Property Overview: 183 Wexford Street, Winnipeg
Key Characteristics & Appeal
This 1982-built, four-level split home sits on a generous 6,344 sqft lot in the Vialoux neighbourhood. With 1,460 sqft of living space, it offers a practical layout over multiple levels, a feature common in its era that provides distinct zones for living, sleeping, and recreation. The property includes an attached garage and a full, unfinished basement, presenting a blank canvas for future expansion or storage.
Its primary appeal lies in its established setting and above-average lot size, offering more outdoor space than many comparable homes. The data suggests a solid, middle-of-the-road property that doesn’t excel in any single category but holds its own with reliable rankings. It’s newer, larger, and sits on a bigger parcel than most homes on its street, yet its assessed value remains moderate for the broader Winnipeg market. This creates a value proposition for buyers seeking space and potential over turn-key luxury. It would suit a practical buyer—perhaps a growing family, a handy homeowner, or an investor—who sees the unfinished basement and good lot size as opportunities to add value over time, rather than expecting a perfectly updated show home.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in three areas: its immediate street, the wider Vialoux community, and all of Winnipeg. For example, being newer than 80% of homes on its street indicates it’s one of the more recently built houses in that specific location.
2. Is an unfinished basement a drawback?
Not necessarily. While it requires additional investment to finish, it offers flexible space for future customization—be it a rental suite, home gym, or family room—without the cost of that renovation being included in the purchase price.
3. Who might this "four-level split" layout suit best?
This style is ideal for those who prefer defined, separate living areas over an open-concept floor plan. It naturally separates daily living spaces from private sleeping quarters across different levels, which can be great for families or those who entertain.
4. How should I interpret the assessment value versus the asking price?
The municipal assessment of $349,000 is for tax purposes and reflects a mass appraisal from a prior date. It’s a useful benchmark for comparing relative value within the city, but the market-driven asking price will be influenced by current conditions, updates, and seller motivation.
5. What’s the significance of the lot size being a key ranking feature?
At over 6,300 sqft, the lot is a standout asset. In established neighbourhoods, large lots provide valuable outdoor space, privacy, and future potential (like additions or landscaping projects) that are often unavailable in newer subdivisions.