Property Overview
This 916 sqft home, built in 1955 on a 4,999 sqft lot at 539 Yale Avenue W, presents a practical opportunity in Victoria West. Its assessed value is $299k. The appeal lies in its relative modernity compared to many older homes on the street and its above-average lot size for the immediate neighborhood. It suits first-time buyers or downsizers seeking a manageable footprint in an established area, without the maintenance demands of a much larger or century-old property. A thoughtful perspective is that it offers a "middle ground"—it’s newer than many surrounding homes, potentially meaning fewer legacy renovation issues, yet it retains the character of the neighborhood and provides a decently sized yard that is larger than many nearby lots.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 916 sqft, the living area is fairly typical for Victoria West but is below the Winnipeg city average. It's a manageable size for a smaller household.
2. Is the assessed value a good indicator of the market price?
The assessed value of $299k is for municipal tax purposes. It's notably lower than the street average, which may reflect its smaller size, but market conditions and the home's specific condition will determine the final sale price.
3. What does the 1955 build year mean for a buyer?
Built in 1955, this home is newer than many on its street (where the average build year is 1939). This could suggest updates to core systems like wiring or plumbing may have already been addressed, but a thorough inspection is still essential.
4. How does the lot size benefit me?
The 4,999 sqft lot is larger than the neighborhood average, offering more private outdoor space than many comparable properties in Victoria West, which is a distinct advantage.
5. What is the broader context of this property's metrics?
The data shows a home that is consistently "around average" to "above average" within its immediate neighborhood and street, but tends to fall "below average" in citywide comparisons for size and value. This highlights its position as a very typical, grounded property for the Victoria West area specifically.