Property Overview
This 1,155 sqft home, built in 1945, sits on a 4,001 sqft lot in Victoria West. Its key appeal lies in offering solid space in a desirable neighborhood at a relatively accessible entry point. The property’s assessed value for taxes is notably below both the street and city averages, suggesting a potentially lower tax burden and an opportunity for value-conscious buyers. While the home is older and the lot size is modest compared to broader city standards, it ranks favorably within its own community for living space, indicating a well-sized home for the area.
This home would suit a first-time buyer or an investor looking for a foothold in a well-regarded community without the premium price tag of a larger or fully renovated property. It’s also a candidate for someone comfortable with a home of vintage character who may see potential in updates over time.
Frequently Asked Questions
1. What does the below-average assessment value mean for me?
Primarily, it suggests your municipal property taxes will likely be lower than if the home were assessed at the street or city average. It can indicate a more affordable ongoing cost, though it may also reflect the home’s age and condition relative to others.
2. The home is older than most on its street. Should I be concerned?
A 1945 build means systems like plumbing, electrical, and the roof may be due for updates or have been partially updated over time. A thorough inspection is essential. The positive side is that homes of this era in Victoria West often feature solid construction and classic layouts.
3. How does the lot size impact living here?
At just over 4,000 sqft, the lot is manageable for maintenance and smaller than many in Winnipeg. This could be a benefit for those wanting less yard work. However, it offers less private outdoor space and expansion potential compared to larger lots on the same street.
4. The living space ranks well in the neighborhood but average city-wide. How should I interpret that?
This highlights the character of Victoria West, where homes can be more compact and efficiently laid out than the sprawling average for the entire city. You’re getting a home that is actually above the neighborhood average for size, which is the more relevant daily comparison.
5. Are these rankings a good indicator of value?
They are useful benchmarks, not a full valuation. They show you how this property measures up statistically to its peers in key categories. The data suggests a trade-off: you gain a cost advantage (in price and taxes) and a good neighborhood position, while accepting an older home on a smaller lot. Your personal valuation will depend on how much weight you give each factor.