Property Overview: 76 St Vital Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct value proposition in Winnipeg's Pulberry neighborhood. Its key characteristic is a noticeable discrepancy: the house offers an above-average living area (1,303 sq. ft.) for its street, yet carries a well-below-average assessed value compared to both the immediate area and the city. Built in 1927, it is a mature home on a standard-sized lot.

The primary appeal lies in its potential as an entry point or value-driven project. For a buyer comfortable with an older home, it provides more interior space than many neighboring properties at a significantly lower tax-assessment base. This could suit a practical first-time buyer, an investor looking for a rental with a lower carrying cost, or a hands-on owner who sees value beyond the current assessment and is prepared for the maintenance considerations of a near-century-old structure. It’s a property that trades modern updates and a high assessment for immediate square footage and a lower entry point.

A less obvious perspective is its positional stability. While its value metrics are low now, its solid living area relative to the street suggests it’s not an outlier in usefulness, which could provide a floor for future investment. The recent sale history indicates it has changed hands, suggesting it remains a functional and marketable asset within its price segment.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is a municipal calculation for tax purposes, often based on mass appraisal and recent sales. This home’s age (1927), being older than nearly all comparable properties in Pulberry, and its below-average land size for the area are likely key factors contributing to its lower assessment.

2. What are the implications of buying a home built in 1927?
While offering classic charm and established neighborhoods, a home of this age requires diligent inspection. Potential buyers should budget for and investigate updates to major systems like wiring, plumbing, and insulation, and be mindful of maintenance consistent with older construction.

3. The home sold recently in 2022 and 2019. What does that indicate?
The recent sales activity suggests the property is a viable and liquid asset within its market niche. It may attract investors or buyers seeking turnover opportunities, but it also warrants asking why it has changed hands twice in a few years.

4. How meaningful is the "above-average living area" for the street?
This is a relative strength. It means you get more interior space than most direct neighbors, which is a tangible benefit. However, it's essential to see how the layout and condition of that space align with modern living needs.

5. Where can I get verified sale price data for this home?
The site notes that precise sale figures are not displayed publicly due to industry data rules. You can request the exact sale price history by emailing the site administrators, who will provide the information manually.