Property Summary: 2 Vermette Place, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in River Park South presents a compelling mix of value and established community living. Built in 1990, it is newer than most Winnipeg homes. Its key appeal lies in its generous, above-average lot size of over 8,100 sqft for the neighborhood, offering significant outdoor space that is increasingly rare. While the living area (1,224 sqft) is modest compared to immediate neighbors, it is squarely average for the wider area and city, suggesting a efficient, manageable layout.
The property’s assessed value of $498k sits above averages for both the neighborhood and the city, indicating perceived stability and desirability. However, its recent sold price range (CA$450k–500k) suggests it may offer relative value within its tier. This home would suit first-time buyers or downsizers seeking a lower-maintenance interior space paired with a substantial yard for gardening, pets, or recreation. It’s also a practical choice for value-conscious buyers who prioritize land size and a mature, established neighborhood over a larger house footprint.
Section 2: Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. The living area is below the street average. This typically means a more efficient layout and potentially lower utility costs, but it’s important to verify if the space meets your needs.
2. Why is the assessed value higher than the recent sold price?
The assessed value is for municipal tax purposes and reflects a provincial estimate. The sold price is the market value agreed upon by a buyer and seller. The range suggests the market may value it slightly below its tax assessment, which could represent an opportunity.
3. What does the large lot size mean practically?
With a lot size ranking in the top 8% for River Park South, you have more private outdoor space than most in the area. This allows for expansions like a shed, deck, or garden that might not be possible on standard lots.
4. How does the year built affect the home?
Built in 1990, the home is past the 30-year mark when major components (roof, HVAC, windows) may need attention or updating. A thorough inspection is advised, but its age is still newer than the typical Winnipeg home.
5. Where can I get the exact sold price history?
Due to data licensing rules, exact sold prices are not published on this site. You can request the exact figures via email from the provider, who will manually look up and send the verified transaction history.