Property Overview: 137 Salme Drive

Key Characteristics & Target Buyer

This home presents a compelling mix of space, land, and value within a well-established neighborhood. Its primary appeal lies in its generous scale, both in living area and lot size, which stands out significantly when viewed in the broader city context. With 2,368 sqft of living space, it ranks within the top 4% of all Winnipeg homes, offering substantial interior room. The nearly 1/3-acre lot (15,154 sqft) is an even more distinctive asset, placing it in the top 2% city-wide, providing exceptional outdoor potential.

Within its immediate Victoria Crescent community and on Salme Drive itself, the property is more "in-line" with local averages for size, age (built in 1968), and tax-assessed value (~$620,000). This creates an interesting dynamic: you are acquiring a home that is comfortably typical for a desirable, mature area, yet its components are considered premium on a city-wide scale. The tax assessment being notably lower than the street and community averages may indicate a value opportunity relative to its neighbors.

This property would best suit buyers who prioritize space and land over a brand-new build. It’s ideal for a family seeking room to grow indoors and out, or for anyone valuing a large, private yard in a settled neighborhood. It appeals to the practical buyer who recognizes the worth of an established, spacious home on a premium lot, without the premium price tag often found in newer subdivisions.

Frequently Asked Questions

1. How does the tax assessment value compare to likely market value?
The home's assessed value for taxes is approximately $620,000, which is below the average for both its street ($720k) and community ($793k). This suggests the assessment may be conservative, but market value will be determined by recent sales, condition, and buyer demand. It's a positive indicator that the property isn't over-assessed relative to its location.

2. Is a 1968-built home a concern?
The build year is typical for the area. The key consideration isn't the age itself, but how major systems (roof, windows, plumbing, electrical, HVAC) have been maintained or updated. A thorough home inspection is essential to understand the property's current condition and any upcoming capital expenses.

3. What does the large lot size mean for me?
A lot in the top 2% of the city offers rare potential. Beyond gardening and play space, it allows for future possibilities like a sizable addition, a pool, or extensive landscaping. It also provides a greater sense of privacy and likely contributes to long-term value retention in the neighborhood.

4. The rankings show "close to average" locally but "excellent" city-wide. What does this mean?
This highlights the character of the Victoria Crescent area. You are looking at an established neighborhood where larger homes on sizable lots are the norm. You're buying into that consistent, high-quality standard rather than an outlier. The city-wide ranking confirms that this local standard is, in fact, a premium offering compared to most of Winnipeg.

5. Where can I see how this home directly compares to its neighbors?
For a visual, side-by-side comparison of this home with others on the street regarding specific metrics like living area, lot size, and build year, you can use the dedicated "Open Surrounding Map Analysis" tool mentioned in the full report.