Property Overview
This home at 802 Bond Street presents a balanced offering in Winnipeg's Victoria West neighborhood. Its key appeal lies in its established character and relative value within a central community.
Key Characteristics & Ideal Buyer
Built in 1918, this property is a classic example of the area's heritage. With 1,047 sqft of living space, it sits comfortably above the average for both Bond Street and Victoria West, offering more room than many nearby comparables. The land size of 3,659 sqft is typical for the street, providing a manageable yard.
The primary appeal is its position as a competitively priced entry point into a desirable inner-city neighborhood. Its municipal tax assessment is notably below the Winnipeg citywide average, suggesting a potentially lower property tax burden relative to many other homes in the city. This creates an opportunity for buyers seeking character in a central location without a premium price tag.
This home would suit a first-time buyer or a downsizer who values location over new construction. It’s ideal for someone comfortable with the quirks and maintenance considerations of a century-old home and who appreciates being part of a long-established streetscape. The data suggests it's not the largest or newest on the block, but it offers solid fundamentals for its immediate area.
Frequently Asked Questions
1. What does the 1918 build year mean for me?
While offering classic charm, a home of this age will likely have older systems (like plumbing, wiring, or heating). A thorough inspection is essential to understand the condition and any needed updates, which can be an opportunity to customize but also requires careful budgeting.
2. The tax assessment seems low. Is that good?
A lower assessment compared to the city average generally translates to lower municipal property taxes, which is a positive for ongoing costs. However, it's also a reflection of the home's market value as determined by the assessor, which may be influenced by its age, features, and condition relative to newer homes.
3. How does the living space compare practically?
At just over 1,000 sqft, the space is efficient. It's larger than many similar homes in Victoria West, but still requires thoughtful furniture placement and organization. It's well-suited for individuals, couples, or a small family.
4. The land size is below average for the city. Is that a drawback?
This is typical for mature inner-city neighborhoods. The yard is a manageable size for gardening or relaxing without excessive upkeep. If you're looking for extensive outdoor space, this may not fit, but it offers a good balance of indoor/outdoor living for an urban setting.
5. What do the neighborhood rankings really tell me?
They show this property is a "middle-of-the-pack" home within its immediate context on Bond Street and in Victoria West. It's not the largest or most valuable, but it's also not the smallest. This indicates it should fit in comfortably with the area's character and pricing, without standing out as an outlier in either direction.