Property Overview: 87 St Vital Road
Section 1: Key Characteristics & Appeal
This well-situated home presents a compelling blend of space, value, and location. With 1,077 sqft of living area, it sits comfortably around the average for both its immediate street and the wider city, offering practical space for a smaller household. Its true standout feature is the 7,198 sqft lot, which is notably larger than most properties on its street and across Winnipeg, providing generous outdoor potential.
The appeal lies in its strong value proposition within its direct vicinity. The assessed value ranks well above the street average, suggesting a home that is maintained or configured in a way that compares favorably to its closest neighbors. This creates an opportunity to own a above-average property on its block without the premium price tag of the larger estate-style homes found in the broader Victoria Crescent neighborhood. It would suit first-time buyers, downsizers, or investors seeking a character home (built in 1960) with a sizable yard in a mature area, offering more land than a typical infill property without venturing into rural or acreage pricing.
A less obvious perspective is its positioning as a "bridge" property. It offers more substantial land than a standard city lot, yet remains manageable and is priced accessibly relative to its immediate surroundings. This could appeal to buyers who value outdoor space for gardening, pets, or future expansion but wish to stay within a established urban community.
Section 2: Frequently Asked Questions
1. How does the property's value compare to nearby homes?
Its assessed value is above the average for St Vital Road, indicating it is a higher-value home on its specific street. However, it is below the average for the larger Victoria Crescent neighborhood, which includes many properties with significantly larger lots and homes.
2. Is the living space smaller than average?
At 1,077 sqft, it is very close to the Winnipeg citywide average for comparable homes. It is typical for its street but is smaller than many homes in the wider Victoria Crescent area, which trends toward larger estates.
3. What does the lot size mean for me?
The lot is over 7,000 sqft, which is larger than approximately 85% of comparable lots citywide. This is a key feature, offering more privacy, yard space, and potential for landscaping, gardening, or additions than a standard city lot.
4. Is a 1960-built home a concern?
The build year is newer than most on its street. As with any home of this age, the condition of major systems (roof, wiring, plumbing, foundation) and updates will be more important than the build date itself. A thorough inspection is recommended.
5. Why is there such a difference between the street and neighborhood rankings?
The home is located on a main artery (St Vital Road) within a neighborhood (Victoria Crescent) that contains many quieter, residential side streets with larger properties. This explains the contrast between its strong standing on its own street and its more modest ranking within the entire neighborhood.