108 St Vital Road

Property Overview: 108 St Vital Road, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, historically grounded home built in 1945, offering a distinct value proposition in Winnipeg’s Pulberry neighborhood. Its key characteristic is its modest 672 sqft living area, which is notably smaller than most homes on its street, in the neighborhood, and across the city. This is reflected in its assessed value of $265k, which sits below local averages.

The primary appeal lies in its accessibility and potential. It represents a lower barrier to entry for homeownership in a well-established area, suitable for a first-time buyer, an investor, or someone seeking a minimalist footprint without a towering mortgage. The nearly 5,000 sqft lot is reasonably sized for the area and offers outdoor space that the home itself does not provide indoors. A thoughtful perspective is that this property may appeal to those who view a home as a foundation to be expanded or updated over time, or who prioritize financial flexibility and location over square footage. Its recent sale history suggests it has been a manageable and stable asset.

Section 2: Frequently Asked Questions

1. Is the low assessed value a good sign for a buyer?
It indicates a lower municipal tax burden and a potentially more affordable purchase price compared to the neighborhood. However, it directly corresponds to the home’s smaller size and older age, so it’s a reflection of value rather than a discount on a typical home.

2. How does the small living area impact livability?
The home requires efficient use of space. It would suit an individual, a couple, or potentially a small family comfortable with cozy quarters. It is significantly smaller than neighboring properties, which is a key practical consideration for viewing.

3. What does the year built (1945) mean for maintenance?
As an 80-year-old home, it likely has classic character but requires a proactive approach to maintenance. Buyers should prioritize a thorough inspection for aging components like plumbing, electrical, and the foundation, while also considering the charm and build quality of its era.

4. The sold price is shown as a range. How can I get the exact figure?
The site provides sold price bands for quick comparison. To obtain the exact historical sale prices, you must request them via email from the site provider, as they manually look up and share this data due to industry restrictions on displaying MLS records directly.

5. The lot is a good size, but the house is small. Is there room to expand?
The lot area of 4,996 sqft is around the city average and provides a tangible asset beyond the home’s walls. While subject to local zoning and permit approvals, the lot does offer the long-term possibility for additions, a garden, or outdoor living space that the interior lacks.