Property Overview: 54 St Vital Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home in Norberry presents a distinct value profile centered on space efficiency. Its key characteristic is a living area (1,292 sq ft) that is notably above average for both its immediate street and the broader neighbourhood, ranking in the top 25%. This suggests a well-utilized floor plan that offers more interior space than many surrounding properties. However, this comes on a modestly sized lot (4,386 sq ft) that is below the local average, indicating a focus on the home itself rather than extensive outdoor space.
The primary appeal lies in its value proposition. The home’s assessed value ($286k) is consistently below average across all comparison levels—street, area, and city. This creates a potential opportunity for a buyer to acquire more interior square footage for the dollar compared to local benchmarks. The home, built in 1947, is typical for the area’s vintage.
It would best suit practical, value-conscious buyers such as first-time homeowners or downsizers who prioritize indoor living space over large-yard maintenance. It’s also a sensible option for investors or renovators looking for a property with a lower entry point, where the above-average interior space could be enhanced through updates.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily indicates a lower property tax base and a potentially attractive purchase price relative to the amount of living space offered. It warrants a professional inspection to understand the condition behind the valuation.
2. How does the smaller lot size impact the property?
It means less yard for gardening, play, or expansion, which aligns with a low-maintenance lifestyle. It also suggests closer proximity to neighbours compared to other homes on the street.
3. The home sold recently in March 2025. What does the data show?
The sold price range ($350k-$400k) placed it in the top 30-40% of local sales, indicating it likely sold for significantly more than its assessed value—a strong market signal of its perceived worth.
4. What are the less obvious considerations for a 1947 home?
While its age is typical for Norberry, a buyer should specifically investigate the condition of original systems (like plumbing and electrical), insulation, and the foundation, as updates in these areas can be significant.
5. How can I verify the exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. You must request this data directly via email from the service provider for fully verified figures.