151 Wexford Street

Property Overview

This 1935-built one-storey home on Wexford Street presents a unique blend of established character and significant potential. Its primary appeal lies in its exceptionally large, 11,830 sqft lot, which places it in the top 4% of all properties in Winnipeg for land size. The home itself is a modest 1,145 sqft bungalow with a finished basement and a detached garage. Recent sales history shows steady appreciation, with the last sale in 2022 at $320,000, now holding a municipal assessment of $347,000.

The property suits two main types of buyers: those seeking a long-term family home with unparalleled space for gardens, play, or future expansion in the city; and value-driven investors or renovators who see the underlying value in the land itself. Its appeal is less about the current structure—which is older and ranks low in its area for modernity—and more about the rare opportunity to own a vast, private parcel in a mature neighbourhood. It’s a property where the real value is underfoot, offering a canvas for someone willing to update or eventually re-imagine the living space.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in its neighbourhood (Vialoux), and across all of Winnipeg. For example, its land size ranks in the top 4% city-wide, meaning it's larger than 96% of properties. Conversely, its 1935 build year is older than 83% of Winnipeg homes, indicating an established, mature setting.

2. Is the large lot usable or is it an odd shape?
While the listing doesn't specify the lot dimensions, a plot of nearly 12,000 sqft in a city neighbourhood is substantial. It's wise to verify the exact layout and any potential easements, but this size typically allows for generous backyard space, room for additions, or landscaping projects rarely possible on standard lots.

3. The home is older—what should I budget for updates?
Built in 1935, prospective buyers should prioritize inspections for foundational integrity, roofing, plumbing, and electrical systems. While the basement is finished, the age suggests that major systems may need attention or updating. Budgeting for essential repairs before cosmetic updates is a prudent approach.

4. Why did the assessed value increase significantly since the 2022 purchase?
The municipal assessment rising from a $320,000 sale price to $347,000 likely reflects broader market trends and, crucially, the enduring premium placed on very large lots within Winnipeg. Assessments consider property value relative to area sales, and the unique lot size is a key factor here.

5. Who is the ideal buyer for this specific property?
This property is ideal for a buyer who values outdoor space and long-term potential over a move-in-ready modern home. It perfectly suits a family wanting a huge yard, a hands-on owner looking to gradually renovate a character home, or a strategic buyer who views the land itself as the primary appreciating asset.