3501 Vialoux Drive

Property Overview

This 1963 two-storey home on Vialoux Drive is defined by its substantial, mature lot of over 20,000 sq ft—a rare find that places it in the top tier of properties in Winnipeg for land size. With nearly 2,000 sq ft of living space, a finished basement, and an attached garage, it offers solid, functional space. Its appeal lies in the exceptional outdoor potential and privacy afforded by such a large parcel in the city, balanced by a home that provides comfortable, established living. The property ranks very highly for lot size and assessed value within its community and city-wide, indicating a premium location.

It would best suit a buyer who values space and privacy over new construction—someone with a vision for gardening, outdoor recreation, or potential future expansion. It’s a property for those who appreciate established neighbourhoods and are prepared to steward a home with character and history, possibly seeing the 1963 build date not as a drawback but as an opportunity for thoughtful updates.

Key Questions for Consideration

1. What does the high ranking for lot size actually mean for daily life?
   Beyond the impressive statistic, it translates to exceptional privacy, room for additions like a workshop or large garden, and a sense of openness uncommon in the city.

2. The home is newer than only 14% of houses on its street. What should I consider?
   This indicates a very mature, established street. You should prioritize a thorough inspection focusing on major aging components like the roof, windows, and foundation, while also appreciating the likely stable, settled nature of the neighbourhood.

3. How should I interpret the strong assessed value ranking?
   The assessment suggests the property is already valued highly by the city relative to others, which can be positive for equity. However, it’s essential to compare this with recent local sales to understand the current market price.

4. Is the finished basement a full, legal secondary suite?
   The details state it is finished but do not specify if it is a legal suite with a separate entrance. This is a crucial distinction for rental potential or mortgage purposes and requires verification.

5. What are the trade-offs of such a large lot?
   While offering immense potential, a lot of this size requires significant maintenance (lawn care, landscaping) and may come with higher property taxes due to the land value. The utility and cost of maintaining the outdoor space should be factored into the decision.