121 Wexford Street

Property Overview

This 1,184 sqft one-and-a-half storey home on a large 8,285 sqft lot presents a classic and practical offering in Winnipeg. Built in 1954, it features a finished basement and a detached garage. Its key appeal lies in the substantial lot size, which ranks within the top 10% of all properties in Winnipeg for land area, offering significant outdoor space and potential. The home itself is positioned as a solid, move-in-ready baseline, ranking around the middle of its local market for size and value. It would suit first-time buyers, downsizers, or practical investors looking for a manageable home with above-average outdoor space in an established neighborhood, without the premium price of a newly renovated property. A thoughtful perspective is that while the house is older, the generous lot is a permanent asset that provides room for gardens, play, or future expansion, something newer subdivisions often lack.

Key Details & FAQs

Key Characteristics & Appeal:

• Generous Lot: The nearly 8,300 sqft lot is a standout feature, offering more private outdoor space than 90% of Winnipeg homes.
• Established Home: A classic 1954 layout with a finished basement adds usable living space. The detached garage provides flexible storage.
• Market Position: The property is priced and assessed as a competitive, mid-range home in its local area, offering value through its land rather than high-end finishes.
• Ideal For: Buyers prioritizing lot size over a modern build. It's a practical choice for those who value space for hobbies, gardening, or future projects, and are comfortable with the character and maintenance considerations of a well-kept older home.

Frequently Asked Questions:

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in its neighborhood, and across all of Winnipeg. For example, its land size is better than 90% of Winnipeg homes, while its build year is older than 71% of them, giving a quick snapshot of its strengths (space) and context (age) in the market.

2. Is the finished basement included in the 1,184 sqft living area?
Typically, the main and upper floor square footage is reported as the living area. The finished basement is an additional bonus space, adding functional rooms like a rec room or extra bedrooms not reflected in that 1,184 sqft figure.

3. What are the considerations with a 1954 home?
While offering charm and established neighborhoods, buyers should budget for potential updates to systems like plumbing or electrical, and consider energy efficiency. A thorough home inspection is essential to understand the home's condition.

4. How does a large lot impact costs and upkeep?
A large lot means more yard maintenance (mowing, landscaping) which requires more time or expense. It also presents opportunities like gardening or adding structures (shed, deck), but always check local bylaws for permits.

5. Why is the assessed value a useful metric here?
The assessment ($391,000) is the city's estimate of its value for tax purposes. It being in line with or slightly below the asking price can indicate the listing is grounded in the official valuation, not just aspirational pricing.