Property Summary: 167 Wexford Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-established, spacious bi-level home built in 1986, situated on a large, mature lot of over 7,600 square feet in the Vialoux area. Its key features include a fully finished basement, a split garage, and a functional living space of 1,170 sqft. The home’s primary appeal lies in its balance of space, established neighborhood character, and solid value positioning. It ranks notably high city-wide for its lot size and assessed value, suggesting a property that offers more land and perceived value than many in Winnipeg.

The property would suit practical buyers looking for room to grow, both inside and out, without the premium of a brand-new build. It’s ideal for a young family seeking a stable community with room for kids to play, or for value-conscious buyers who appreciate a home with a large yard and the potential to personalize over time. A less obvious perspective is its appeal to those who prioritize a strong relative value—owning a property that outperforms a high percentage of the market in key metrics like lot size and assessment—over having the newest home on the block.

Section 2: Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, ranking in the top 13% city-wide for lot size means the yard is significantly larger than most in the city, a major asset.

2. Is a 40-year-old home a concern?
While systems will require regular maintenance, the home ranks newer than 70% of Winnipeg houses, indicating it’s in a cohort of relatively younger, post-1980s construction. A thorough inspection is always advised to understand the condition of the roof, windows, and mechanicals.

3. Who benefits most from a bi-level layout?
Bi-levels offer good separation of living and sleeping areas. This layout suits families who like defined spaces, as well as those who might utilize the finished basement as a separate rec room, home office, or teen suite.

4. The assessment is $471,000. Does that set the expected price?
Municipal assessments are for tax purposes and reflect a mass appraisal value from a prior date. They are a useful benchmark—showing the home is valued above most in the city—but the market sale price is determined by current conditions, recent comparable sales, and the property's specific presentation.

5. What are the trade-offs with such a large lot?
The expansive yard is a major perk for gardening, play, or future additions like a shed or deck. The trade-off is the responsibility for more landscaping, maintenance, and snow clearing compared to a property with a smaller lot.