Property Overview
This 1915 two-and-a-half storey home at 764 Victor Street is a standout property in Winnipeg's Daniel McIntyre neighbourhood. Its primary appeal lies in its exceptionally generous proportions, both in living space and land size, within a well-established inner-city community.
Key Characteristics & Ideal Buyer
The home’s most defining feature is its 2,805 sqft of living area, which places it in the top 1% of homes on its street, in the neighbourhood, and citywide. This is complemented by a large 3,836 sqft lot, ranking in the top 2% on Victor Street. While the home’s 1915 vintage means it requires an appreciation for character and potential upkeep, it has a renovated basement. Notably, its assessed value of $270k is modest relative to its size, suggesting a value proposition based on square footage. It last sold in May 2023 for $350k.
This property would best suit buyers looking for substantial space—ideal for a large family, a multi-generational setup, or someone needing a home office/studio—without venturing into suburban new-build prices. It appeals to those who value a mature neighbourhood with larger, classic homes and are comfortable with the realities and charm of a century-old property. The combination of a top-tier lot size and living area, paired with a mid-range assessment, creates a unique profile: it’s a spacious urban anchor rather than a luxury finish home.
Frequently Asked Questions
Q: How does the assessed value compare to the recent sale price?
A: The home was last sold for $350k in May 2023, which is significantly higher than its current $270k assessed value. Assessments are for taxation purposes and can lag behind market values, especially after recent sales.
Q: What does the "top 1%" ranking for living area actually mean?
A: It means this home has more living space than 99% of comparable properties on Victor Street, in the Daniel McIntyre neighbourhood, and across the entire city. It is exceptionally large for its context.
Q: Is the land size typical for the area?
A: No. At 3,836 sqft, the lot is in the top 2% on its street, meaning it is substantially larger than most of its immediate neighbours, offering more outdoor space and potential.
Q: What are the implications of the home being built in 1915?
A: As a century-old home, it likely possesses character details but may also require diligent maintenance, updates to older systems (like wiring or plumbing), and energy efficiency upgrades. Its age is older than the citywide average but typical for its historic neighbourhood.
Q: There is no garage listed. Is parking available?
A: The listing specifies no garage. Parking would likely be via on-street parking or possibly a rear laneway, which is common for homes of this era in Winnipeg. This is an important consideration for potential buyers.