Property Overview: 163 Wexford Street, Winnipeg
Key Characteristics & Appeal
This property is a classic 1946 one-storey home on a notably large, nearly 9,000 sqft lot in the Vialoux neighbourhood. Its primary appeal lies in its generous land size, which ranks within the top 8% of all properties in Winnipeg for square footage, offering exceptional outdoor space and future potential. The house itself, at 1,222 sqft with an unfinished basement, presents a solid, no-frills foundation.
The appeal here is multifaceted. For a buyer seeking value in land, it offers a rare large parcel within the city. It suits a hands-on purchaser looking for a long-term home to customize and grow into, or an investor who recognizes the value of the lot itself. The home’s rankings tell a clear story: while the structure is older and modest in size compared to local averages, the land it sits on is its standout, competitive asset. This creates a unique proposition—a property where the future possibilities (from gardening to expansion) may be as compelling as the existing home.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It means the basement is in a rough state, with concrete floors and walls, awaiting development. This is a blank canvas for future living space, storage, or utilities, but requires investment to finish.
2. The house is from 1946. What should I be aware of?
While offering classic charm, a home of this age will likely have original or older components like plumbing, electrical, and insulation that may need inspection, updating, or budgeting for future maintenance.
3. There's no garage. Can one be built?
The extremely large lot certainly provides ample space for adding a garage or workshop. Any new structure would require proper permits and adherence to local zoning bylaws.
4. How meaningful are the provided ranking statistics?
They are useful for quick comparison. For instance, ranking in the top 8% for lot size city-wide highlights a key advantage, while lower rankings for age and assessed value suggest a more modest, entry-point offering in those categories.
5. Who handles the closing process and costs?
In Manitoba, the transaction is typically handled by a lawyer, not a notary. Buyers should budget for closing costs, including legal fees, land transfer tax, and title insurance, which are separate from the purchase price.