Property Overview: 131 St Vital Road
Key Characteristics & Appeal
This 1956 bungalow sits on a notably large, 9,748 sqft lot in the Victoria Crescent neighborhood. With 957 sqft of living space, the home itself is more modest in size, placing it below the neighborhood average but offering a manageable footprint. Its key standout feature is the expansive lot, which ranks in the top 5% on its street and above the citywide average, presenting significant potential for gardening, expansion, or outdoor living.
The appeal here is grounded in value and potential. The assessed value ($423k) is above average for St Vital Road, suggesting a well-maintained or updated property relative to its immediate peers, yet it remains below the higher neighborhood average. This positions it as a more accessible entry point into the area. It would suit first-time buyers, downsizers, or practical investors who prioritize land size over square footage and see value in a classic bungalow layout. The large lot is a particular draw for those with future renovation or addition plans, or who simply desire generous private outdoor space without moving to a rural setting.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The lot is exceptionally large for the immediate street, ranking in the top 7 out of 137 homes. It is larger than the average lot on St Vital Road by over 3,500 sqft. While it's around the average for the broader Victoria Crescent neighborhood, it offers a premium amount of land for this specific location.
2. Is the assessed value high for the area?
The assessed value is above the average for St Vital Road itself, but below the average for the wider Victoria Crescent neighborhood. This indicates the home may offer good value within its direct streetscape while being priced below many of the larger, potentially newer homes in the surrounding area.
3. What does the "Below Average" ranking for living area mean?
With 957 sqft, the home's living space is smaller than most comparable homes in both the Victoria Crescent neighborhood and across Winnipeg. This suggests a efficient, likely traditional bungalow layout. Buyers should be prepared for cozy, well-utilized spaces rather than an open-concept or sprawling floor plan.
4. The home was built in 1956. What should I consider?
The build year is typical for the street. Buyers should pay close attention to the age and condition of major systems (roof, wiring, plumbing, foundation) and look for any updates that may have been made. The era also suggests potential for charming original details.
5. Who is this property best suited for?
This property is ideal for buyers who value outdoor space and location over interior square footage. It's a strong fit for someone looking for a manageable home on a large lot with the potential to renovate or expand over time, or for those who simply want a substantial yard in a established neighborhood.