Property Overview
This home presents a compelling mix of established character and relative value within the sought-after Victoria West community. Its key appeal lies in its position as a well-sized, historic property in a mature neighborhood, offered at an assessment value significantly below area averages.
Key Characteristics & Buyer Profile
The residence at 219 Yale Avenue W is a 1,312 sqft home built in 1908, situated on a 4,001 sqft lot. Its primary characteristic is the striking contrast between its below-average tax assessment and its above-average standing within the immediate community. While the living space is close to the citywide average, it ranks within the top 8% of homes in Victoria West for size, indicating it offers more space than most neighbors. The century-old build date underscores its historic nature, placing it among the oldest homes in the area.
The appeal here is multifaceted. For the buyer, it represents an entry point into a desirable neighborhood where you get more interior space for your dollar compared to community norms. The significantly lower tax assessment, compared to both the street and city averages, suggests a potential opportunity, though it may also reflect the home's age and condition. This property would suit a buyer who values character and location over new construction—someone prepared for the realities and rewards of maintaining a historic home. It’s a practical choice for those seeking to establish roots in Victoria West, offering a chance to own a piece of the neighborhood's history with a footprint that provides room to grow. A thoughtful perspective is that while the lot size is modest for the street, it is very typical for the community, offering lower maintenance without sacrificing the feel of the area.
Frequently Asked Questions
1. Why is the tax assessment so much lower than the street and city averages?
Assessments are based on a variety of factors including age, condition, and recent sales of comparable properties. The significant variance likely reflects the home's 1908 construction date and potentially its current state compared to newer or recently renovated homes on the street. It's a key point to discuss with a real estate professional to understand market value versus assessed value.
2. As a home from 1908, what should I be prepared for?
Owning a century-old home comes with unique considerations. While full of character, prospective buyers should budget for potentially older mechanical systems (like plumbing and electrical), historical building materials, and a need for updates that respect the home's integrity. A thorough inspection is essential.
3. The living space ranks very high in Victoria West but is average citywide. What does this mean?
This indicates that homes in the Victoria West community tend to be more compact on average. This property offers more interior space than over 90% of its immediate neighbors, making it a relatively spacious option within this specific, popular neighborhood context.
4. Is the land size sufficient for additions or renovations?
At 4,001 sqft, the lot is typical for Victoria West but below the average for its specific street and the city. Any plans for significant expansions, additions, or building a garage would need to be carefully checked against local zoning bylaws and setback requirements to ensure feasibility.
5. How meaningful are these statistical rankings?
They provide excellent context for how this property compares to others in three key areas: its immediate street, the broader Victoria West community, and all of Winnipeg. They highlight where the property excels (space within the neighborhood) and where it differs (age and assessment value), offering a data-driven starting point for evaluation.