191 Victoria Crescent

Property Overview: 191 Victoria Crescent

Key Characteristics & Appeal

This is a substantial and highly valued property defined by its exceptional space and prestigious standing. The nearly 2,500 sqft home is situated on a remarkably large lot of approximately 29,480 sqft (over half an acre), placing it in the top 1% of lots citywide and offering rare privacy and potential for gardens, recreation, or expansion. Built in 1937, the home is notably older than most in its immediate area, suggesting classic architecture and character, but also implying a considered approach to maintenance and updates.

Its appeal lies in its elite-tier metrics for size and value within Winnipeg. The assessed value sits in the top 1% citywide, reflecting its significant footprint and desirable location. While the living area is comfortably above average for the street and elite citywide, the most striking feature is the land itself—it is over three times larger than the average lot on Victoria Crescent. This property suits buyers seeking a legacy home with ample indoor and outdoor space, who value established neighbourhoods and are potentially looking for a character home with the room to customize. It would also appeal to those for whom privacy and land are paramount, offering an estate-like feel within the city.

Frequently Asked Questions

1. What does the "Below Average" ranking for year built mean?
The home, built in 1937, is older than 95% of comparable homes in the Victoria Crescent neighbourhood. This typically indicates a property with classic construction and character, but buyers should be prepared for potential era-specific maintenance or renovation considerations compared to a newer build.

2. The assessed value is in the top 1% citywide. Does this mean the property taxes will be very high?
While a high assessment is a primary factor in calculating property taxes, the exact tax bill depends on the city's mill rate. You can expect taxes to be significant and commensurate with a property of this value and stature. Consulting recent tax statements or the city's assessment office is recommended for precise figures.

3. How usable is such a large lot?
A lot of this size (approx. 0.68 acres) is exceptionally rare within Winnipeg. It offers tremendous potential beyond a standard yard, including space for extensive landscaping, swimming pools, sports courts, or even secondary structures (subject to zoning bylaws). It also provides a high degree of privacy and separation from neighbours.

4. The living area is above average, but not as highly ranked as the lot size. What does this suggest?
This suggests a home where the interior space, while generous, is not maximized to the full potential of the lot. It may indicate a layout from a different era or present an opportunity for thoughtful additions or reconfiguration to better connect with the expansive outdoor space.

5. The home ranks highly on its street but even higher citywide. Why is that?
Victoria Crescent is itself a desirable street with above-average homes. This property stands out even there for its lot size and value. Its citywide elite rankings highlight that its attributes—particularly land area and overall value—are extraordinary not just locally, but across the entire city, underscoring its uniqueness.