Property Overview
This 950 sqft home, built in 1954 on a 4,199 sqft lot, presents a practical and affordable entry point into Winnipeg’s Victoria West neighborhood. Its assessed value of $266k is notably below the street average, signaling a value proposition amidst larger, higher-valued homes. The appeal lies in its manageability and location—offering a home that is easier to maintain and heat than many larger properties, while still providing a solid lot size typical for the area. It suits first-time buyers, downsizers, or pragmatic investors seeking a lower-cost foothold in a central neighborhood without the burden of a massive renovation project or premium price tag. A thoughtful perspective is that this home represents the "bones" of the area—a modestly-sized, mid-century property that is actually closer to the neighborhood norm in both size and value than the grander, more expensive homes on its street might suggest.
Frequently Asked Questions
1. Is this a small home?
It depends on the context. At 950 sqft, it’s below the city-wide average but is very close to the typical size for Victoria West (976 sqft). On its own street, which features larger homes, it is comparatively smaller.
2. Why is the assessed value so much lower than the street average?
The $266k assessment is significantly below the street average of ~$444k, primarily reflecting the home’s more modest size and likely different characteristics compared to larger, potentially renovated properties on the block. This creates a value opportunity.
3. What does the year built (1954) indicate?
Built in 1954, this home is newer than many on its street (average year built 1936) but is a typical mid-century build for Winnipeg. Buyers should anticipate systems and components common to that era.
4. Is the lot size a pro or a con?
The 4,199 sqft lot is very standard for Victoria West. It provides adequate outdoor space without the extensive upkeep of a much larger city lot, which can be a practical advantage.
5. Who would this property not suit?
It may not suit buyers seeking a large, move-in-ready home with ample space for a growing family, or those looking for a property at or above the city-wide average for living area.