Property Overview: 178 Wexford Street, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home on a large, 8,029 sqft lot in the Vialoux neighbourhood. Built in 1962, its primary appeal lies in its generous land size—ranking in the top 11% of all Winnipeg properties—offering significant space and potential. The home itself features 1,300 sqft of living space with a finished basement and a detached garage. Current assessment value places it in the top 30% of its street and top 28% city-wide, suggesting a solid foundation of value for the area.
The property suits practical buyers looking for space over flash. It’s ideal for someone who values a large yard for gardening, children, or future expansion more than a modern, turn-key interior. It would also appeal to value-oriented investors or homeowners comfortable with the character of a 1960s home and who see potential in its above-average lot size and finished basement. A less obvious perspective is that its strong rankings for lot size and assessed value, compared to its more modest rankings for age and interior space, indicate a property where the land itself is the leading asset—a stable, long-term holding in a mature neighbourhood.
Frequently Asked Questions
1. What is the true significance of the provided rankings?
The rankings show how this property compares to others in its immediate area and across Winnipeg. For example, ranking in the top 11% city-wide for lot size is a standout feature, while the home’s age and interior size are more typical for the neighbourhood, helping set realistic expectations.
2. Is the finished basement included in the 1,300 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional feature, providing extra usable rooms or recreational space not reflected in the main square footage figure.
3. What does the assessment value tell me about the listing price?
The assessment value ($434,000) is a municipal valuation for tax purposes. It’s a useful benchmark that indicates the property is perceived as being in the top third of homes in Winnipeg, but the actual listing price will be set by the current market and the seller.
4. What are the implications of a "ONE STOREY" build type?
This means it’s a bungalow-style home. This is often appealing for its straightforward layout and potential for easier accessibility, but it may mean living spaces are more spread out horizontally compared to a two-storey home of similar total square footage.
5. The lot is large, but is it usable?
An 8,029 sqft lot offers excellent potential. However, a thoughtful consideration is to verify the lot’s shape, topography, and any easements or covenants that might affect where you can build a shed, park additional vehicles, or add an extension. The existing placement of the house and garage will also determine how much usable yard remains.