Property Overview
This 1950s-era, single-storey home on Vialoux Drive presents a compelling blend of space, location, and potential. Its primary appeal lies in its exceptionally generous 20,000 sqft lot and a substantial 2,850 sqft of finished living area, figures that rank it in the top tier of homes across Winnipeg. The property includes a finished basement and an attached garage. While the home itself is of a mature vintage, its sheer physical footprint and interior volume are rare commodities in the city.
The home is ideally suited for buyers who prioritize space over turn-key modernity. It’s a strong candidate for a growing family seeking room to spread out, or for a visionary buyer who sees the value in the land and the solid foundation, with plans to renovate or expand over time. Its high rankings within the community for lot and home size suggest a premium, established location, offering a sense of privacy and room for gardens, recreation, or future additions that newer subdivisions rarely provide. A thoughtful perspective is that this property offers "equity in earth and square footage"—a tangible asset base that can be customized to the owner's taste, rather than paying a premium for someone else's recent renovations.
Frequently Asked Questions
1. The house was built in 1950. What should I be prepared for?
While the basement is finished and the structure offers fantastic space, a home of this age will likely require updates to major systems like plumbing, electrical, or the roof over time. A thorough inspection is essential to understand the condition and prioritize future investments.
2. The lot is huge. Are there any restrictions on what I can do with it?
A 20,000 sqft lot offers significant potential. However, you should verify zoning bylaws with the city to understand what is permissible, whether for adding a detached structure like a workshop or garage, building an addition, or subdividing the lot if possible.
3. How does the older construction date affect the property's value?
The age is reflected in the price, making this level of space more accessible. The value here is anchored more in the land size and total living area than in contemporary finishes. For the right buyer, this represents an opportunity to create value through strategic updates.
4. The rankings show the home is newer than only 7% of houses on its street. Is this a concern?
This indicates the street is primarily composed of newer homes. This can be positive, suggesting a well-maintained, mature neighbourhood. It also means this property likely has one of the largest, most established lots on the block, offering a unique setting compared to its neighbours.
5. What is the significance of the high assessment value ranking?
An assessment that surpasses 98% of Winnipeg homes strongly indicates that the city assesses this as a high-value property, primarily due to its lot size and living area. This is a key data point for understanding its market position and potential municipal tax obligations.