Property Overview
This home at 57 St Vital Road in Winnipeg's Norberry neighbourhood presents a solid, mid-century property with distinct advantages in its lot size and local value positioning. Built in 1956, it offers 1,156 sqft of living space on a notably generous 7,564 sqft lot. Its current assessed value is $373,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot is substantially larger than most on its street and ranks well above average city-wide, offering significant outdoor space and potential. While the living area is modest and typical for its area, the home holds a strong value position within Norberry, assessed above the neighbourhood average. This suggests a perceived robustness in its specific location. The home’s age means buyers should be prepared for the maintenance or update needs common to houses from this era, but it also represents a classic, established streetscape.
It would suit a buyer looking for a ground-up opportunity—whether that’s gardening, expansion, or simply enjoying a larger yard—in a stable neighbourhood. It’s a practical choice for those who prioritize land over a large interior footprint and are comfortable with a home that may require personalization. The data indicates it’s not an outlier in most metrics, but rather a property whose value is anchored by its desirable lot size in a well-regarded area.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $373k is for municipal tax purposes. While it provides a benchmark, the actual market price is determined by current conditions, the home’s state, and buyer demand. Its above-average assessment in Norberry is a positive indicator of its standing in the area.
2. What does the sold price history tell us?
It last sold in late 2022 for between $300k and $350k. This recent sale provides a concrete market baseline, showing appreciation from its previous 2017 sale in the $250k-$300k range.
3. Is the house in need of major updates?
Built in 1956, major systems like roof, plumbing, electrical, and windows may be at or beyond their typical lifespans. A thorough inspection is essential to understand the condition and potential upcoming investments.
4. What are the advantages of such a large lot?
The oversized lot (over 7,500 sqft) is a key asset. It offers ample space for recreation, gardening, adding a deck or shed, and provides more privacy than smaller lots. It also represents future potential for additions or redevelopment, subject to zoning.
5. How does this property compare to others nearby?
The data shows it has a larger lot than most on its street and in the city. Its living space is typical for Norberry, and its assessed value is stronger within the neighbourhood than when compared to the wider city. This points to a property that is particularly well-suited for buyers who value the local community and land size.