Property Overview
This 890 sqft property at 103B-3416 Vialoux Drive in Winnipeg presents a specific and compelling value proposition. Its key appeal lies in offering above-average space within its immediate locale at a below-average city-wide tax assessment value.
Key Characteristics & Ideal Buyer
The home’s standout feature is its generous living area relative to its neighborhood. At 890 sqft, it ranks in the top 3% on its street and within the Vialoux community, where the average comparable home is 857 sqft. While this size is close to the Winnipeg average, it represents significant space efficiency for the area. Built in 1979, it is typical for its immediate surroundings but slightly older than the city-wide average build year of 1990.
The most notable financial characteristic is its assessed value for taxes, which is approximately $146,000. This is near the average for its street and community but falls significantly below the Winnipeg average of $256,000, ranking in the top 89% (meaning 89% of homes are assessed higher). This suggests a potentially lower property tax burden compared to many city homes.
This property would suit a practical, value-conscious buyer looking to maximize interior space within a specific budget, particularly someone prioritizing square footage over a newer build or a premium city-wide assessment. It’s also a sensible option for those familiar with and committed to the Vialoux neighborhood, where it offers a size advantage over most direct peers.
Frequently Asked Questions
1. What does the "top 3%" ranking for living area actually mean?
It means that within Vialoux Drive and the broader Vialoux community, this home's 890 sqft living area is larger than approximately 97% of comparable properties. You are getting more interior space than most homes in this specific locale.
2. The tax assessment is much lower than the city average. Is that good or bad?
It primarily indicates a lower baseline for calculating annual property taxes, which is a positive for ongoing ownership costs. It does not directly predict the market selling price, which can be influenced by many other factors.
3. The home was built in 1979. Should I be concerned about major repairs?
As a home from the late 1970s, key components like the roof, windows, furnace, and major systems may be at or nearing their typical lifespan. A thorough inspection is essential to understand the condition and any upcoming capital expenses, which is typical for homes of this age.
4. The rankings show it's "average" for its street but "below average" city-wide. How should I interpret that?
This highlights the property’s hyper-local context. It fits right in with its immediate neighbors on Vialoux Drive in terms of assessed value and age. The "below average" city-wide ranking reflects that more expensive homes exist in other parts of Winnipeg, not that this home is an outlier in its own community.
5. What’s the main takeaway from these data points?
The data frames this as a home that offers a space advantage in its neighborhood while carrying an assessment value that is modest by broader city standards. The trade-off is a home that is typical for its area in age and value, not a newer or more highly assessed property in the city’s context.