Property Overview: 3165 Vialoux Drive
Key Characteristics, Appeal & Ideal Buyer
This is a substantial, well-established two-storey home built in 1980, situated on a large, private lot of over 15,400 square feet in Winnipeg. Its primary appeal lies in its generous proportions and established presence. With 2,820 square feet of finished living space, including a developed basement, the home offers significant room for a growing or multi-generational family. The property's standout feature is its exceptional lot size, which ranks in the top 2% of all properties in Winnipeg, providing rare space for gardens, recreation, and expansion.
The home’s appeal is further underscored by its strong market performance. A recent sale in 2023 at $950,000, significantly above the current assessed value, indicates strong buyer demand for this specific combination of large home and premium lot. Rankings show it consistently outperforms the vast majority of comparable homes in its street, neighborhood, and the entire city in terms of living space, lot size, and value.
This property would best suit buyers looking for a long-term family home with ample indoor and outdoor space, who value privacy and the potential to customize or expand over time. It is ideal for those who appreciate an established, mature neighborhood setting and have the vision to update a 1980s-era home to modern standards while capitalizing on its irreplaceable land asset.
Frequently Asked Questions
1. What is the true value, given the difference between the assessed value and recent sale price?
The current assessment is $897,000, but the home sold for $950,000 in August 2023. This suggests the market values the property's unique lot size and spacious layout higher than the municipal assessment, which often lags behind rapid market shifts. Buyers should consider the recent sale price as a stronger indicator of current market value.
2. Are there any concerns with a home built in 1980?
As with any home over 40 years old, a thorough inspection is essential. Key systems like the roof, windows, plumbing, and electrical may be nearing or past their typical lifespan and should be evaluated. However, this era of home is often known for solid construction and roomy floor plans.
3. What makes the lot size so significant?
At 15,403 sq ft, the lot is exceptionally large for Winnipeg, placing it in the 98th percentile. This offers uncommon potential not just for privacy and landscaping, but for future additions like a large deck, workshop, or even a secondary suite (subject to zoning and permits).
4. The home ranks very high for space but lower for age. What does this mean?
This indicates that while the home itself is not new, its sheer living area (2,820 sq ft) is a rare and premium feature that outweighs its age for many buyers. You are purchasing space and land that is increasingly hard to find, in a structure that may require thoughtful updates.
5. What is the neighborhood like?
The home ranks in the top 15% of its community for both lot size and living area, suggesting it is one of the larger, more premium properties in a well-established neighborhood. The high rankings imply a stable area of desirable, family-oriented homes.