Property Overview
This 904 sqft home, built in 1957 on a 4,299 sqft lot at 708 Victoria Avenue W in Winnipeg's Victoria West neighbourhood, presents a specific and practical value proposition. Its appeal lies in its position as a competitively assessed entry point into a mature area. While its living space is notably compact compared to many single-family homes city-wide, it aligns more closely with the typical size within its immediate community. The 1957 build date is actually newer than many homes in Victoria West, suggesting potentially fewer immediate concerns associated with very early 20th-century construction. The property suits first-time buyers seeking a lower tax-assessment foothold in a central neighbourhood, downsizers looking to right-size without leaving the area, or investors interested in a character-home rental. It’s less suited for those prioritizing spacious interiors or large outdoor areas, as both the home and lot are modestly sized within their broader context.
Key Details & FAQs
What are the key characteristics of this property?
This is a compact, mid-century home on a standard city lot. Its living space (904 sqft) is below the Winnipeg average but closer to the neighbourhood norm. Its city tax assessment is below the city-wide average, which can indicate a relatively lower property tax burden. The 1957 construction is newer than many surrounding homes.
How does this property compare to others in the area?
The data shows a mix: its living space is smaller than most on its specific street but near the average for Victoria West. Its lot size is typical for the community but smaller than the street average. Its tax assessment value is competitive, sitting close to both street and neighbourhood averages.
Who would this property be a good fit for?
It's a practical choice for first-time buyers or investors attracted by the central location and a tax assessment that may translate to lower carrying costs. Downsizers from larger homes in the same area might also find it a manageable step. It's likely less ideal for growing families needing more room.
What does the 1957 build year imply?
Built in 1957, this home is newer than the neighbourhood average (1945). This can be an advantage, potentially meaning updated building materials, electrical systems, or floorplans compared to pre-war homes, though a specific inspection is still essential.
What is a less obvious consideration with this home?
The significant difference between its lot size (4,299 sqft) and the much larger street average (8,428 sqft) suggests it sits on a standard block where many neighbours have double lots. This means you have typical city spacing next door, but less potential for expansion or extensive landscaping compared to some immediate neighbours.