Property Overview: 495 Victor Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 495 Victor Street is a distinctly modern property within Winnipeg's established Daniel McIntyre neighborhood. Its primary appeal lies in its combination of new construction and a central, urban location. Built in 2020, it is a rarity on its street and in the wider area, where most homes are a century older. This translates to move-in readiness with modern building standards, a renovated basement, and minimal immediate maintenance concerns.

The home’s living space (1,017 sq ft) is modest and efficient, positioned below the average for the local area. This makes it particularly suited for first-time homebuyers, small families, or investors seeking a modern, low-maintenance property. The lot size is also compact but is actually above average for Victor Street itself, offering a decent outdoor space for the setting.

A thoughtful perspective is its assessed value positioning. While its city-wide assessment is below average, it ranks in the top 3-5% locally on Victor Street and in Daniel McIntyre. This suggests the property is highly valued within its immediate context, potentially offering a modern alternative in a historic area without the premium price tag of a new home in a suburban development. The ideal buyer values modern convenience and efficiency over expansive square footage, and appreciates being part of a mature, central community.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than typical city homes?
Property assessments reflect value relative to similar properties. This home’s modern build and efficient size place it in a different category than larger, older homes on bigger lots city-wide. Its "elite" ranking within its own neighborhood indicates it is highly valued in its direct market context.

2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the finish or layout. This is a key detail to clarify with the selling agent to understand if it’s a finished living space, a utility area, or contains secondary suites.

3. Is there parking without a garage?
The listing specifies no garage. Buyers should investigate on-street parking permits, the potential to add a driveway or pad if space allows, and typical parking availability on Victor Street.

4. How does the 2020 build date affect insurance and utilities?
Newer construction often leads to more favorable home insurance rates due to modern electrical, plumbing, and roofing. Utility costs may also be lower due to contemporary energy efficiency standards and insulation.

5. The home sold for a similar price in 2021. What does that indicate?
The stable sale price in a fluctuating market could suggest the property was accurately valued at the time. It provides a clear recent benchmark, but the current market conditions, any improvements made since 2021, and overall demand will determine its present value.