Property Summary: 429 Victoria Avenue W, Winnipeg
Key Characteristics & Appeal
This 768 sqft home, built in 1955 on a 4,949 sqft lot, presents a compelling value proposition within Winnipeg’s Victoria West neighborhood. Its primary appeal lies in its strong positioning within the immediate community. While the living space is notably compact compared to broader averages, the property’s assessed value ranks significantly above the neighborhood average (Top 16%), suggesting a premium attached to its specific location. This indicates you are investing more in the land and the area’s desirability than in sheer square footage.
The home would suit first-time buyers, downsizers, or value-oriented investors seeking an entry point into a well-regarded neighborhood. It’s for those who prioritize location and lot size over a large interior, and who see potential in a smaller, manageable footprint that may be more efficient to maintain and heat. A less obvious perspective is that its below-average living area, paired with an above-average neighborhood value ranking, could represent a relative affordability opportunity for the area, or indicate a home ripe for a strategic expansion if the lot permits.
Frequently Asked Questions
1. Is the house unusually small?
Yes, at 768 sqft, the living area is below the average for Victoria Avenue West, the Victoria West neighborhood, and Winnipeg overall. It is a compact home.
2. Why is the assessed value relatively high for the neighborhood?
Despite the smaller size, the property’s assessed value ranks in the top 16% for Victoria West. This typically reflects the desirability of the specific location, the lot size (which is above the neighborhood average), and market values for the immediate area.
3. How does the lot size compare?
The 4,949 sqft lot is larger than the average lot in the Victoria West neighborhood, offering more outdoor space than many nearby properties.
4. What does the "Top X%" ranking mean?
It shows how this property compares to similar homes in a given area. For example, ranking in the "Top 16%" for value in the neighborhood means 84% of comparable homes have a lower assessed value.
5. Is this an older home?
Built in 1955, it is around the average age for its street and city, but is newer than the average home in the broader Victoria West neighborhood.