Property Overview & Appeal
This 1958 two-storey home in Victoria West offers a compelling blend of established neighbourhood character and above-average space. Its key appeal lies in its substantial scale: at 1,810 sqft of living area on a near 7,000 sqft lot, it provides significantly more room than most homes in the immediate area and across Winnipeg. This is a property for buyers who prioritize interior space and a larger yard over a newer build. The renovated basement adds functional living area, and the detached garage offers flexibility.
The home suits growing families, multi-generational households, or anyone seeking a spacious canvas in a mature, sought-after neighbourhood. Its high rankings for lot and living area size within Victoria West—a top 1% position—suggest a rare find for the location. A thoughtful perspective is that while the home is 68 years old, its assessed value sits comfortably in the middle range for the street, potentially indicating room to add value through updates while being priced fairly for its current condition.
Frequently Asked Questions
1. How does the home’s age affect maintenance?
Built in 1958, the core systems (roof, wiring, plumbing) are likely not original but should be a key focus of a home inspection. The renovation to the basement is a positive update, but the overall maintenance profile is that of a mature, well-built home.
2. Is the lot size a major advantage?
Yes. At 6,998 sqft, the lot is larger than 99% of properties in Victoria West. This offers exceptional outdoor space for gardens, play, or expansion, and is a defining feature that is difficult to replicate in this neighbourhood.
3. What does the "renovated basement" typically mean for a home of this era?
It usually indicates the basement has been finished into livable space, such as a rec room, additional bedrooms, or a suite. It’s important to confirm the quality of the renovation, whether proper permits were obtained, and if moisture management has been addressed.
4. The assessed value seems low compared to the home’s size. Why?
Municipal assessed value for taxation purposes often lags behind market value and is based on mass appraisal formulas. It doesn’t fully capture recent renovations or current market demand. The sale price will be determined by what buyers are willing to pay for this specific home’s space and location.
5. How does this home compare to others on the street and nearby?
It is notably larger in both living area and land size than most comparable homes on Yale Avenue and in Victoria West, as shown in the "related homes" list. This suggests it may command a premium for space, but direct comparisons on price per square foot with smaller, older homes on the street may not be straightforward.