Property Summary
Key Characteristics & Appeal
This home at 342 Victoria Crescent is defined by its generous scale and modern foundation within a well-established neighborhood. Its primary appeal lies in the significant amount of finished living space (2,768 sqft), which ranks in the top 2% citywide, offering substantial room for family living, entertaining, or dedicated work-from-home areas. Built in 1972, it is a notably newer construction compared to most homes on its street, suggesting potentially fewer immediate concerns with aging infrastructure and more contemporary layouts.
The property suits buyers looking for a move-in ready, spacious home without the premium of a brand-new build. It’s an ideal fit for growing families, professionals who value dedicated home office space, or those who frequently host guests. A thoughtful perspective is that while the lot size is very good citywide, it is more modest within the immediate Victoria Crescent area, positioning this as a home where the value is squarely in the interior living experience rather than extensive outdoor acreage. The assessed value reflects this, placing it among the city's elite properties but as a more average value within its own prestigious neighborhood, which could be seen as a relative value proposition for the space and quality offered.
Frequently Asked Questions
1. How does the 1972 build year compare to nearby homes?
This home is significantly newer than the average house on Victoria Crescent (built 1951), placing it in the top 13% for its street. This often translates to more modern electrical systems, plumbing, and floor plans.
2. The living area is large, but how does the lot size compare?
The lot is a generous 9,712 sqft, which is above average for both the street and the city. However, it's important to note that lots in the broader Victoria Crescent area can be larger. This means you get ample outdoor space with less yard maintenance than an estate-sized property.
3. What does the "Elite" citywide ranking for value really mean?
With an assessed value of $849k, this property ranks in the top 2% of all homes in Winnipeg. This indicates it is a premium property in the overall market, though it sits closer to the average for the high-caliber Victoria Crescent neighborhood itself.
4. Is the high assessed value driven mainly by the land or the building?
Given that the living area is exceptionally large (top 2% citywide) and the lot size, while very good, is not the primary standout, the value is likely heavily attributed to the size, quality, and newer age of the home itself.
5. Who would this property not suit as well?
Buyers seeking a historic character home or a vast, secluded rural-style lot within the city may find other properties more aligned. This home appeals most to those prioritizing abundant, modern interior space in a prime location.