155 Victoria Crescent

Property Summary: 155 Victoria Crescent

Key Characteristics & Appeal

This property presents a compelling mix of space, value, and location. Its most defining feature is the exceptionally large, nearly 30,000 sqft lot, which places it in the top 1% citywide and the top 4% on its own street. This offers rare potential for gardens, expansion, or simply enjoying generous private outdoor space. The home itself, with a living area above both street and city averages, provides solid interior space.

The appeal lies in this unique combination: you acquire a property with an elite-sized lot in a mature area, yet the assessed value remains well above average for Winnipeg and competitive on its immediate street. This suggests a value proposition where the land itself is a significant asset. It would particularly suit buyers looking for a long-term home with room to grow, who value outdoor privacy and potential over a brand-new build, and who are savvy about finding underlying value in established neighborhoods.

Frequently Asked Questions

1. Is the house modern or recently updated?
The data indicates the year built is older than the average on its street and in line with the neighborhood average from the mid-1960s. Buyers should be prepared for a mature home that may require updates or has been partially renovated.

2. Why is the assessed value below the neighborhood average?
The "neighborhood" comparison group likely includes a wide range of properties. The home's value ranking is much stronger on its specific street and citywide, suggesting it's a larger, well-valued property within a potentially diverse and high-value area.

3. What can I do with such a large lot?
Beyond gardening and recreation, a lot of this size (over half an acre) could potentially accommodate additions like a large garage, workshop, or even future subdivision, subject to local zoning and regulations. It's a long-term asset.

4. Does "top 1% citywide for lot size" mean it's in a remote area?
No. The property is on an established street (Victoria Crescent) within Winnipeg. This highlights the rarity of finding a lot this size within the city limits, not in a distant suburb.

5. How does the living area compare to the lot size?
The living area is above average, but the lot is dramatically larger. This indicates the home may have a spacious footprint or could be expanded significantly without compromising the yard, a key point for future renovation plans.