Property Overview
This 1951-built, one-storey home on a large 11,835 sqft lot in Vialoux offers a distinct value proposition. Its primary appeal lies in the exceptional lot size, which ranks in the top 4% of all properties in Winnipeg, providing rare potential for expansion, gardening, or outdoor living. The home itself is modest at 905 sqft and includes a finished basement and a detached garage. While the house is older and its living area is below average for the area, its assessed value ranks highly within its immediate street and neighborhood. This property suits practical buyers looking for a solid foundation in a quiet area, particularly those who prioritize land over a large existing footprint and are willing to invest in updates over time. It’s a long-term play for an owner who values space and potential more than move-in-ready perfection.
Frequently Asked Questions
1. What does the lot ranking actually mean?
The ranking indicates that this property's land area is larger than 96% of all residential lots in Winnipeg, making it a truly standout feature for the city and offering uncommon space for a single-family home.
2. The house is older and smaller than average. Where is the value?
The value is primarily in the land itself. The assessment rankings suggest that even with a modest home, the total property value is competitive because of the lot's size and location. It represents an opportunity to own a significant piece of land, with the existing house serving as a starting point.
3. Is the finished basement included in the 905 sqft living area?
No, typically the listed "living area" refers to above-ground, finished space. The 905 sqft is the main floor area, and the finished basement provides additional usable space separate from that figure.
4. The "newness" rankings are low. Should I be concerned?
The rankings confirm the home is one of the older ones in the area. This isn't unexpected for a 1951 build. Buyers should budget for maintenance and updates consistent with a home of this age, but this is often reflected in the pricing, allowing entry into a desirable lot.
5. Who would this property not suit?
It may not suit buyers seeking a modern, low-maintenance home or those needing substantial interior space immediately. The appeal is geared toward those who see the long-term potential of the land and are comfortable with a project, whether now or in the future.