Property Overview: 78 St Vital Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its practicality and position as a more accessible entry point into the established Pulberry neighborhood. Its key characteristic is its compact size, with 744 sqft of living space, which is notably smaller than most homes on its street and in the wider area. Built in 1923, it is a century-old property that offers character and history. The assessed value of $237k is significantly below area averages, reflecting its smaller footprint and age.
The appeal lies in its affordability and lot potential. For the price, a buyer acquires a home on a decent-sized lot (4,498 sqft) in a mature neighborhood, which could suit a first-time buyer, an investor, or someone looking to downsize without leaving the area. It suits a buyer comfortable with a home that may require updates, who values location over square footage, and who sees the below-average price as an opportunity to build equity through renovation or simply as a cost-effective way to own a standalone house. A less obvious perspective is that its smaller size and lower operating costs could align well with a minimalist or environmentally conscious lifestyle, while its age offers a charm not found in newer builds.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value is based on specific metrics, primarily the home's relatively small living area (744 sqft) and its age (built in 1923). Since it is physically smaller and older than the neighborhood averages, its municipal assessment is proportionally lower.
2. What does the "Below Average" ranking for living area actually mean?
The rankings compare this home to similar property types in different scopes. For example, being in the "Top 98%" in Pulberry means that 98% of comparable homes in the neighborhood are larger. It confirms this is one of the smaller homes in the area, which is a key factor in its pricing.
3. How reliable is the last sold price shown (CA$200k–250k in 8/2019)?
The sold price data is compiled from public sources, not the MLS. While it is considered reasonably reliable, it is presented as a range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
4. Is the lot size a redeeming feature?
Potentially. At 4,498 sqft, the lot is smaller than the immediate street average but close to the Winnipeg citywide average. For the right buyer, it offers a manageable outdoor space with room for a garden, patio, or future expansion, which is a valuable asset given the home's compact interior.
5. What type of ongoing costs or considerations come with a home from 1923?
While not detailed in the data, a home of this age typically requires a proactive maintenance approach. Buyers should budget for potential updates to older systems (like plumbing or wiring), consider energy efficiency improvements, and account for the possibility of character-related repairs (original windows, plaster walls, etc.) in addition to standard homeownership costs.