Property Overview
This home presents a compelling mix of established character and tangible value. Its key appeal lies not in being the largest or newest house on the block, but in offering a well-proportioned package with standout outdoor space and a strong assessment value that suggests solid construction and desirable features for its era.
Key Characteristics & Ideal Buyer
The 1,251 sqft bungalow, built in 1974, sits on a notably generous lot of nearly 11,000 sqft, which ranks within the top 5% citywide. This expansive yard is the property's most distinctive asset, offering exceptional privacy and potential for gardens, recreation, or expansion. While the living space is slightly below the street average, its municipal tax assessment is significantly above average for both its immediate street (top 20%) and the entire city (top 15%), indicating that official evaluators recognize a quality above its modest square footage.
This property would suit practical buyers who prioritize land size and established neighborhoods over brand-new finishes. It's ideal for a growing family seeking room for kids and pets to play outdoors, or for value-oriented purchasers who understand that a high assessment relative to size often points to good materials, layout, and updates that may not be immediately visible. It’s a home for someone who sees the long-term value in a large lot in a mature community, rather than just the interior square footage.
Frequently Asked Questions
1. Is the living space too small compared to other homes on the street?
The living area is moderately below the average for Kingshead Close. This suggests a more efficient or compact footprint compared to some neighbors, which can be an advantage for lower utility costs and easier maintenance, while the investment is directed more toward the land itself.
2. Why is the tax assessment so high relative to the home's size?
A high assessment relative to square footage typically reflects factors like quality of construction, desirable interior finishes, modernized systems (like roof, HVAC), or functional layout that appraisers recognize. It often means you're paying for tangible quality and community desirability, not just empty space.
3. What does the 1974 build year imply for maintenance?
Homes from this era are past their initial infancy but are often built with robust materials. Key components like the roof, windows, and major mechanical systems are likely at or beyond their typical lifespan, so a thorough inspection is crucial. The upside is that many original charming features remain intact.
4. How significant is the lot size, really?
Ranking in the top 5% citywide is exceptionally rare. This lot offers more than double the average Winnipeg lot area, providing unparalleled privacy, space for additions like a garage or workshop, and room for landscaping that most city properties cannot match.
5. The rankings show "close to average" for the community in several categories. Is that a bad sign?
Not at all. Being close to the community average for living space and build year means this home is typical for the well-established Vialoux area, suggesting stability and consistent property values. It fits right into a mature neighborhood, while its above-average lot size and assessment give it a competitive edge within that stability.