174 Wexford Street

Property Overview: 174 Wexford Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a classic one-and-a-half storey character property built in 1912, situated on a notably large, deep lot of nearly 7,900 square feet in the Vialoux neighbourhood. Its key appeal lies in a blend of vintage charm and clear potential. With 1,332 square feet of living space, it offers more room than many comparable older homes in Winnipeg. The property includes an unfinished basement and a detached garage.

Its primary strength is the generous lot size, which ranks in the top 12% citywide, offering exceptional outdoor space for gardening, play, or future expansion—a rarity for inner-city neighbourhoods. The home itself presents a solid foundation, likely appealing to buyers with a vision for updates or a gradual renovation project. It would suit a practical buyer who values space over turn-key perfection, such as a handy homeowner, an investor looking for a property with strong land value, or a family seeking an affordable entry into a mature area with room to grow. The 2019 sale price suggests it has been a value-oriented property, and its current assessed value indicates room for added value through improvements.

Section 2: Frequently Asked Questions

1. What does the "relative ranking" data mean?
The rankings compare this property against others on its street, in Vialoux, and across all of Winnipeg for metrics like lot size and age. For example, its lot size is larger than 88% of all Winnipeg properties, a major advantage. Conversely, its 1912 build date means it's older than most, which is important for renovation planning.

2. Is the house in move-in condition?
The listing notes an unfinished basement and does not mention recent renovations. Given its age and the fact that key systems (like roof, plumbing, electrical) are not highlighted as updated, buyers should budget for modernizations and plan for a thorough inspection.

3. Why is there a discrepancy between the 2019 sale price and the current assessment?
The 2019 sale was at $220,000, while the current assessed value is $304,000. This increase reflects general market appreciation and the property's underlying value, particularly its large lot. It does not, however, indicate that $304,000 in upgrades have been made.

4. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (over 1/6th of an acre) is a long-term asset. It provides flexibility for adding a garage, workshop, or garden suite (subject to zoning), and typically holds its value well. Property taxes will also be influenced by this land value.

5. What should I consider about a 114-year-old home?
Character comes with considerations. While the structure has proven durable, anticipate needs like updating insulation, windows, and mechanical systems. The unfinished basement offers a blank slate for development but may also reveal the home's original foundation and require moisture management solutions. A pre-purchase inspection is essential.