Property Overview & Key Characteristics
This 1954-built, one-storey home on Vialoux Drive sits on a notably large, 13,500 sqft lot in Winnipeg. Its primary appeal lies in the exceptional land size, which ranks in the top 3% of all properties in the city, offering rare potential for expansion, gardening, or outdoor living. The home itself is modest at 830 sqft and features a finished basement and a detached garage. Its value is anchored by the land, presenting a "blank canvas" opportunity in a mature neighbourhood. This property would best suit a buyer looking for a long-term project—whether that's a major renovation, a potential future rebuild, or simply enjoying one of the larger private yards available in the area. It’s a practical choice for those who prioritize land over a move-in-ready home, appealing to hands-on owners, multi-generational families planning an addition, or investors with a vision for the property's underlying value.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in its neighbourhood, and across all of Winnipeg. For example, its lot size is in the 97th percentile city-wide, meaning it's larger than 97% of Winnipeg properties. Conversely, its living area is smaller than 87% of homes in the city, clearly highlighting the trade-off between land and current living space.
2. Is the house in good condition for its age?
Built in 1954, the home is 72 years old. While specific condition details aren't provided here, prospective buyers should budget for a thorough inspection. The age suggests that essential systems (roof, plumbing, wiring) may need evaluation or updating, which is a key consideration given the home's renovation potential.
3. What can be done with such a large lot?
The 13,500 sqft lot is the standout feature. Beyond a spacious yard, it may allow for significant additions, the construction of a secondary suite (subject to zoning bylaws), or the creation of extensive outdoor living spaces. The large lot also offers a sense of privacy uncommon in many city settings.
4. How does the assessed value relate to the asking price?
The city's assessed value is $440,000, which is a municipal valuation for tax purposes. The asking price will be set by the seller based on market conditions, the property's unique lot size, and recent comparable sales. The assessment can be a reference point, but the final sale price is determined by the market.
5. What are the less obvious costs or considerations?
Beyond renovation costs, consider the ongoing property taxes, which are based on the assessed value. Additionally, a home of this age on a large lot may have older trees with maintenance needs, and any significant exterior projects (like a new driveway or fencing) will be more costly due to the property's scale. The detached garage also means navigating the elements during Winnipeg winters.