Property Summary: 564 Yale Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 916 sqft home, built in 1955 on a 4,999 sqft lot, presents a practical opportunity in Victoria West. Its primary appeal lies in its relative modernity and efficient use of space within a well-established neighborhood. Compared to other homes on Yale Avenue W and in Victoria West, it is a newer construction (top 27% on its street), offering potential advantages in building materials and systems. The lot size is notably above average for the immediate neighborhood (top 16%), providing valuable outdoor space that is less common in the area.
The property suits first-time buyers or downsizers seeking a manageable, lower-maintenance home without sacrificing yard space. It also appeals to value-oriented investors or owner-occupants who prioritize a solid, post-war build over a larger or more recently renovated footprint. A thoughtful perspective is that while its living area is below the city average, its assessed value is proportionally even lower city-wide, suggesting it may offer a more affordable entry point per square foot into the Winnipeg market. It represents a "middle-ground" option: not the largest or most valuable on its street, but a sensible, balanced property in a central location.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 916 sqft, the living area is close to the Victoria West neighborhood average (976 sqft) but smaller than the average home on its specific street. It is a comfortably sized, efficient layout typical of its 1950s era.
2. Is the assessed value a good indicator of the listing price?
The assessed value of $296k is a municipal valuation for tax purposes. It sits around the neighborhood average but below the street average. Market conditions, specific home features, and recent sales will ultimately determine the listing and sale price.
3. What does the "newer" 1955 build year mean for a buyer?
Built in 1955, this home is newer than many in the area. This can imply updated construction techniques compared to early 1900s builds and potentially less immediate concern for major foundational or system overhauls common in century-old homes.
4. How does the lot size benefit me?
The 4,999 sqft lot is larger than most in Victoria West. This allows more room for gardening, private outdoor living, or future additions like a shed or deck, which is a premium in established inner-city neighborhoods.
5. Who would this property not suit as well?
Buyers seeking a very large interior space or a brand-new, move-in-ready home with contemporary open-concept layouts may find this property too compact or in need of updates. It is best viewed as a solid foundation in a good location.