Property Overview: 90 Wexford Street, Winnipeg
Key Characteristics & Appeal
This 1950s one-storey home sits on a notably large, mature lot of nearly 7,900 square feet in the Vialoux neighbourhood. Its key features include 870 sqft of living space, an unfinished basement, and an attached garage. The appeal here is fundamentally rooted in land value and potential. The property ranks in the top 12% of Winnipeg for lot size, offering a rare amount of private outdoor space for the city—a significant asset for gardening, recreation, or future expansion. Its strong ranking for lot size contrasts with its more modest rankings for living area and assessed value, suggesting the primary value lies in the land itself.
This home would suit a practical buyer looking for a solid foundation in a stable neighbourhood. It’s ideal for a hands-on purchaser who sees potential in the unfinished basement and the possibility to update and personalize the living space over time. The large lot also makes it a compelling option for families desiring room for children to play, or for long-term investors who understand that land is the appreciating component of the property. It represents an entry point into homeownership where the value proposition is the canvas it provides, not necessarily the finished picture.
Frequently Asked Questions
1. What does the "unfinished basement" mean for me?
It provides essential utility space and significant storage, but more importantly, it offers a blank slate. You have the opportunity to finish it according to your own needs, timeline, and budget, potentially adding valuable living space in the future.
2. The house ranks low for living area. Will it feel too small?
At 870 sqft, the main floor living space is compact. However, the unfinished basement offers immediate storage to keep the main level uncluttered, and the very large lot effectively extends your living area outdoors for much of the year.
3. Why is the assessed value ranking lower than the lot size ranking?
This is a key point. The assessment reflects the current state of the entire property. The high lot size ranking indicates a premium asset, while the lower assessment ranking suggests the existing house may be valued below neighbourhood averages. This dynamic often appeals to buyers focused on land value and renovation potential.
4. Is a 76-year-old house a concern?
While the building is seasoned, its age is typical for the area. The essential systems (roof, foundation, plumbing) should be a primary focus for inspection. The positive aspect of an older home like this is often proven, durable construction and established neighbourhood character.
5. Who is this property not suited for?
It is likely not the best fit for someone seeking a modern, move-in-ready home with no projects. Buyers who prioritize immediate, high-end finishes or who do not want to manage any renovations or landscape maintenance may find the property requires more vision and effort than they prefer.