Property Overview: 14 Vermette Place, Winnipeg
Key Characteristics & Appeal
This 1,436 sqft home, built in 1989, sits on a notably large lot in Winnipeg's River Park South neighborhood. Its primary distinction is the land itself: at 11,449 sqft, the lot size ranks in the top 2% of the neighborhood and top 4% city-wide, offering exceptional outdoor space potential that is rare for the area. The home presents a balanced profile—its living area is average for the neighborhood and city, while its assessed value of $530,000 is above average for both, indicating the property is valued higher than many peers, likely influenced by the substantial lot.
The appeal lies in this combination of a solid, average-sized family home paired with a premium, expansive yard. It suits buyers who prioritize outdoor space for gardening, recreation, or future expansion over having a larger interior footprint. It’s a practical choice for those seeking a established neighborhood character, as the street and home are typical for the late-1980s period. The property may particularly resonate with value-conscious buyers who see the long-term potential in the land itself, or families wanting ample play space without moving to a rural area.
Frequently Asked Questions
1. How does the home’s size compare to others on the street?
While the living area (1,436 sqft) is slightly below the street average, the lot size is above the street average. This suggests a trade-off common for the property: more outdoor space relative to indoor space compared to some neighbors.
2. Why is the assessed value above the neighborhood average?
The assessed value ranks higher than most homes in River Park South. This is likely due to the combination of the home's characteristics and, most significantly, the very large lot size, which is a key value driver in urban settings.
3. What is the recent sales history for this property?
Public records indicate it last sold between October 2016 for a price in the CA$400k–450k range. For fully verified and exact historical sale figures, a manual lookup through the site’s service is required.
4. Is the lot size truly unusual for the area?
Yes. The data shows the lot is over twice the neighborhood average (5,447 sqft) and significantly larger than the city average. This "elite" ranking for land area is the property's most standout feature.
5. What does the "around average" ranking for year built mean?
Built in 1989, the home is typical for its street and slightly newer than the Winnipeg city average. It falls within a common construction period for the neighborhood, meaning systems and structure are of a familiar vintage for the area, which can simplify inspections and renovations.