Property Overview
This home at 111 Victoria Crescent presents a compelling mix of established character and standout metrics. Built in 1945, it is an older home on its street and in its neighborhood, yet it excels in space and value on a larger scale. The property's primary draws are its generous proportions and its position within a highly desirable area of Winnipeg.
Key Characteristics & Appeal
The most defining feature is the exceptional lot size of over 27,500 sqft, placing it in the top 5% on its street and the top 1% citywide. This offers rare potential for privacy, landscaping, expansion, or future development, subject to zoning. Combined with a spacious living area of 2,663 sqft (ranking in the top 9% on the street and top 2% citywide), the home provides substantial interior and exterior space.
Its assessed value of $888,000 reflects this, ranking in the top 12% on the street and an elite top 2% citywide. This indicates a premium property in a premium location. The appeal lies in owning a home with land value and interior space that far exceed typical Winnipeg benchmarks, all within an established, high-ranking neighborhood.
This property would best suit buyers who value land above all else and see potential in an older home. It's ideal for those seeking a legacy property with room to grow, who are prepared for the maintenance or modernization a 1945 home may require. It appeals to the long-term investor, the large family wanting space, or the buyer looking for a standout asset in a prime location.
Frequently Asked Questions
1. The home was built in 1945. How does that affect its value?
While the build date is older than most on the street and in the neighborhood, the property's elite rankings in lot size, living area, and assessed value show that these physical attributes significantly outweigh the age factor in its overall valuation.
2. The assessed value is much higher than the street average. Why?
The assessed value is a function of the property's exceptional characteristics—specifically its very large lot and above-average living space—compared to others. It's not just the house, but the land it sits on that commands this premium, placing it in a different tier even within a desirable street.
3. Who is the typical buyer for a property like this?
The buyer is likely one who prioritizes land and location over a move-in-ready modern home. They may be planning a significant renovation, an addition, or simply value the privacy and established setting. It suits a buyer making a long-term play based on asset value and potential.
4. What are the less obvious things to consider with such a large lot?
Beyond maintenance, consider future property tax implications based on the high assessment, potential subdivision or development opportunities (checking local zoning is essential), and the cost of updating older infrastructure (like water lines or septic, if applicable) that services a larger parcel.
5. The rankings show "Elite" citywide but "Around Average" for year built on the street. What does that mean?
It confirms you are looking at an older, character home in a mature neighborhood. Its greatness isn't in being new, but in offering a combination of space and location that is exceptionally rare across the entire city. You're buying into the street's established prestige while owning one of its most substantial parcels.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.