Property Summary: 39 Victory Place, Varennes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home at 39 Victory Place presents a compelling opportunity in Winnipeg's Varennes neighborhood. Its primary appeal lies in its strong standing within its immediate community. The property features a 1,157 sqft living space and a 4,705 sqft lot, both of which rank above average for Victory Place street itself. Notably, the 1947 build year is the oldest on the street, suggesting a classic, established character and potential for original charm not found in newer builds nearby.
The home’s assessed value of $306k is above the street average, indicating it is already recognized as a premium property on its block. This creates an interesting dynamic: while the home feels spacious and valuable compared to its direct neighbors, it remains notably below the Winnipeg city average for assessed value, offering a more accessible entry point into a stable area. This property would ideally suit a buyer who values a sense of established community and lot size over a brand-new build, and who appreciates a home that stands out positively on its own street while still being competitively priced within the wider city.
Section 2: Frequently Asked Questions
Q: How does this home really compare to others in the area?
A: The data shows it's a standout on its own street (Victory Place), ranking highly for lot size, assessed value, and age. It's more average when compared to the entire Varennes neighborhood, and sits below the city average for living area, which suggests it's a comfortable, mid-sized home in a community of similar properties.
Q: The build year is 1947. Does that mean it will need major updates?
A: While being the oldest home on the street, it's only one year older than the street average. This typically indicates a uniform, mature neighborhood. The condition of major systems (roof, wiring, plumbing) would be the key focus, rather than the age itself, as many homes nearby are from the same era.
Q: Is the assessed value a reliable indicator of the selling price?
A: The assessed value is for municipal tax purposes. That it ranks 4th highest out of 28 on the street suggests it is perceived as a higher-value property on the block. However, the final sale price will be determined by the current market, recent upgrades, and interior condition.
Q: The lot is above average for the street but average for the neighborhood. What does that mean?
A: It means you're getting a larger-than-typical yard compared to the homes directly around you, which is a private advantage. The overall neighborhood has similar lot sizes, so you won't be an outlier, but you will have one of the more generous plots on your specific block.
Q: What is the main takeaway from the ranking data?
A: This home offers a strong position within its micro-location (the street), which often impacts daily living and pride of place more than citywide comparisons. It suggests you are buying into one of the more established and desirable properties on a stable, mature street.