Property Overview
This 1,018 sqft home at 523 Yale Avenue W in Victoria West presents a balanced, practical offering. Built in 1956, it is notably newer than many homes on its street and in the wider neighbourhood. Its assessed value sits above the neighbourhood average but is more moderate compared to its immediate street, suggesting a solid position in a desirable area. The lot size of 4,499 sqft is consistent with local norms.
The appeal here is one of value and location within a character neighbourhood. It suits first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space, and who prioritize being in a well-established community over a brand-new home. It’s a property for those who see potential in a mid-century home that may benefit from updates, offering a chance to add personal value in a neighbourhood where older, more expensive homes are common.
Frequently Asked Questions
How does this home’s size compare to others nearby?
At 1,018 sqft, the living area is very close to the Victoria West neighbourhood average. It is smaller than the average home on its specific street, but larger than the average comparable home across the entire city of Winnipeg.
What does the assessed value tell us about this property?
The assessed value of $311,000 is above the neighbourhood average, indicating Victoria West is a desirable area. Interestingly, it is below the average for its own street, which suggests the home may offer relative value compared to its immediate neighbours, possibly due to its size or condition.
Is a 1956 build considered old for this area?
No, it’s actually newer than average. The home was built significantly later than the typical house on Yale Avenue W (1939 average) and in the wider Victoria West neighbourhood (1945 average). This could mean fewer concerns with very old infrastructure.
Is the lot size typical?
Yes. The 4,499 sqft lot is very close to the neighbourhood average and provides a standard urban yard space. It is smaller than the average lot on its street and the city-wide average, which is common for inner-city neighbourhoods.
Who would this property best suit?
This home is ideal for a pragmatic buyer seeking entry into a mature neighbourhood like Victoria West. It suits someone comfortable with a home that may require modernization but offers a newer build date than many surrounding properties and a manageable scale for maintenance or renovation.