Property Summary: 136 Wexford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic 1950s one-storey home in Winnipeg's Vialoux area, built on a notably large, quiet lot of nearly 7,900 square feet. Its key features include an unfinished basement, a detached garage, and 884 square feet of living space. The primary appeal lies in its generous land size, which is significantly larger than most properties in the city, ranking in the top 12% for lot size across Winnipeg. This presents a substantial opportunity for gardening, expansion, or future development, subject to zoning.
The home suits two main types of buyers. First, it's ideal for a hands-on buyer or renovator looking for a solid, uncomplicated structure on a premium lot, who sees value in the land and the potential to customize the home over time. Second, it could appeal to a value-conscious buyer prioritizing outdoor space and a quiet street over a modern or large interior, willing to take on a home that is older and smaller in exchange for one of the larger plots in the neighborhood.
A less obvious perspective is the home's positioning relative to the market. While the interior size and age are modest compared to local and city-wide averages, the lot is a standout asset. This creates a unique value proposition where the land is the leading investment, and the existing house offers functional living space with the freedom to alter it as needed.
Section 2: Frequently Asked Questions (FAQs)
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What is the true standout feature of this property?
The lot size is the most competitive feature. At 7,882 sqft, it is substantially larger than the typical Winnipeg residential lot, offering rare potential for privacy, outdoor activities, or future projects.
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Who is this home most suitable for?
It is best suited for buyers who value land size and potential over move-in-ready finishes. This includes renovators, those with long-term plans to expand, or anyone seeking ample yard space in the city.
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How does the age and condition of the home factor in?
Built in 1950, the home will likely require updates to mechanical systems, windows, and insulation. The unfinished basement provides a blank slate for development but will need investment to become living space.
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How does its value compare to the neighborhood?
The municipal assessment is relatively moderate for the area. The pricing likely reflects a balance between the valuable lot and the home's need for modernization, presenting a different value equation than a fully updated home on a standard lot.
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What should I consider about the garage and parking?
The detached garage offers secure storage or workshop space. Consider the convenience of accessing it in winter versus an attached garage, and ensure the driveway provides adequate parking for your needs.