Property Overview: 122 Wexford Street, Winnipeg
Key Characteristics & Appeal
This 1991-built, two-storey home sits on a large, approximately 7,883 sqft lot in the Vialoux neighbourhood. Its key strength lies in its above-average proportions and modern ranking across several metrics. With over 2,000 sqft of living space, it offers more room than the vast majority of homes in Winnipeg, and its finished basement adds functional living area. The property ranks highly for its size, assessed value, and relative newness compared to local and city-wide housing stocks, suggesting a well-positioned and competitive offering.
The appeal is grounded in space and value. It suits buyers looking for a established home without the maintenance concerns of an older property, who prioritize interior square footage and a sizable yard. It’s ideal for a growing family or anyone needing multiple living areas. A thoughtful perspective is that while the home is not new, its 1991 build date places it in a sweet spot—likely incorporating modern layouts and systems, yet situated on a larger lot that is harder to find in newer subdivisions. The attached garage and finished basement add practical, year-round functionality for Winnipeg living.
Potential Buyer FAQs
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, community, and all of Winnipeg. For example, ranking better than 92% of Winnipeg homes for living area means it is notably larger than most. This data helps gauge the home’s relative standing on key metrics.
2. Is a 35-year-old home a concern?
Built in 1991, the home is past its initial builder warranties but is also well-established. Major components like the roof, windows, and heating system may be at or entering their replacement phases, so a thorough inspection is advised to understand the property’s current condition and upcoming maintenance.
3. Who might this home not suit?
Buyers seeking a brand-new, move-in-ready home with no anticipated updates, or those wanting a smaller, low-maintenance yard, might find other options more fitting. The size and lot require a commitment to upkeep.
4. How does the lot size benefit me?
At nearly 7,900 sqft, the lot is significantly larger than many found in newer developments. This offers ample private outdoor space, potential for gardening, play areas, or future additions like a deck or shed, with more distance from neighbours.
5. What’s the significance of the high assessment value ranking?
Ranking higher than 94% of Winnipeg homes for assessed value indicates the municipal assessment views this as a comparatively high-value property. It generally reflects the home’s size, condition, and location, but it’s important to note that market value can differ from the assessed value for tax purposes.