Property Overview
12 Vincent Street is a well-established home in Winnipeg's Maybank neighbourhood, built in 1954. The property presents a compelling mix of relative value and neighbourhood standing, particularly notable for its generous lot size and above-average positioning on its own street.
Key Characteristics, Appeal & Ideal Buyer
The home’s primary appeal lies in its strong standing within its immediate locale. On Vincent Street, it ranks in the top tier for living area and year built, and above average for both lot size and assessed value. This suggests a property that is consistent with, or slightly exceeds, the scale and vintage of its closest neighbours. With a 1,032 sqft house on a 3,934 sqft lot, it offers a balanced footprint.
Its broader appeal is one of value-conscious entry into a stable area. While its metrics are more modest compared to the wider city and even the full Maybank area, this translates to a lower assessed value ($250k), which can mean a more accessible price point and corresponding property taxes. The lot size is a key asset, offering potential for outdoor space or future expansion relative to other homes on the street.
This property would suit a pragmatic first-time buyer or an investor seeking a solid, no-frills home in a mature neighbourhood. It’s for someone who prioritizes a decent-sized lot and a home that holds its own on its block over having the newest or largest house in the wider region. The historical sale data indicates stable, gradual appreciation, appealing to those with a long-term, steady outlook.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
While its assessed value is above average for Vincent Street, it is below the average for the broader Maybank area and significantly below the Winnipeg city average. This indicates you are paying for location and lot within a specific, more affordable pocket.
2. What does the lot size mean for me?
At nearly 4,000 sqft, the lot is over 25% larger than the average on Vincent Street. This provides more private outdoor space than most neighbours and could be a factor for gardening, play, or future projects like a shed or expanded patio.
3. The home was built in 1954. What should I consider?
As one of the older homes on the street, a thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, electrical, and foundation. This vintage also often comes with solid construction and simpler, modifiable layouts.
4. Why is the living area considered "Elite" on the street but "below average" citywide?
This highlights the character of the neighbourhood. Vincent Street consists of modestly sized, older homes. Here, 1,032 sqft is among the largest, but it’s below the modern city average, reflecting a trend toward larger new builds in newer suburbs.
5. How reliable are the past sold price ranges shown?
The provided ranges are based on public data. For precise historical sale figures to inform your offer, you must request the exact sold price history via email from the listing service, which they provide manually.