Property Overview
This well-situated home at 93 St Vital Road presents a compelling mix of value and potential. Its key appeal lies in its strong position relative to its immediate street, offering above-average land size and assessed value for the area. With 1,104 sqft of living space built in 1960 on a 7,198 sqft lot, it sits comfortably within city-wide averages but tells a more nuanced story locally.
Key Characteristics & Ideal Buyer
The property’s standout feature is its substantial lot, which is larger than most on its street and across Winnipeg, offering valuable outdoor space or future expansion potential. Its assessed value ranks in the top 15% on St Vital Road, suggesting it is a premium offering on this particular strip. However, the home exists within the Victoria Crescent neighborhood, which is characterized by much larger properties and higher values; here, it serves as a more accessible entry point into the area.
This home would suit a practical buyer who values space and location over sheer size. It’s ideal for a first-time buyer or downsizer seeking a manageable home with a generous yard in a established neighborhood, without the premium price tag of the area's largest estates. It also appeals to the value-conscious investor or renovator who sees potential in improving a solid, above-average asset on its block.
Frequently Asked Questions
1. Is this a good value for the street?
Yes. The property’s assessed value is significantly above the street average (top 15%), indicating it is considered a higher-quality asset on this road, even though the home itself is around the average size for the area.
2. How does the lot size compare?
The lot is a major advantage. At over 7,000 sqft, it is larger than most lots on its street and ranks in the top 15% city-wide, offering excellent outdoor space relative to many Winnipeg homes.
3. The neighborhood average living area is much larger. Does that matter?
It provides important context. The Victoria Crescent area overall has larger homes, so this property is on the more modest end for the neighborhood. This can mean a lower price point to enter the area but may also indicate a different character or density on this specific stretch of St Vital Road.
4. What does the "Below Average" neighborhood ranking for value mean?
It means the home’s assessed value is lower than the typical, much larger property in the broader Victoria Crescent neighborhood. This isn’t necessarily negative; it reflects this home’s different scale and likely makes it more affordable within a desirable area.
5. Is a 1960 build date a concern?
The build date is newer than the average on its street, which suggests it may have updates or a construction advantage over some direct neighbors. As with any home of this era, a thorough inspection is recommended to understand the condition of major systems and structure.