Property Overview & Key Characteristics
This 1974-built, two-storey home sits on a large, 7,348 sqft lot in the Vialoux area of Winnipeg. With 1,945 sqft of living space, it offers more room than the vast majority of Winnipeg homes. Its appeal lies in the combination of a generous, established lot and above-average interior space, presenting a solid value proposition for the price point. The home has an unfinished basement, providing practical storage or future expansion potential to suit a buyer's needs.
The property would best suit buyers looking for a spacious, traditional home on a large lot, who are comfortable with a property of this vintage and see potential in personalizing or updating it over time. Its strong rankings for lot and living area size suggest it offers a tangible sense of space that can be harder to find in newer subdivisions. A thoughtful perspective is that while the home itself may require some modernization, the land itself is a significant and appreciating asset, offering room for gardens, recreation, or future outdoor living spaces that newer properties often lack.
Frequently Asked Questions
Q: What does the ranking data actually tell me?
A: The rankings compare this property to others in its immediate street, wider community, and all of Winnipeg. For example, ranking in the top 14% city-wide for living area means it is significantly more spacious than most Winnipeg homes. This data helps quantify its relative strengths, like space and lot size, against its peers.
Q: The house was built in 1974. What should I consider?
A: While the core structure is now 50 years old, this era of home is known for solid construction and roomy layouts. The key considerations will be the age and condition of major systems (like roof, windows, plumbing, and electrical) and interior finishes, which likely reflect the period and may benefit from updating.
Q: There's no garage. Is that a major drawback?
A: It depends on your lifestyle and priorities. The lack of a garage is a trade-off for the large lot. The lot size does provide the potential to add a garage or workshop in the future, subject to local bylaws and permits, which is an option not always available on smaller properties.
Q: The basement is unfinished. Is that good or bad?
A: This is often seen as a positive blank canvas. It provides ample storage and flexible space that can be finished to your specific needs—whether as a rec room, home office, or additional bedrooms—without needing to undo someone else's previous renovation choices.
Q: How does the assessed value relate to the asking price?
A: The municipal assessment of $503,000 is for tax purposes and provides one benchmark of the property's official valuation. It is not a direct indicator of market value or selling price, which is determined by current market conditions, the home's specific state, and buyer demand.