Property Overview
22 St Vital Road is a 1,071 sqft home in Winnipeg's Norberry neighbourhood, built in 1922 on a 2,939 sqft lot. Its key characteristic is a pronounced value proposition: with an assessed value of $241k, it sits significantly below average for the street, area, and city. This creates a distinct profile of a compact, century-old home on a smaller lot, positioned as an accessible entry point in the market.
Key Characteristics & Appeal
The primary appeal of this property is its affordability and location. It offers a chance to enter the Norberry area at a price point well below typical homes, which often have larger lots and more recent construction dates. The living space is functional and roughly average for immediate comparables, suggesting a practical layout.
Its charm lies in its potential and position. It suits first-time buyers or investors looking for a foothold in a established neighbourhood without the premium price tag. The lower assessed value also suggests the possibility of a lower property tax burden. A thoughtful perspective is that this home represents a "value-over-space" trade-off; it prioritizes location and budget over square footage and land size, appealing to those who view a home as a strategic purchase rather than a final destination. It may also attract buyers interested in the character and renovation potential of an older home, provided they are prepared for the associated maintenance.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessment is likely lower due to a combination of the home's age (104 years), its smaller lot size, and potentially more modest improvements compared to neighbours. It reflects the property's current market position as a more affordable option.
2. What are the implications of such an old house?
A home built in 1922 will require diligent maintenance and potentially updates to major systems like wiring, plumbing, or insulation. A thorough inspection is essential, but the age also often comes with unique character and solid construction not always found in newer builds.
3. Is the smaller lot size a major drawback?
It limits expansive outdoor space for gardening or large gatherings, which is a common feature in Norberry. However, it means less yard maintenance and could be ideal for those seeking a low-maintenance outdoor area or who prioritize indoor living space.
4. How reliable are the sold price ranges shown?
The provided sold price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site.
5. Who would this property NOT be suitable for?
It may not suit buyers looking for a move-in-ready modern home, those who desire a large private yard, or families needing significantly more interior space than the neighbourhood average. It's best approached as a value-oriented project or starter home.