Property Summary
Key Characteristics & Buyer Profile
This 1959-built home at 412 Victoria Avenue W in Winnipeg's Victoria West neighborhood presents a practical urban living opportunity. Its key appeal lies in being a more manageable and efficiently scaled property within its context. With 825 sqft of living space and a 3,298 sqft lot, it is notably more compact than many area homes, which translates to less maintenance and lower utility costs. The property’s assessed value is very much in line with the neighborhood average, suggesting a fair entry point into the area.
Its construction year is a relative advantage; built later than most homes in Victoria West, it may have benefited from slightly newer building techniques or updates over time compared to its peers. This home would suit first-time buyers, downsizers, or investors seeking an affordable foothold in a central neighborhood without the burden of a large yard or excessive square footage to maintain. It’s for those who prioritize location and practicality over sheer size, offering a chance to live in a established community at a potentially accessible price point.
Frequently Asked Questions
1. Is this a small house?
Yes, at 825 sqft, the living space is below the average for the street, neighborhood, and city. This compact size is a defining characteristic, offering lower maintenance and cost efficiency.
2. How does the property tax assessment compare?
The assessment is very close to the Victoria West neighborhood average and moderately below the citywide average. This indicates the property is valued consistently within its immediate community.
3. What does the 1959 build year mean for this home?
While older, this home is actually newer than most in the Victoria West area. This could imply updates in its history or systems that are relatively younger than those in many neighboring houses built in the 1940s and early 1950s.
4. Is the lot size a disadvantage?
The lot is smaller than typical, which limits expansive outdoor space but also reduces yard work and upkeep responsibilities. It represents a more urban, low-maintenance lot size.
5. How competitive is this property's value in its area?
The data suggests it offers a balanced proposition. You are trading square footage and land size for a potentially more accessible price point in a neighborhood where the average home is larger and, on this street, significantly more valuable. It fills a specific niche for compact, lower-maintenance living in the area.