3198 Vialoux Drive

Property Overview & Key Characteristics

This property is a spacious, two-storey home built in 1974, situated on a large, approximately 7,800 sqft lot in Winnipeg. Its primary appeal lies in its generous proportions, offering nearly 2,000 sqft of finished living space, which includes a developed basement. The home ranks highly for its size, lot, and assessed value compared to most of Winnipeg, indicating it offers above-average space and land for the market.

Its appeal is for buyers seeking a established home with room to grow or spread out, without the premium of a new build. It would suit a family, a multi-generational household, or someone who values a larger private yard. The rankings suggest it's a solid, middle-of-the-road property within its immediate neighborhood but stands out as a more substantial offering city-wide. A thoughtful perspective is that while the home is over 50 years old, its strong ranking for living space and lot size in the city suggests these enduring features can outweigh the age for the right buyer. The lack of a garage is a trade-off for the large lot, which presents an opportunity for adding one or enjoying expansive outdoor space.

Frequently Asked Questions

Q: How does the age of the home (1974) factor into its value?
A: While older, the home's above-average size and lot are significant value drivers. It likely presents a balance of character and space, but buyers should budget for potential updates to systems like plumbing, electrical, or windows that are typical for the era.

Q: The home ranks much higher city-wide than in its own neighborhood. What does this mean?
A: This indicates the property is a larger, more valuable home compared to the average in Winnipeg. In its specific community, there are more homes of similar or greater size/value. It means you're getting a property that stands out in the broader market but fits comfortably within its local area.

Q: There is no garage. Is there space to build one?
A: The lot is very large at nearly 7,800 sqft, which typically provides ample room to add a detached garage, subject to local zoning and setback bylaws. This is a key opportunity for a buyer to customize the property.

Q: The assessed value has risen significantly from the 2017 sale price. Is the current price justified?
A: Market-wide increases have occurred since 2017. The assessed value is an official estimate for taxation, not a sale price. However, its high percentile rank (87th) suggests the assessment views it as a well-above-average property for Winnipeg, which supports a current market price above its last sale.

Q: What is a "TWO/ONE STOREY" building type?
A: This typically describes a two-storey home with a significant, fully-finished basement that provides additional above-grade-style living space, making it feel like a multi-level home. This aligns with the listing noting a developed basement.