Property Overview
This 790 sqft home, built in 1979, presents a straightforward and practical opportunity in Winnipeg’s Vialoux neighborhood. Its key appeal lies in its relative affordability and established location. With an assessed value for taxes of $137,000, it sits significantly below the citywide average, offering a lower entry point into homeownership. The living space is typical for its immediate street and community, though modest compared to the broader Winnipeg market.
The property is well-suited for first-time buyers, budget-conscious investors, or downsizers seeking a manageable space without a high tax assessment. A less obvious perspective is its potential appeal to those who value predictability; being close to the neighborhood averages for both size and value suggests a stable, non-volatile market position. Its 1979 build year is among the newest on its street, which may indicate slightly more modern infrastructure than some direct neighbors, but buyers should be prepared for updates consistent with a home of this era.
Frequently Asked Questions
1. Is this a good value compared to the rest of Winnipeg?
Based on the data, yes. The home's assessed value is notably below the citywide average, which can translate to lower property taxes. You are paying primarily for the location and lot, with the structure itself priced well under the Winnipeg norm.
2. How does the living space feel for a family?
At 790 sqft, the living area is compact. It is typical for the local Vialoux area but below the city average. It would suit a small family, a couple, or an individual comfortably, but may feel constrained for those needing multiple dedicated rooms or extensive living space.
3. What does the 1979 build year mean for maintenance?
Being built in 1979 means major systems (roof, plumbing, electrical) are likely original or have undergone some updates. While it's newer than many on its street, a professional home inspection is crucial to understand the condition and anticipate potential repairs or modernizations needed.
4. Why is the tax assessment so much lower than the city average?
The assessment reflects the property's value for taxation purposes, influenced by the home's size, age, and the local market values in Vialoux. It indicates this is a more affordable area within Winnipeg, which is a key part of the property's profile.
5. How competitive is this property likely to be?
Its position in the 70th percentile for both size and value on its street suggests it is not a standout "top" property in the immediate area, but a solidly average one. This could mean less intense competition compared to newer or larger homes, making it a more accessible target for a pragmatic buyer.