Property Overview
This 1974-built, one-storey home on a large 5,261 sqft lot in Vialoux presents a solid opportunity for specific buyers. Its key appeal lies in its generous, mature lot—a significant asset in the neighbourhood—and a finished basement that adds functional living space to the 1,262 sqft main floor. The home ranks highly for its lot size and relative newness within its immediate street, suggesting it sits among the larger, somewhat newer properties on the block. However, its overall assessed value ranks lower than many peers in the wider community and city, which may indicate room for modernization or a value-conscious entry point. This property would best suit a buyer looking for a land-rich, single-level living scenario, who is prepared for potential updates typical of a home from the 1970s. It’s a practical choice for those prioritizing outdoor space and basement versatility over high-end finishes or a premium assessment value.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in three areas: its specific street, the broader Vialoux community, and all of Winnipeg. For example, ranking in the "top 3%" for age on its street means it is one of the newest homes there, but ranking in the "top 65%" for assessed value in the community means its valuation is lower than many neighbours.
2. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a standout feature, ranking in the top 10% of the neighbourhood. This could provide excellent outdoor space and future possibilities like an addition or garage, subject to zoning and permit approvals.
3. Why is the assessed value ranking lower than the physical size rankings?
This is a notable point. While the house and lot are physically larger than many comparable properties, a lower assessment can often reflect the home's condition, specific market factors, or interior features that haven't been updated. It's a key area for a buyer to investigate during a viewing.
4. What are the considerations with a 52-year-old home?
While ranked as newer on its street, a home from 1974 will likely have original or aging core components. A thorough inspection of the roof, windows, plumbing, electrical systems, and insulation is essential to understand upcoming maintenance or efficiency upgrades.
5. There’s no garage. How does that impact practicality and value?
The lack of a garage is a trade-off for the large lot. It means less storage and no protected parking, which is a consideration for our climate. However, the lot size does offer the potential to add a garage or shed in the future, which is a factor not available on smaller properties.