Property Overview & Key Characteristics

This 1964-built bi-level home at 3146 Vialoux Drive sits on a large, mature lot of over 7,500 square feet in Winnipeg. With 1,404 square feet of finished living space, including a developed basement, it offers a practical layout for family living. The home's recent sale in late 2023 for $555,000, above its current assessed value, suggests a well-maintained property in a stable market.

Its primary appeal lies in its established neighbourhood setting and the generous outdoor space—a relative rarity that provides room for gardening, play, or future expansion. The rankings provided indicate it outperforms most Winnipeg homes in terms of lot size and overall value, while being more average within its immediate community for living space and age. This positions it as a solid, "bones-good" property rather than a modern showcase.

This home would suit a practical buyer looking for space and value over newness. It's ideal for a young family seeking a move-in-ready home with room to grow outdoors, or for value-conscious buyers who appreciate the character and larger lot sizes of established neighbourhoods and are comfortable with a home from the 1960s. It may also appeal to those who see potential in a bi-level's defined separation of living and sleeping areas.

Frequently Asked Questions

Q: What does the ranking data actually tell me?
A: It shows how this property compares to others. Notably, its lot size is in the top 13% city-wide, a significant advantage. Its overall assessed value also ranks highly (top 14%), suggesting good value retention for its age, though it's more average within its own community.

Q: Is a 1964 bi-level a concern?
A: Not inherently. Homes from this era are common in Winnipeg. The key is the maintenance and updates done over time. The fact it sold recently above assessment could indicate positive updates. A thorough inspection is always recommended to understand the condition of major systems.

Q: What are the pros and cons of a bi-level design?
A: Pros include a clear separation between living areas (often on the upper entry level) and private sleeping areas (typically on the lower level), which can be great for family living. Cons can include having to navigate stairs immediately upon entry and the potential for less natural light on the lower level.

Q: The lot is large. What are the implications?
A: Beyond space for activities, a large lot offers future potential like adding a garage, shed, or deck. It also generally provides more privacy and distance from neighbours. Consider that it may require more time and effort for maintenance like lawn care and gardening.

Q: Why did it sell for more than its assessed value?
A: Municipal assessments are for taxation and can lag behind the current market. A sale price above assessment often reflects factors like recent improvements, desirable lot size, market conditions at the time of sale, and the property's overall move-in readiness, which buyers are willing to pay a premium for.