Property Overview: 136 St Vital Road, Winnipeg
Key Characteristics & Appeal
This home is defined by its impressive scale and historic character. Built in 1911, it offers over 2,100 sqft of living space, which ranks it in the top 2% of homes on its street and well above averages for the Pulberry neighborhood and Winnipeg overall. This substantial size is its most standout feature, offering room for large families, home offices, or flexible living arrangements.
The appeal lies in owning a notably spacious property in a mature area, often a rarity in this price segment. While its assessed value is aligned with city and neighborhood averages, the sold price suggests a market premium was paid, likely reflecting the value buyers place on its generous square footage and potential. The lot size is standard for the street but smaller than some in the wider area.
This property would best suit a buyer who prioritizes interior space over a new build, and who appreciates the character and established streetscape of a century-old home. It’s ideal for those not daunted by the maintenance considerations of an older house but who want a footprint larger than typical modern constructions in the area. It represents a trade-off: exceptional interior size for its location, balanced against the age of the property.
Frequently Asked Questions
1. Why is the sold price higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind the current market. The sold price reflects what buyers were recently willing to pay, which in this case likely acknowledges the premium for the home's above-average living area.
2. What are the implications of the home being built in 1911?
It offers classic charm and sturdy construction, but potential buyers should budget for updates and diligent maintenance. Key systems like plumbing, electrical, and insulation may have been modernized, and an inspection is crucial to understand the condition and any needed investments.
3. How does the lot size compare?
At just over 5,600 sqft, the lot is average for St Vital Road but below the neighborhood average. This means outdoor space is adequate but not expansive, focusing the property's advantage on its interior square footage rather than its yard.
4. Is the property a good investment compared to the neighborhood?
Its living area ranks significantly higher than its value ranking, which can be appealing. This suggests you are acquiring more house per dollar relative to area norms, though this must be weighed against update costs for an older home.
5. How stable is the value on this street?
The home’s assessed value is above the street average, and recent sales on the street have commanded strong prices. This indicates St Vital Road is a stable, desirable location within Pulberry, with this particular home positioned as one of the larger offerings.