105 St Vital Road

Property Summary

Key Characteristics & Appeal

This home at 105 St Vital Road presents a compelling mix of space, value, and location. With 1,536 sqft of living space, it is notably larger than the average home on its street and across Winnipeg, offering ample room for a growing family or those who appreciate spacious interiors. The nearly 7,600 sqft lot is a significant asset, ranking within the top 13% city-wide, providing generous outdoor space that is increasingly rare in urban settings.

Its primary appeal lies in its value proposition. The property’s assessment value is comfortably below both the community and city averages, suggesting a potentially manageable property tax burden relative to the space offered. Built in 1962, it is newer than many homes on its immediate street, which may indicate updates or a favorable maintenance timeline.

This property would suit practical buyers looking for a "more house for your money" scenario—first-time buyers seeking to maximize space, or downsizers who want a manageable home without sacrificing yard size. It’s a grounded choice for someone prioritizing square footage and lot size over a premium neighborhood address, as it sits in a community (Victoria Crescent) where it is one of the more modestly assessed homes.

Frequently Asked Questions

1. How does the property tax assessment compare?
The home’s assessed value is close to the average for both St Vital Road and Winnipeg overall, but it is significantly lower than the average for the wider Victoria Crescent community. This suggests your tax bill should be reasonable compared to the city, but you are not paying the premium associated with some larger estates in the area.

2. Is the lot size a major advantage?
Yes. The lot is over 7,600 sqft, which is larger than 87% of properties in Winnipeg. This is a standout feature for gardening, recreation, or future expansion, especially when paired with a home that already has above-average living space.

3. The home was built in 1962. What should I consider?
While newer than many on its specific street, a home from this era will likely have had several systems updated over time. A thorough inspection is key to understand the condition of the roof, plumbing, electrical, and insulation. Its age also means it has classic, sturdy construction but may have a layout that differs from modern open-concept designs.

4. Why is the ranking so different between the street and the community?
This highlights the property’s positioning. On its own street, it ranks well for size and age. However, Victoria Crescent is a broader community that includes many larger, higher-value estates. This home offers the benefits of the location without the price tag of its most expensive neighbors, representing a more accessible entry point.

5. What’s the most important perspective when viewing this home?
Focus on the balance. You are getting a home with more interior space and a larger yard than most in the city, at an assessment value that is not excessive. The trade-off is that it is a more modest offering within its immediate community. The value is in the tangible assets (sqft, lot) rather than prestige.