Property Overview
This 848 sqft home, built in 1954 on a 4,000 sqft lot in Victoria West, presents a practical and value-conscious opportunity. Its assessed value of $279k sits notably below the Winnipeg average, positioning it as an accessible entry point into the city's real estate market. The appeal here is rooted in balance and potential: while the living space is compact, it is efficiently sized for the neighborhood and offers a manageable footprint. The home suits first-time buyers seeking a solid starter home, practical downsizers looking for lower maintenance without leaving the community, or value-focused investors attracted by the below-average entry cost for the area. A less obvious perspective is that a home of this vintage and scale on a standard lot offers a "right-sized" canvas for modern, efficient upgrades without the overwhelming scope or cost of a larger, older character home.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 848 sqft, the living area is smaller than the average home on its street but is quite typical for the wider Victoria West neighborhood, where the average is 976 sqft. It offers a compact, efficient layout.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $279k provides a baseline for municipal taxation. It is below both street and city averages, which often reflects the home's smaller size and can indicate a value opportunity, but the final sale price will be determined by market conditions, the home's state, and buyer demand.
3. What does the 1954 build year mean for maintenance?
Built in 1954, the home is newer than many on its street but is still 70 years old. Buyers should budget for updates to major aging systems (like plumbing, electrical, or roofing) that are common for homes of this era, while potentially avoiding some of the more extreme maintenance issues of pre-war properties.
4. Is the lot size sufficient for adding an extension or garage?
The 4,000 sqft lot is smaller than the average for the street but standard for the neighborhood. Any expansion would need to respect zoning bylaws and setback requirements. While possible, space is not abundant, so creative design would be key.
5. Who would this property be most suitable for?
This home is ideally suited for buyers prioritizing location and value over sheer space. It's a strong candidate for a first-time buyer, a downsizer, or an investor looking for a manageable property in a central neighborhood without a premium price tag.