Property Overview
This well-situated home at 32 Tod Drive presents a unique value proposition within its established Victoria Crescent neighborhood. Its appeal lies in a combination of affordability for the area, a generous city-sized lot, and a solid, mid-century foundation. It stands out as a practical opportunity rather than a luxury offering.
Key Characteristics & Ideal Buyer
The home’s most defining feature is its size relative to location. With just over 1,000 sqft of living space, it is notably smaller than most homes on its street and in the wider neighborhood, which typically feature larger, more modern residences. This is reflected in its assessed value of $431k, which is comfortably below area averages but aligns with the broader Winnipeg market.
However, this creates its primary advantage: entry into a desirable area at a relatively accessible price point. The 7,188 sqft lot is a significant asset, being larger than the typical Winnipeg property and offering ample outdoor space rare for the city. Built in 1960, the home is of a vintage common to the area, suggesting potential for updates that could align it more closely with neighborhood standards.
This property would best suit a pragmatic buyer—perhaps a first-time purchaser, downsizer, or investor—who prioritizes location and land size over immediate move-in condition or square footage. It’s a home for someone who sees value in the lot and the address, and who is prepared for a renovation or expansion project to fully realize its potential within its upscale context.
Frequently Asked Questions
1. Is this the smallest house on the street?
Essentially, yes. The data ranks it 26th out of 26 for living area on Tod Drive, making it the smallest comparable home on the street.
2. Why is the assessed value so much lower than the neighborhood average?
The assessed value of $431k is significantly lower than the Victoria Crescent average (nearly $793k) primarily due to the home’s smaller size and older condition. It is valued more in line with the average Winnipeg home, offering a chance to buy into the area at a discount.
3. Is the lot size a positive?
Yes, in two key ways. While it is below average for the large lots in Victoria Crescent, it is still larger than the average lot on its own street. More importantly, it is substantially larger than the typical Winnipeg lot, providing valuable outdoor space.
4. What does the "Top X%" ranking mean?
It indicates the property’s position relative to others. For example, a "Top 96%" rank for land area on its street means it outperforms (has a larger lot than) 96% of comparable homes on Tod Drive—or, conversely, that only 4% are larger.
5. Who would this property not suit?
It would not suit buyers seeking a turn-key home that matches the size and finish of its neighbors, or those who prioritize immediate square footage over long-term potential. It is a project-in-waiting for the right owner.