Property Overview

This home at 37 St Vital Road in Winnipeg's Norberry neighbourhood presents a balanced offering, with its standout feature being the generous lot size. Built in 1956, the 1,035 sqft house sits on an 8,558 sqft parcel of land, which is notably larger than most comparable lots in the immediate area, on a city-wide scale, and within the neighbourhood itself. Its assessed value of $362k is moderately above the local average for similar homes. Recent sale history shows the property sold in May 2022 for an estimated $400k-$450k, following a previous sale in June 2019 for $250k-$300k.

Key Characteristics & Appeal

The primary appeal of this property lies in its land. The lot size is consistently in the top 11-13% when compared to neighbouring and city-wide properties, offering significant outdoor space that is increasingly rare. This makes it an ideal canvas for buyers who value gardening, outdoor recreation, or future expansion potential. The house itself, with average-sized living quarters for the area, suits those looking for a manageable footprint without sacrificing yard space.

This home would best suit a practical buyer who sees value in land over sheer interior size. It's a strong match for a young family seeking room for children to play, a hobbyist gardener, or a long-term buyer who views the large lot as a strategic asset in a neighbourhood of smaller properties. The price point and classic 1950s build suggest it may also appeal to value-conscious purchasers comfortable with the maintenance or update projects typical of a home of this age.

Frequently Asked Questions

1. Is the lot size unusual for this area?
Yes. The land area of 8,558 sqft is substantially larger than the average for the street, Norberry, and Winnipeg as a whole, placing it in the top 11-13% of comparable properties. This is the home's most distinguishing feature.

2. How does the assessed value compare to recent sale prices?
The property is assessed at $362k. It last sold in May 2022 for an estimated $400k-$450k, which was a premium over the local average at that time. This suggests the market has previously valued this property above its assessed value and local norms, potentially due to its large lot.

3. What does the sale history indicate about the property's market performance?
The jump in sale price from an estimated $250k-$300k in mid-2019 to $400k-$450k in mid-2022 indicates strong appreciation over that three-year period, aligning with broader market trends of that time.

4. Is the living space smaller than average?
The living area is 1,035 sqft, which is slightly below the average for St Vital Road and Norberry (approx. 1,104-1,112 sqft) and more noticeably below the Winnipeg city average. The trade-off is the significantly larger lot.

5. How can I get the exact historical sale prices?
The displayed prices are estimated ranges. To obtain the exact sale figures, you must request a manual lookup via email through the SaveOnHouse website. They do not publish MLS data directly due to industry regulations.