Property Overview
This home at 223 Whittier Avenue W in Victoria West presents a compelling blend of space, location, and established character. Its primary appeal lies in offering above-average dimensions within a sought-after neighborhood, all at a municipal tax assessment that is notably reasonable for the area.
Key Characteristics & Appeal
The 1,124 sqft living space and 5,090 sqft lot are both consistently larger than the immediate street and community averages, placing the property in the top 15-20% locally. This suggests a home with more room than many of its neighbors, potentially including larger rooms, better layout, or more outdoor space. Built in 1962, it is a newer construction compared to many heritage homes in Victoria West, which may mean fewer concerns with extremely aged infrastructure while still offering mature charm.
A significant point of appeal is the financial profile. The tax assessment of $327,000 ranks in the top 12% on its street and in Victoria West, but this reflects a lower value than the city-wide average for comparable homes. This indicates you are getting a property that is highly regarded within its specific, desirable location, yet the city's assessment—which influences property taxes—is not inflated. It points to a potentially efficient balance of value and tax liability.
This property would suit buyers looking for a spacious, established home in a prime inner-city neighborhood without the premium price tag of a heritage-century home. It’s ideal for those who prioritize indoor and outdoor space over a brand-new build, and for fiscally mindful buyers who appreciate that its assessed value is strong locally but moderated in the broader city context.
Frequently Asked Questions
1. What does the tax assessment ranking actually tell me?
It indicates that the city's assessed value for this home is higher than most on its street and in Victoria West, placing it in the top tier locally. However, compared to the entire city, the assessment is closer to the average. This often suggests a desirable location where property values are strong, but the specific home may be assessed on a more moderate scale than newer or larger homes elsewhere in Winnipeg.
2. The home was built in 1962. What should I consider?
While newer than many area homes (ranking in the top 10% locally for year built), a 60-year-old home will have systems and components at or beyond their typical lifespan. A thorough inspection is essential to evaluate the roof, wiring, plumbing, windows, and major appliances. The upside is that it may have undergone more modern updates than earlier-century homes.
3. How significant is the lot size?
At over 5,000 sqft, the lot is larger than about 85% of those in Victoria West. This offers valuable outdoor space for gardening, recreation, or expansion in a neighborhood where lots are often smaller. It's a key differentiator for privacy and potential.
4. The living area is above local average but below the city average. Why?
This is common for established inner-city neighborhoods. Homes in newer suburban developments often have larger open-concept floor plans, inflating the city-wide average. This home's living space is actually spacious for its specific, mature community, which is the more relevant comparison for daily living.
5. Are these rankings a guarantee of value?
No, they are a useful comparative snapshot based on public data. They show how this property measures up statistically in key categories against its peers. Final market value is determined by current condition, updates, market trends, and buyer demand, which a professional appraisal and viewing will determine.