53 Salme Drive

Property Overview: 53 Salme Drive

Key Characteristics & Appeal

This home presents a compelling profile defined by its exceptional lot and premium valuation within a well-established neighborhood. Its primary appeal lies in the substantial 32,319 sqft property, which ranks in the top 1% citywide, offering rare space and privacy for Winnipeg. While the 2,149 sqft living area is average for Victoria Crescent, it is notably above the citywide average, situated within a solidly built 1966 structure.

The property’s assessed value of $1.36M is its most striking feature, placing it in the elite top 1% of the city and the top 10% of the neighborhood. This indicates a premium valuation driven by factors beyond just square footage, likely including the expansive lot, location, and the home’s finishings or unique character. It suits buyers seeking a established, high-value property with ample outdoor space—ideal for those prioritizing land over a maximized interior footprint relative to the street. It’s a home for someone who values a legacy-sized lot in a mature area and understands they are acquiring an asset that stands out significantly in the broader market.

Frequently Asked Questions

1. Is the house smaller than others on the street?
Yes, the living area is slightly below the street average. However, it is larger than the typical Winnipeg home and is complemented by a lot size that is more than double the street average.

2. Why is the assessed value so high compared to neighbors?
The assessed value reflects the property as a whole, not just the house. The premier lot size, which is in the top 1% citywide, is a major contributing factor, along with the home’s condition, features, and its position in a desirable neighborhood.

3. What does the 1966 build year mean for maintenance?
Built in 1966, the home is older than many on its street. Buyers should anticipate potential updates common for homes of this era, but it is perfectly average for the neighborhood and city overall. A thorough inspection is recommended.

4. How does the lot size compare practically?
At over 32,000 sqft, the lot is exceptionally large. This translates to significant potential for gardening, recreation, additions, or simply enjoying generous privacy and green space—a rare find in the city.

5. Is this a good investment for resale?
The property is already in an elite valuation tier. Its value is anchored by its irreplaceable lot. Future appreciation will be tied to the premium market segment and overall neighborhood trends, rather than just average home price movements.