Property Overview: 14 Vincent Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 14 Vincent Street in Maybank presents a specific and compelling profile. Its key characteristic is a notable contrast: it sits on a modest, below-average lot (1,889 sqft) but holds an assessed value that is significantly above average for its immediate street. Built in 1954, it is one of the oldest homes on Vincent Street, which can imply a well-established, stable neighbourhood character.

The appeal lies in its efficiency and potential value proposition within its micro-market. The living area (888 sqft) is manageable and below the city average, suggesting a lower-maintenance footprint that could suit first-time buyers, downsizers, or investors. The above-average assessment for the street, despite the smaller lot and living space, hints at the home being well-maintained, updated, or simply holding a premium position on the block.

This property would best suit a practical buyer who prioritizes location and neighbourhood stability over sheer size. It’s a candidate for someone looking to enter the market with a manageable property, or for an investor seeking a character home in an established area without the upkeep of a large yard. The data suggests you’re buying more into the street itself than into expansive private space.

Section 2: Frequently Asked Questions

1. Why is the assessed value above average for the street when the lot and living space are below average?
This often indicates the property is in better condition, has seen more recent updates, or possesses intangible location advantages on the block compared to its immediate neighbours. The assessment reflects the city’s opinion of its market value relative to others nearby.

2. What does the sold price history ("CA$200k–250k" in 2021) tell me?
It provides a historical benchmark, showing the home traded within that range four years ago. This is a starting point for understanding market movement, but current value will be influenced by market conditions, interest rates, and any changes made to the property since then.

3. How significant is the smaller lot size?
It means less outdoor maintenance, which is a plus for many. However, it also limits potential for large additions, pools, or extensive landscaping. Your enjoyment will depend on whether you prefer a low-maintenance yard or desire significant private outdoor space.

4. The home is older than most on the street. Should I be concerned?
An older build date (1954) can mean character and solid construction, but it also necessitates a thorough inspection. Pay close attention to the age and condition of major systems like roofing, plumbing, wiring, and the foundation, as updates may be needed.

5. How do I find out the exact past sold price?
The exact sale price is not public record in Manitoba. As noted on the listing, you must request it directly from the listing service (by email) to get the precise figure, as they only display broad ranges publicly.