Property Overview
This 808 sqft home on Winona Street in Victoria West presents a practical opportunity in a central Winnipeg neighborhood. Built in 1955, it is a newer construction compared to many homes on its street and in the area. The property sits on a 3,702 sqft lot, which is typical for the local streetscape. Its assessed value of $273K is aligned with neighborhood averages but sits below the citywide benchmark, suggesting a relative value proposition within a desirable urban setting.
The appeal here lies in its manageability and location. The smaller living space translates to lower maintenance and utility costs, offering a simpler, more efficient lifestyle. It suits first-time buyers seeking an entry point into a well-established neighborhood, downsizers looking to rightsize without leaving the city, or pragmatic investors interested in a character-area property with a stable assessment history. It’s a home for those who prioritize location and lot potential over immediate square footage.
Frequently Asked Questions
1. Is the living area considered small?
Yes. At 808 sqft, the home's living area is below the average for Winona Street, the Victoria West neighborhood, and Winnipeg overall. This indicates a compact, efficient layout.
2. How does the assessed value compare?
The $273K assessment is very close to the Victoria West average ($282K) and the street average ($288.5K). It is notably below the Winnipeg citywide average, which often reflects larger lot sizes and homes in suburban areas.
3. What does the year built tell us?
Built in 1955, this home is newer than many of its immediate neighbors (street avg. 1943). This can sometimes suggest updated infrastructure or a different architectural style compared to pre-war homes prevalent in the area.
4. Is the lot size a pro or a con?
The 3,702 sqft lot is consistent with the urban lot fabric of Victoria West. While below the city average, it is a standard size for the area and offers decent outdoor space for a central neighborhood, with potential for gardening or expansion.
5. What’s the main takeaway from these metrics?
This property is a quintessential urban infill home: compact, centrally located, and priced for its neighborhood. It represents a trade-off where you acquire land and location in a character area, with the home itself being a manageable project or a efficient living space.