16 Vincent Street

Property Overview: 16 Vincent Street, Winnipeg

Key Characteristics & Appeal

This 888 sqft bungalow, built in 1954, presents a straightforward and affordable entry into Winnipeg’s Maybank neighbourhood. Its core appeal lies in its relative value and manageable scale. The home sits on a modest, low-maintenance lot (1,876 sqft), which is smaller than most in the area but translates to less yard work. While the living space is below the citywide average, it is quite typical for its immediate street, ranking in the middle among its closest neighbours. A key, less obvious characteristic is its age: on Vincent Street, it is the oldest home (ranked 1 of 28), which may interest buyers curious about original mid-century character or seeking a well-established property.

The assessed value is notably low ($24,200), placing it well below averages for both Maybank and Winnipeg overall. This suggests lower property taxes and a accessible price point. The home last sold between 2016 and 2025 for an estimated $150k–$200k. It would best suit first-time buyers, downsizers, or investors looking for a practical, no-frills property with lower ongoing tax costs. It’s a home for those who prioritize financial efficiency and a simple footprint over size or modern amenities.

Frequently Asked Questions

1. What does the low assessed value mean for me?
A low assessed value typically results in lower municipal property taxes, which is a recurring annual saving. It generally indicates the municipality’s valuation of the property is below market averages for the city.

2. How does the smaller lot size impact the property?
The lot is significantly smaller than most in Winnipeg. This means minimal exterior maintenance, but also limited private outdoor space and less potential for expansions like large additions or garages, subject to zoning.

3. The home is noted as the oldest on the street. What should I consider?
Being the oldest (1954) may mean it retains more original features, but it also warrants a diligent inspection of aging components like the foundation, plumbing, electrical, and roof to understand any needed updates or maintenance.

4. The living area is below city average. Is the space practical?
At 888 sqft, the home is compact. It’s comparable to other homes on Vincent Street but smaller than the typical Winnipeg home. This efficient layout suits simpler living needs but may feel cramped for larger families or those needing dedicated office/workspace.

5. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. You can request it directly via the email prompt on the listing page. The service provides the accurate figure manually, usually by the end of the same business day, without using your email for marketing.