Property Overview & Key Characteristics
This 1967-built, single-storey home on Wexford Street presents a compelling blend of space, location, and value. Its primary appeal lies in its generous 11,821 sqft lot and a substantial 2,038 sqft of finished living space, which includes a developed basement. These dimensions place it in the top tier of Winnipeg homes for size, outperforming over 90% of the city's properties. The home features an attached garage and a classic, functional layout.
The property's standout feature is its remarkable land size for an urban lot, offering significant outdoor potential. Its value is further underscored by a municipal assessment that ranks highly against local and city-wide comparables. While the building itself is from the late 1960s, the ample square footage and finished basement provide a solid foundation for comfortable living or future modernization.
This home is ideally suited for buyers who prioritize indoor and outdoor space over a brand-new build. It would fit a growing family needing room to spread out, a purchaser looking for a property with renovation and personalization potential, or anyone seeking a home with above-average lot size—a increasingly rare commodity in the city—within a well-established neighbourhood.
Frequently Asked Questions
1. What is the true significance of the high ranking percentages?
They are a relative measure of value. For instance, ranking in the top 9% of Winnipeg for living area means you get more interior space than 91% of city homes, which is a key differentiator for the price.
2. Is the 1967 build year a concern?
It indicates the core structure and systems are nearly 60 years old. While the home is clearly well-maintained and spacious, a pre-purchase inspection is essential to understand the condition of the roof, wiring, plumbing, and foundation.
3. What can I do with such a large lot?
Beyond a spacious yard, the nearly 12,000 sqft lot opens possibilities not found on standard parcels: adding a substantial deck or patio, creating extensive gardens, installing recreational amenities, or even future expansion (subject to zoning and permits).
4. The assessment value is $570k. Does that mean it will sell for that price?
Not necessarily. The assessed value is for municipal tax purposes. The market price is determined by current buyer demand, the home's condition, and recent sales of comparable properties, which the high rankings suggest are strong.
5. What are the less obvious pros and cons of a single-storey layout?
The major pro is long-term accessibility and easy flow between rooms, which is ideal for aging in place or those with mobility considerations. A potential con is that all living space is on one level, which can sometimes feel less private than a multi-storey home where bedrooms are separated from living areas.