Property Overview
This well-situated home at 127 St Vital Road offers a compelling blend of space, value, and established character. Its 1,340 sqft of living space is above average for its immediate street and aligns closely with the typical Winnipeg home. The property stands out on St Vital Road, ranking in the top tier for its modern construction (1972) and its assessed value for taxes, which is significantly higher than the street average. This suggests a home that has been well-maintained or updated relative to its neighbors. The lot size of 7,408 sqft is generous compared to both the street and the city overall, providing ample outdoor space. However, within the broader Victoria Crescent community, which features larger estates, this home presents as a more manageable and affordable option.
Its appeal lies in offering a substantial, newer-built home on a good-sized lot within a desirable area, but at a scale and price point that is more accessible than many surrounding properties. It would suit practical buyers looking for a move-in ready family home in a mature neighborhood, who value outdoor space but don't want the upkeep of an extremely large lot. It’s also a smart consideration for those who appreciate a home that holds strong value within its immediate locale—evident from its high assessment ranking on the street—while being part of a prestigious wider community.
Frequently Asked Questions
1. The assessment value seems high for the street. What does this mean?
The property’s tax assessment ranks in the top 4% on St Vital Road, well above the street average. This typically indicates that the municipal assessor views the home as having a higher market value relative to its neighbors, often due to factors like condition, updates, additions, or specific features not reflected in square footage alone.
2. How does the lot size compare practically?
At over 7,400 sqft, the lot is larger than most in Winnipeg and on its street, offering great potential for gardening, recreation, or expansion. It’s worth noting that while substantial, it is below the average for the Victoria Crescent area, which is known for very large estates. This translates to less yard maintenance than many in the community, but more private space than a typical city lot.
3. The home was built in 1972. What should I consider?
A 1972 build is newer than most on the street and in the area. This is positive, likely meaning more modern wiring, plumbing, and layout. As with any home over 50 years old, a thorough inspection is key to understand the condition of the roof, windows, and major systems, which may be due for updates or replacement based on their lifespan.
4. Why is there such a difference between the street and community rankings?
This highlights the neighborhood’s diversity. St Vital Road itself consists of varied homes, where this property stands out favorably. Victoria Crescent, as a whole, includes many larger, higher-value estates, making this home a more moderately-scaled option within that sought-after community. You're buying into the broader area while owning a home that is a leader on its specific block.
5. Who would this property not suit?
It may not suit buyers seeking a brand-new build or those who want the absolute largest lot and home footprint that the Victoria Crescent area is known for. Similarly, if being in the top tier of property values within the entire community is a priority, this home, which ranks below the community average in value and size, may not meet that specific goal.