Property Overview

This 1972 four-level split home on Vialoux Drive presents a compelling opportunity in Winnipeg's real estate market. Its primary appeal lies in the combination of generous, mature lot size and well-proportioned living space, offering a sense of established privacy that is increasingly rare. With over 11,900 square feet of land, the property ranks in the top 4% of all Winnipeg lots by size, providing exceptional outdoor potential for gardening, recreation, or future expansion. The nearly 1,750 sqft of finished living area, which ranks within the top 17% city-wide, is spread across multiple levels, offering natural separation of living and sleeping areas that suits family life or those who appreciate distinct zones for work, leisure, and hosting.

The home would particularly suit buyers looking for a long-term family home with room to grow outdoors, or value-driven purchasers who see potential in the solid foundation of a good-sized lot and a classic split-level layout. It’s a property for someone who prefers the character and space of an established neighborhood over a new-build on a smaller lot, and who is comfortable with a home that has a history and may benefit from personalized updates over time. The high land value relative to the assessed price suggests the underlying property is a significant asset.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in its community, and across all of Winnipeg. For example, its land size is better than 96% of properties in the city, making it exceptionally large. The home's age and assessed value rankings are more moderate, indicating a typical home for its era on a premium piece of land.

2. Is a four-level split layout efficient?
This style offers clear separation between living areas (often on the main and upper levels) and recreational or utility spaces (on the lower levels), which many find ideal for family living or entertaining. The trade-off is that it involves more stairs than a bungalow or two-story home.

3. What are the implications of a 1972 build year?
Homes from this era often feature solid construction and good room sizes. Buyers should budget for potential updates to major systems like roofing, windows, or the furnace, which may be nearing the end of their service life, and consider an inspection to assess condition.

4. The assessed value is $512,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is set by the seller based on the current market and can be higher or lower than the assessment.

5. What is the potential here for a buyer?
The standout feature is the lot. The home itself has above-average living space for Winnipeg. The potential lies in enjoying the extensive outdoor space immediately while making interior updates to suit your taste over time. The lot itself represents a long-term holding value that likely underpins the property's worth.