Property Overview: 3174 Vialoux Drive
Section 1: Key Characteristics & Appeal
This is a well-maintained, spacious bi-level home built in 1974, situated on a large, approximately 6,600 sqft lot in Winnipeg. Its key features include a fully finished basement, an attached garage, and 1,247 sqft of living space. The home’s primary appeal lies in its established neighbourhood setting and its generous lot size, which offers ample outdoor space—a relative rarity that provides room for gardening, play, or future expansion.
The property presents a compelling value proposition. Its current assessed value is $480,000, yet it last sold for $550,000 in August 2022, suggesting a market history of strong buyer interest. The data indicates it ranks highly city-wide for both lot size (top 21%) and past sale price (top 11%), meaning it outperforms most Winnipeg homes in these key metrics. This combination of a large yard, finished living space, and a history of solid value makes it particularly suited for growing families, first-time buyers seeking a starter home with room to grow, or value-oriented buyers looking for a property with tangible equity and potential in a mature area.
Section 2: Frequently Asked Questions
1. What is the practical benefit of the lot size ranking?
The lot is larger than 79% of properties in Winnipeg, which translates directly to more private outdoor space, better potential for additions like a deck or shed, and often a greater sense of privacy compared to homes on smaller, newer lots.
2. The home was built in 1974. What should I consider?
While the home has been maintained, a build year of 1974 means essential systems (like roof, windows, plumbing, and electrical) are likely not original but should be carefully inspected for age, condition, and updates to plan for future maintenance.
3. How should I interpret the difference between the assessed value and the 2022 sale price?
The assessed value ($480k) is for municipal tax purposes. The 2022 sale price ($550k) is a historical market benchmark. This gap highlights that the market has recently valued the property’s specific features (like the lot) higher than the standard assessment formula. It’s a strong starting point for understanding its market appeal.
4. What does the "bi-level" design mean for daily living?
A bi-level typically features a split entry, with living areas spread over two main levels above grade and the finished basement adding significant space. This layout offers good separation of spaces (e.g., bedrooms from living areas) but involves frequent use of short staircases.
5. The neighbourhood rankings vary—what’s the takeaway?
The home ranks in the top 21% city-wide for lot size but 46th percentile for age. This tells you that while the property itself is a standout in size, the surrounding neighbourhood is a mix of homes of similar vintage, offering a consistent, established community character rather than a newly developed area.