259 Victoria Crescent

Property Summary: 259 Victoria Crescent

Key Characteristics & Appeal

This property presents a compelling mix of space, value, and established character. Its most defining feature is the exceptionally large, nearly half-acre lot (19,109 sq ft), which places it in the top 2% of all comparable properties citywide in Winnipeg for land area. This offers rare potential for gardens, expansion, or simply enjoying generous private outdoor space.

The home itself, with a living area of 1,381 sq ft, is comfortably above the city average. Its assessed value of $571k sits above average for its specific street and ranks within the top 10% citywide, indicating strong perceived value for its offering. The data suggests a home that is a standout on its own street for lot size and value, and an elite property in the broader city context for land ownership.

Its appeal lies in this unique combination: the substantial, premium lot paired with a well-sized home in an established neighborhood. It would perfectly suit buyers prioritizing land and long-term potential over a brand-new build—think gardeners, families wanting room to play, or those who value privacy and the option to customize or expand. It’s also a strong candidate for value-conscious buyers looking for an above-average asset in a city-wide market, who are comfortable with a home that may benefit from personal updates.

Frequently Asked Questions

1. Is the home newer or older than others in the area?
The provided data does not give a specific year built for this property, only averages for comparison. The average build year on the street is 1951 and 1966 in the wider area, suggesting this is likely an established, character home in a mature neighborhood.

2. The assessed value seems high for the street but average for the neighborhood. Why?
The home is ranked in the top 21% by value on its own street, where the average is $447.8k. The "neighborhood" comparison group has a much higher average value of $792.9k, likely including larger or more premium homes on different streets. This indicates Victoria Crescent may be a more value-oriented pocket within a broader, higher-value area.

3. What does the "Elite" citywide ranking for land area actually mean?
Ranked in the top 2% means that out of 194,458 comparable properties across Winnipeg, only about 2,989 have a larger land area. This is a significant and rare feature, offering a level of outdoor space that is very difficult to find within the city.

4. Who determines these rankings and averages?
The analysis uses publicly available municipal assessment data to compare this property against "comparable homes" (likely similar in type and use) on three levels: its immediate street, its defined neighborhood area, and the entire city. The "Avg" is a median benchmark for those peer groups.

5. If the lot is so large, is the living space relatively small?
At 1,381 sq ft, the living area is actually above the city-wide average (1,342 sq ft) and near the street average. The home is well-sized; the exceptional lot size is an additional asset, not a trade-off for interior space. This combination is what makes the property distinctive.