Property Overview: 516 Victoria Avenue W, Winnipeg
Key Characteristics & Appeal
This 1957-built home on Victoria Avenue West presents a practical opportunity in Winnipeg's Victoria West neighborhood. Its key appeal lies in its position as a modest, established property that stands out for its efficient use of space and lot. At 908 sqft, the living area is notably compact compared to the city average, which may appeal to those seeking a lower-maintenance interior without the footprint of a larger home. The assessed value of $310k is above the neighborhood average but sits around the city average, suggesting a stable investment in a well-regarded area.
The lot size of 4,598 sqft is consistent with the local neighborhood scale. A thoughtful perspective is that while the home itself is smaller, the lot provides a balanced outdoor space that is manageable yet offers room for gardening, play, or future expansion—a valuable combination in an established urban area. This property would suit first-time buyers looking for an entry point into a mature neighborhood, downsizers seeking a simpler layout, or pragmatic investors attracted by the below-average maintenance demands of a smaller structure and its valuation stability within the community.
Frequently Asked Questions
1. Is this a small house?
Yes, at 908 square feet, the living area is smaller than most homes in Winnipeg and on Victoria Avenue West itself. This is the defining characteristic of the property, offering a cozy, efficient layout.
2. Why is the assessed value higher than the neighborhood average?
While the home is compact, its assessed value of $310k reflects its location within the desirable Victoria West area. The value is bolstered by the neighborhood's overall appeal, even though the structure itself is more modest than many surrounding properties.
3. How does the lot size compare?
The lot is 4,598 sqft, which is very close to the neighborhood average. This means you get a fairly typical yard size for Victoria West, offering a good balance between outdoor space and low maintenance.
4. What does the "Above Average" ranking for year built in the neighborhood mean?
Built in 1957, this home is newer than many in Victoria West, where the average build year is 1945. This could suggest potentially fewer issues related to the very oldest infrastructure, though a full inspection is always recommended.
5. Is this a good street?
The data shows the street is a mix. The home's assessed value is around the street average, but the living area is below the street's average. This indicates Victoria Avenue West has a variety of home sizes and values, with this property representing one of the more compact options.