Property Overview
This home at 501 Victoria Grove stands out for its significant scale and premium positioning within its surroundings. Its appeal lies in offering a rare combination of a large, modern residence on an expansive lot, all within a well-established area. The property is not merely above average; it ranks in the top tier locally and city-wide for its key attributes.
Key Characteristics & Ideal Buyer
The home’s primary strength is its substantial size. With 3,583 sqft of living space, it is over 2.5 times larger than the average Winnipeg home and places in the top 1% city-wide. It was built in 1998, making it notably newer than most homes in the Victoria Grove and Victoria Crescent area, which typically date to the mid-20th century. The property sits on a 22,476 sqft lot, which is exceptionally large for the city (top 1%) and provides ample private outdoor space even within its upscale neighborhood.
The $1.41M municipal assessment reflects this premium package, ranking in the top 3% of its street and top 1% of Winnipeg. The appeal here is for buyers seeking a move-in ready, spacious family estate without the maintenance concerns of a century-old property. It suits those who value both privacy (afforded by the large lot) and a sense of established community, as well as buyers for whom space—both indoors and out—is a non-negotiable priority. A less obvious perspective is that this property offers a "modern legacy" home: the generous proportions and newer construction provide a long-term foundation for a family, without the immediate need for major updates or expansions that older, character homes often require.
Frequently Asked Questions
1. What does the high municipal assessment ($1.41M) indicate?
It primarily reflects the city’s valuation for property tax purposes, based on factors like lot size, living area, age, and location. It confirms the property is positioned in the premium market segment, but the final sale price is determined between buyer and seller.
2. How does the 1998 build year compare to the neighborhood?
It is a distinctly newer home. The average build year on Victoria Grove is 1951, and in Victoria Crescent it's 1966. This suggests more contemporary construction standards, layouts, and systems, potentially reducing near-term renovation needs compared to neighboring properties.
3. The land is in the top 1% city-wide, but only top 30% in the local area. Why?
This highlights the nature of the Victoria Crescent community itself. The area is comprised of larger-than-average properties, so while this lot is massive by general Winnipeg standards, it is more in line with—though still above—the local norm for premium neighborhoods.
4. What is the practical benefit of the ranking data provided?
It offers concrete, comparative context beyond simple square footage or price. Seeing that the living space is in the top 1% city-wide objectively quantifies its rarity. It helps you understand exactly where this property sits relative to its immediate street, wider community, and the entire city.
5. Are there any apparent trade-offs for this size and newer build?
The property offers less of the classic architectural character found in older homes in the area. Buyers seeking traditional period details may find the 1998 design more modern and functional than historic. The lot, while huge, is not the largest on the street (ranking 48th out of 410), so absolute maximum privacy within this specific enclave may vary.