Property Summary: 175 St Vital Road
Key Characteristics & Appeal
This well-situated home on St Vital Road presents a compelling blend of space, value, and location. Its primary appeal lies in its generous, nearly 10,000 sqft lot, which ranks in the top 4% on its street, offering exceptional outdoor potential in a mature setting. The 1,176 sqft living space is practical and compares favorably to the immediate area. Built in 1961, it is newer than many neighboring homes, suggesting potentially fewer immediate updates.
The property stands out for its assessed value, which is significantly above the street average, indicating strong perceived value relative to its direct peers. This creates an interesting dynamic: it's a premium home on its own block but sits below the neighborhood average for Victoria Crescent, which consists of larger, higher-value properties. This makes it an attractive entry point into a desirable area.
It would suit buyers looking for a substantial lot with room to grow, garden, or expand, without the footprint or price tag of a massive house. It’s ideal for a practical homeowner who values outdoor space over sheer interior square footage and appreciates a home that offers solid value within its immediate community.
Frequently Asked Questions
Q: How does the lot size compare to typical city lots?
A: The lot is exceptionally large for the city, ranking in the top 6% in Winnipeg. At 9,898 sqft, it's over 50% larger than the city average for comparable homes.
Q: The assessed value seems high for the street but low for the neighborhood. What does this mean?
A: This indicates the property is one of the more valuable on St Vital Road (top 6%), but Victoria Crescent as a whole includes much higher-value homes. You're getting a well-regarded property on its block, within a broader, more affluent area.
Q: Is the living area considered small?
A: It depends on the scope. It's slightly above the average for its street, but below the average for the wider Victoria Crescent neighborhood, which has larger homes. City-wide, it's around average. It's a reasonably sized home for its street.
Q: What does the "Elite" ranking for land area signify?
A: It means this property's lot size is among the very largest on St Vital Road, outperforming 96% of comparable homes on the street. This is its most standout statistical feature.
Q: The home was built in 1961. Is that older or newer than surrounding homes?
A: It is newer than the average home on St Vital Road, where the typical build year is 1955. It is very close to the average for both the Victoria Crescent neighborhood and the city overall.