Property Overview: 100 St Vital Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 624 sqft bungalow built in 1943, situated on a near-average lot of just under 5,000 sqft in the Pulberry neighborhood. Its most defining characteristic is its size: the living area is notably smaller than most homes on its street, in the wider neighborhood, and across Winnipeg. Correspondingly, its assessed value of $239k is significantly below area averages, which range from $340k on its own street to over $422k in Pulberry.
The primary appeal lies in affordability and opportunity. It represents a lower-cost entry point into the St. Vital Road area, suiting first-time buyers, investors, or downsizers with a tight budget. The lot size offers potential for expansion or outdoor space that the home itself does not provide. A thoughtful perspective is that this property may appeal to a buyer looking for a "blank slate" or a strategic land play, where the existing structure is secondary to the location and the possibility of future renovation or redevelopment. It’s a practical choice for someone prioritizing location and land over immediate living space, willing to invest sweat equity or capital over time.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is closely tied to the home's very small living area (624 sqft) and its age (1943). Compared to nearby reference properties, which are typically 30-80% larger, the subject property offers substantially less finished space, which is a major driver of valuation.
2. What does the "Top 99%" ranking for living area in the neighborhood mean?
This statistic indicates that 99% of comparable homes in the Pulberry neighborhood are larger. In other words, this property's living area is in the bottom 1% for its area, highlighting its unusually compact size relative to its surroundings.
3. How reliable is the sold price data shown?
The displayed sold price range (CA$200k–250k for 1/2022) is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as industry rules prevent the display of official MLS records here.
4. Is this a good candidate for a renovation or addition?
Given the below-average living area on a reasonably sized lot, there is clear potential to increase the home's value through an addition. However, any buyer should budget carefully, as construction costs and permitting must be factored against the existing home's value and neighborhood price ceilings.
5. Who would this property not suit?
It would likely not suit buyers who need ample indoor space, prefer a move-in-ready home without renovation plans, or who prioritize immediate equity comparable to larger neighboring homes. The data suggests it serves a specific, value-driven niche rather than the mainstream market.