Property Overview: 524 Victor Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1909, is a classic character property in the Daniel McIntyre neighbourhood. With 1,148 sqft of living space and a renovated basement, it offers a practical layout. A key feature is the detached garage, a valuable asset in this area. The lot size of 2,410 sqft is notably above average for its immediate street, providing good outdoor space for the location.
The appeal lies in its strong positioning within the local context. While its size and age are average for the broader city, it stands out on its own street: it ranks above average for assessed value, lot size, and even has an older build date than many neighbours, suggesting a well-regarded, established presence. The 2022 sale price was also strong relative to the area. This indicates a property that has been maintained and valued within its micro-market.
It would suit a buyer looking for a grounded, no-fuss home in a central Winnipeg community. It’s ideal for someone who appreciates a character home but prioritizes practical updates (like the basement) and private outdoor space over a massive footprint. The data suggests it's a solid, above-average performer on its block, making it a sensible choice for a first-time buyer or an investor seeking a stable property in a mature neighbourhood.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Based on assessed value, this home ranks in the top 24% on Victor Street itself, meaning it is valued higher than most of its immediate neighbours. This suggests it may have features, condition, or lot attributes that are favourable in the local context.
2. Is the lot size typical for the area?
The lot is above average for Victor Street but below the average for the wider Daniel McIntyre neighbourhood. This means you get a relatively generous yard for the specific block, though lots are generally larger in other parts of the community.
3. What does the "above average" year built ranking mean?
The home was built in 1909, which is older than about 79% of the homes on its street. In this context, "above average" rank indicates it is among the older, more established homes on the block, which can sometimes correlate with character and mature landscapes.
4. Are there any insights from the 2022 sale?
The home sold in July 2022 for a price that ranked in the top 14% compared to other sales on Victor Street. This recent transaction at a strong relative price point supports the idea that the property has been competitively positioned in the market.
5. How does it compare city-wide?
On a city-wide scale, this is a modestly sized, older home on a smaller urban lot, with an assessed value significantly below the Winnipeg average. Its strengths are most apparent when compared locally, highlighting the importance of neighbourhood-level analysis.