3182 Vialoux Drive

Property Overview

This 1974-built, one-storey home on a spacious 6,597 sqft lot offers a practical and comfortable living space. Its key appeal lies in its established, quiet neighbourhood setting and its recent market performance, having sold for $520,000 in August 2024—a figure notably above its current assessed value. The 1,334 sqft home features a finished basement and an attached garage.

The property suits buyers looking for a move-in-ready, single-level home with a large yard, ideal for small families, downsizers, or first-time buyers seeking a balance of space and manageability. Its strong city-wide rankings for lot size and recent sale price suggest it holds solid value in the broader Winnipeg market. A thoughtful perspective is that while its interior square footage is modest relative to the lot, this presents an opportunity for future expansion or outdoor living space, a valuable asset not reflected in the basic stats.

Frequently Asked Questions

1. How does the recent sale price compare to the assessment?
The home sold for $520,000 in August 2024, which is approximately 14% higher than its current assessed value of $456,000. This indicates strong buyer demand for the property in the recent market.

2. What are the property's competitive strengths in the area?
Its greatest strengths are its lot size, ranking in the top 21% city-wide, and its recent sale price, which ranked in the top 15% for Winnipeg. This suggests the property is perceived as offering good value for its land and location.

3. Is the home's age a concern?
Built in 1974, the home is over 50 years old. While this is reflected in its middle-of-the-pack rankings for age, the recent sale and finished basement show it has maintained marketable condition. A standard home inspection is always recommended.

4. Who might this home not suit?
It may not suit buyers seeking a very modern, open-concept layout or those needing extensive above-grade square footage, as the living area is functionally sized but not among the largest in the city.

5. What do the neighbourhood rankings indicate?
Within its immediate community, the property ranks strongest for lot size. Its rankings for value and living area are around the community average, indicating it is a fairly typical but well-situated home in the area.