Property Overview & Key Characteristics
This one-and-a-half storey home in Victoria West, built in 1945, presents a practical opportunity in a mature neighbourhood. Its key appeal lies in its combination of a renovated basement, a living area that is notably spacious for the street (ranking in the top 12%), and a generous 4,000 sqft lot. While the home itself is older, its assessed value ranks solidly in the top third citywide, suggesting a well-maintained property relative to its age. The detached garage adds functional value.
The property would suit a first-time buyer or a downsizer looking for a character home with established roots in a central community. It’s particularly appealing for those who prioritize interior space and a larger yard over a newer build, and who see potential in a home that has already seen some updates, like the basement. The data indicates it offers more interior square footage than many direct neighbours, which is a less obvious but significant advantage in this area.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 1,134 sqft, the living area is larger than most on its street (top 12%) and in the Victoria West neighbourhood (top 20%), offering more interior space than many comparable older homes in the area.
2. What does the assessed value ranking tell me?
With an assessed value ranking in the top 35% in Winnipeg and top 30% in the neighbourhood, it suggests the property is maintained at a standard that compares favorably to a broad range of homes across the city, not just older ones.
3. Is the lot size typical for the area?
The 4,000 sqft lot is a good size, ranking in the top half of the street. It provides ample outdoor space, which is a valued feature in established central neighbourhoods.
4. The home was built in 1945. What should I consider?
While the renovated basement is a positive update, the core structure is 81 years old. A thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, and electrical systems.
5. How does it compare to newly built homes in value?
The data shows a clear trade-off: comparable newly built homes in neighbourhoods like Kern Park have significantly higher assessed values. This home offers location and lot size at a different value point, prioritizing established community character over modern construction.