Property Overview & Key Characteristics
86 Wexford Street is a well-established, single-storey home in Winnipeg's Vialoux neighbourhood, built in 1972 on a generous 7,410 sqft lot. Its key appeal lies in its balance of space, location, and value. The 1,170 sqft home features a finished basement, adding functional living area. Its standout characteristic is its land size, which is larger than most in the immediate area, offering ample outdoor potential. The home’s overall assessment value ranks highly within Winnipeg, suggesting a solid foundation of municipal valuation relative to the broader market.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature community. It’s also a candidate for buyers who value a larger lot for gardening, expansion, or simply more private outdoor space than is typically found in newer subdivisions. The rankings indicate it’s a competitively sized home for its street and neighbourhood, but its lot size and city-wide assessment ranking are its less obvious, stronger assets.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings compare this property to others on its street, in Vialoux, and across all of Winnipeg for metrics like lot size, age, living area, and assessed value. They show, for instance, that while the house is average in size for its area, its lot is larger than most and its assessed value is in the top third city-wide.
2. Is the basement included in the 1,170 sqft living area?
Typically, "living area" refers to above-grade, finished space. The 1,170 sqft figure likely represents the main floor. The finished basement is an additional, separate feature that adds usable space.
3. What are the implications of a 1972 build year?
Homes from this era often feature practical layouts and sturdy construction. Buyers should budget for potential updates to original components like windows, roofing, or mechanical systems, which may be nearing the end of their service life.
4. There's no garage. Is there parking or potential to add one?
The listing notes no garage. The large lot may offer space to build a garage or shed, subject to local zoning bylaws. On-street parking is likely available, but verifying this and any existing driveway provisions is recommended.
5. How does the assessed value relate to the likely selling price?
The municipal assessment ($420,000) is for tax purposes and uses mass appraisal techniques. It can be a useful benchmark, but the actual market price is determined by current buyer demand, the home's condition, and recent sales of comparable properties.