Property Overview & Key Characteristics
This 2011-built, one-storey home at 159 Wexford Street offers a modern, low-maintenance lifestyle on a surprisingly large lot. Its key appeal lies in the combination of a contemporary, move-in-ready home with the space and potential of an 8,283 sqft property. With 1,396 sqft of living space, a finished basement, and an attached garage, it provides comfortable, single-level living. The home ranks exceptionally well for its assessed value and recent build year within the broader Winnipeg context, indicating a strong and modern investment relative to the overall market.
It would ideally suit first-time buyers or downsizers seeking a modern home without extensive upkeep, or strategic buyers who value the potential of a large lot in the city for future expansion, gardening, or outdoor living.
Five Frequently Asked Questions
1. What does the high assessment value ranking mean?
The home's assessed value ranks in the top 5% for Winnipeg, meaning it is valued higher than 95% of properties city-wide. This typically reflects a combination of its modern build, desirable location, and above-average lot size, suggesting a premium property within its market area.
2. Is the large lot size a common feature for this style of home?
An 8,283 sqft lot is notably large for a relatively new, one-storey home in the city. This is a significant advantage, offering more private outdoor space and potential than typically found with newer builds, which often sit on smaller, subdivided lots.
3. The home ranks very high for its "build year" but lower for "living area" in the neighbourhood. What does this indicate?
This suggests the home is one of the newest properties in the area (top 3% in the community), but its square footage is more average when compared to its immediate neighbours. Buyers are getting modern construction and systems, but the living space is comfortable rather than expansive relative to older, possibly larger homes nearby.
4. What is the significance of the finished basement?
A finished basement in a 2011 home adds valuable, flexible living space that is immediately usable. It likely includes proper insulation and meets modern building codes, making it suitable for a recreation room, home office, or guest space without the need for a renovation project.
5. Who might this property not suit?
It may not suit buyers seeking a historic character home or a very large interior footprint on one level. Given its single-storey design and moderate square footage, growing families needing multiple large bedrooms or dedicated formal spaces might find the layout limiting without utilizing the finished basement.