Property Summary
Key Characteristics & Appeal
This home at 95 Victoria Crescent is defined by its exceptional lot size and premium valuation. Its 27,534 sqft property is among the largest on its street (top 5%) and ranks in the top 1% city-wide, offering rare potential for gardens, expansion, or privacy. Built in 1945, it is a mature, established property. With 1,601 sqft of living space, it is comfortably above average for both its immediate street and the wider city. The assessed value of $908k places it in the top 10% on its street and, notably, in the top 1% across Winnipeg, signaling a high-caliber asset in a desirable location.
Its appeal lies in offering a substantial, premium land holding within the city—a increasingly rare commodity. It suits buyers who prioritize space and long-term value over a modern build date, and who appreciate character homes with significant outdoor potential. It’s an ideal fit for those seeking a legacy property, for families wanting extensive yard space, or for value-driven investors focused on top-tier land assets in the Winnipeg market.
Frequently Asked Questions
1. Is the living space small for a home at this price point?
While the 1,601 sqft home is above the city average, the premium is primarily driven by the elite, top 1% land size. Buyers are investing significantly in the property's expansive lot and location, with the house itself offering comfortable but not oversized living quarters.
2. How does the 1945 build year affect the property?
It indicates a well-established, character home that may require updates or maintenance consistent with its age. While newer than many on its street, it is older than most in the broader neighborhood and city, appealing to those who value classic construction but are prepared for potential renovations.
3. The assessed value is in the top 1% city-wide. Does that mean it's overpriced?
Not necessarily. The assessment reflects its extraordinary lot size and desirable location on Victoria Crescent. It confirms the property is a high-value asset within Winnipeg’s market, but the final market price will be determined by current demand, condition, and unique features.
4. What does the "below average" neighborhood ranking for living area mean?
This specific comparison group within the larger Victoria Crescent area consists of homes with an average living area of 2,227 sqft, so this home is smaller than that particular benchmark. However, it remains larger than the averages for both its immediate street and the entire city, providing important context.
5. Why is the land size so significant?
A lot of this scale (over half an acre) within city limits offers unparalleled flexibility. It provides privacy, space for significant landscaping, recreational areas, and potential for future additions like a garage, studio, or pool, which are not feasible on standard city lots.