Property Overview & Key Characteristics
This 1974 three-level split home sits on a generous 6,050 sqft lot in the Vialoux neighbourhood. Its key appeal lies in the balance of established community character and relative value. With 1,157 sqft of living space and a finished basement, it offers functional, multi-level living. The property's standout characteristic is its lot size, which surpasses 71% of all homes in Winnipeg, providing significant outdoor space potential in a city where larger lots are increasingly rare. Its age is also a notable advantage, as it is newer than 97% of homes on its street, suggesting a well-established yet not antiquated streetscape.
The home would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space, or value-oriented investors attracted by the below-average assessed value for the lot size. It’s a practical choice for those who prioritize land over a large interior or a modern build, and who see potential in a home that ranks higher for its land and age than for its current finished square footage.
Frequently Asked Questions
1. What does the "three-level split" layout typically mean?
This style usually features short flights of stairs separating living, sleeping, and basement areas, creating distinct zones and often making the basement feel less subterranean. It’s efficient but may not suit those seeking single-level or completely open-concept living.
2. The home ranks low for living area but high for lot size. What does this imply?
It indicates you are primarily purchasing land and location. The house itself is on the smaller side for the area, but the lot is substantially larger than average. This could be ideal for future expansion, gardening, or outdoor living, but requires comfort with the home's current scale.
3. There is no garage. How significant is this in this neighbourhood?
Given that the home ranks in the top third city-wide for value, the lack of a garage is likely reflected in the price. It’s a common trade-off in older neighbourhoods. Buyers should budget for alternative parking solutions and consider the potential to add a garage or carport in the future, subject to local bylaws.
4. The assessed value is notably lower than many area homes. Is this a concern?
Not necessarily. Municipal assessments for tax purposes don't always align perfectly with market value, especially for older homes on large lots. It can represent a value opportunity, but a thorough inspection is advised to understand the home's condition relative to its age.
5. The home is newer than most on its street. What are the pros and cons of this?
A 1974 build in an older area means you likely benefit from more modern wiring and plumbing basics than much older neighbours, while still inheriting any material or design limitations of that era. It may sit on a street with a mature, settled feel but with a house that requires fewer updates from a bygone architectural period.