Property Overview: 115 Wexford Street, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a compelling blend of space, modernity, and value within its context. Its key strength lies in its exceptionally large lot of over 16,000 sqft, which places it in the top 2% of all Winnipeg homes for land size. This offers rare potential for gardening, expansion, or simply enjoying substantial private outdoor space. The home itself, built in 1998, is notably newer than most in the area, offering modern construction standards while likely avoiding the premium of a brand-new build.

The appeal is rooted in its balanced positioning. With 1,342 sqft of living space, it is comfortably above average for its specific street and on par with the city-wide average, suggesting a practical, family-friendly layout. The assessed value for taxes is significantly higher than the city average, which often correlates with a well-maintained or upgraded property in a desirable location. This creates a profile of a home that feels spacious and contemporary on its street, sits on a standout lot, and holds solid value city-wide.

This home would suit buyers looking for a established yet relatively modern home without sacrificing yard space. It’s ideal for those who value privacy and outdoor potential over a downtown location, and for families or individuals seeking a property that outperforms its immediate neighbors on key metrics like age and lot size, offering a sense of getting more for their investment.

Section 2: Frequently Asked Questions

1. What does the high tax assessment ranking mean?
A high assessment relative to neighbors and the city typically indicates the municipal assessor views the property as having above-average value, often due to improvements, size, or condition. While it suggests a well-regarded property, it also means property taxes will be correspondingly higher.

2. The home is newer than most on the street. Are there any trade-offs?
A 1998 build offers modern wiring, insulation, and materials. However, on a street with older homes, the architectural character might differ. It’s worth considering if the modern practicality aligns with your aesthetic preference for the neighborhood.

3. The lot size is in the top 2% city-wide. What are the implications?
Beyond privacy, a lot this size (approx. 0.37 acres) means higher maintenance for lawns/gardens and potentially higher costs for landscaping or fencing. It also represents significant future potential, whether for adding a structure like a garage or workshop, or simply as a long-term asset.

4. How should I interpret the "close to average" rankings for the community (Vialoux)?
This suggests the property is a very typical fit for the broader community in terms of living space and value. You’re not overpaying for the area, nor are you getting an outlier. It indicates the home is competitively positioned within its larger neighborhood market.

5. Why is the living area only "close to average" for the city, but the lot size is exceptional?
This highlights the property’s specific character: it offers a premium in land rather than in sheer interior square footage. It’s ideal for buyers who prioritize outdoor living space, potential for expansion, or the feeling of a generous setting over having a maximized interior floor plan.