Property Overview
This home at 902 Bond Street presents a compelling mix of space, modernity, and value within the sought-after Victoria West community. Its primary appeal lies in offering above-average living space in a well-regarded area, but at an assessed value notably below the Winnipeg average. Built in 1971, it is a significantly newer construction compared to most homes on its street and in the wider neighborhood, which are predominantly from the 1940s. This suggests potentially fewer concerns with aging infrastructure common in century-old homes. The property suits buyers prioritizing move-in-ready space and modern builds over a large yard, as the lot size is compact relative to the area. It’s an ideal fit for professionals, small families, or downsizers seeking a low-maintenance footprint without sacrificing interior room, all while benefiting from a tax assessment that is currently favorable compared to the city norm.
Key Details & FAQs
Key Characteristics & Appeal:
The 1,330 sqft residence ranks in the top 7% for size both on its street and in the Victoria West community, offering more interior space than most local comparables. Its 1971 build date is a standout feature, placing it in the top 10% newest homes on Bond Street, where the average home was built in 1941. This relative modernity is a key advantage. However, the land size of 2,801 sqft is smaller than typical for the area, indicating a focus on the home itself rather than extensive outdoor space. The property’s assessed value for taxes is $300,000, which is above the street average but sits 33% below the Winnipeg city average, presenting a value proposition within a premium neighborhood.
Who It Suits:
This property is best suited for buyers who value updated living space and a newer build within an established neighborhood. It appeals to those who prefer a manageable yard with less maintenance. The below-average city assessment relative to its location could attract value-conscious buyers looking in central, desirable areas.
Frequently Asked Questions
1. How does the 1971 build date compare, and why does it matter?
This home is approximately 30 years newer than the average home on its street and in Victoria West. This can mean updated electrical, plumbing, and insulation standards from the outset, potentially reducing immediate renovation needs and improving energy efficiency compared to much older heritage properties.
2. The lot seems small. What are the trade-offs?
The land area is in the bottom 5% for the community. The trade-off is less private outdoor space and potentially less distance from neighbors. The benefit is significantly lower yard maintenance and a focus on the interior living space, which is itself larger than average for the area.
3. The tax assessment is below the city average. Is that good?
While not a direct market valuation, a lower assessed value relative to the city average generally suggests a relatively lower property tax burden. Given that the home is in a central community, this combination of location and a moderate assessment can be a notable financial advantage.
4. What does "top 7% for living area" actually mean for daily life?
It means this home offers more interior square footage than 93% of comparable properties on Bond Street and in Victoria West. For a buyer, this translates to more spacious rooms, greater storage potential, and more flexibility for home offices or family living areas than is typical in the immediate area.
5. Are there any less obvious points to consider from this data?
Two points stand out. First, the home is newer yet has a lower tax assessment than the city average, which is an unusual and attractive combination. Second, while the lot is small, owning a spacious, modern home on a compact lot in Victoria West could be a strategic choice, offering the neighborhood’s amenities and character without the upkeep of a large, historic property.