Property Overview

11 Vance Place is a spacious, well-established two-storey home in Winnipeg's Betsworth area. Built in 1989, it sits on a large, mature lot of over 10,000 sqft. The home offers 2,362 sqft of living space, a finished basement, and an attached garage. Its key appeal lies in its generous proportions, both indoors and on the property, providing a sense of space and privacy that is increasingly rare. The home's rankings indicate it outperforms most comparable properties in its immediate area and across Winnipeg in terms of lot size, living area, and assessed value, suggesting a solid and competitive offering.

This property would best suit buyers looking for a move-in-ready family home with room to grow and entertain, who value established neighborhoods with larger lot sizes over brand-new construction. It’s also a strong candidate for those who appreciate a home with proven value retention and a footprint that stands out in the market.

Key Details & FAQs

Key Characteristics & Appeal:
The home’s standout feature is its scale. The lot size places it in the top 6% of all Winnipeg properties, offering exceptional outdoor potential. Inside, the living area is also in the city’s top 4%, providing ample room for family life. Its high percentile rankings for assessed value (top 8% in Winnipeg) suggest it is viewed as a premium property within its market segment. The appeal is not about being the newest, but about offering more space—both land and interior square footage—than the vast majority of homes. A thoughtful perspective is that this represents a "value of substance" over flash; it’s a home that has matured into its value, with size metrics that are difficult to replicate in newer subdivisions.

Ideal Buyer Profile:
This home is ideal for growing or multi-generational families who need defined spaces and room for kids or hobbies to spread out. It would also suit long-term buyers who see the large lot as a legacy asset for gardening, expansion, or simply enjoying private outdoor space. It’s less suited for those seeking a ultra-modern, low-maintenance property or an urban, walkable lifestyle.

Frequently Asked Questions:

1. What does the "ranking" data actually mean?
The rankings show how this property compares to others. For example, being in the "top 6%" for lot size in Winnipeg means 94% of homes have a smaller lot. It's a quick way to see this home's competitive advantages in key areas.

2. Is a 1989-built home a concern?
While not new, the home is from an era of solid construction and often simpler, more repairable systems. Its rankings show it surpasses 74% of Winnipeg homes in age (i.e., it's newer than most), and a thorough inspection would be key to understanding the condition of its roof, windows, and major mechanicals.

3. How can the lot be so large?
The lot is a hallmark of older suburban planning. This size is uncommon in newer developments, making it a permanent, valuable feature that contributes significantly to privacy, light, and potential uses like gardening or adding a deck or shed.

4. What is the significance of the high assessed value ranking?
Assessing in the top 8% city-wide indicates the municipal assessment—often a benchmark for market value—considers this a high-value property relative to most. This can be a sign of stable or strong underlying value, though the final market price is determined by buyers.

5. What might be less obvious to consider?
The high rankings across lot size, living area, and value suggest a balanced, no-compromise property. However, consider the utility costs and maintenance effort for a home and yard of this scale. Also, the finished basement adds flexible living space, but verify the quality and permits of the work done.