Property Overview: 89 St Vital Road
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1960, presents a compelling mix of value and opportunity on a generous 7,198 sqft lot. Its primary appeal lies in its strong positioning within its immediate locale. The home boasts an above-average assessed value and a larger-than-standard lot for St Vital Road, suggesting it is a well-regarded property on its street. For a buyer, this means you’re acquiring an asset that stands out in its direct neighborhood in terms of value and land size.
The property is ideally suited for first-time homeowners, downsizers, or practical investors seeking a solid entry into the market. It offers a manageable living space without sacrificing outdoor potential. A thoughtful perspective is that this home exists in a transition zone: it feels premium compared to its street neighbors but is notably more modest than the larger, often newer homes in the wider Victoria Crescent area. This creates a unique value proposition—you get the benefits of a desirable neighborhood address while the property itself represents a more accessible, low-maintenance footprint. The lot size is a significant asset, offering ample room for gardening, expansion, or simply enjoying private outdoor space that exceeds city norms.
Frequently Asked Questions
1. Is this property a good value compared to others nearby?
The data suggests it is a strong value on its specific street (St Vital Road), where it ranks in the top 23% by assessed value. However, it's important to note that the wider Victoria Crescent neighborhood consists of much larger properties on average, so its value is comparatively lower in that broader context.
2. What does the lot size mean for potential future use?
At over 7,000 sqft, the lot is substantially larger than average for both the street and the city. This provides excellent potential for additions like a garage, a sizable shed, or landscape features. It’s always essential to verify zoning bylaws and setback requirements with the city before planning any major changes.
3. The home was built in 1960. What should I consider?
While newer than many on its street, a 1960s build warrants a thorough inspection. Key focus areas should include the condition of the roof, foundation, plumbing, and electrical systems. This era also presents an opportunity for thoughtful, character-preserving updates.
4. How does the living space compare to typical homes?
At 1,040 sqft, the living area is very close to the average for both St Vital Road and Winnipeg overall. It is, however, significantly smaller than the typical home in the Victoria Crescent neighborhood, which averages over 2,200 sqft. This indicates a cozy, efficient layout rather than an expansive one.
5. Why is there such a big difference between the street and neighborhood averages?
This highlights the micro-neighborhood dynamic. St Vital Road appears to be a corridor of more modest, older homes. Victoria Crescent, as a statistical area, likely includes many sprawling properties on large lots, pulling the neighborhood averages up dramatically. This property offers a foothold in that area at a different scale.