Property Overview & Key Characteristics

This 3-level split home, built in 1959, sits on an exceptionally large, half-acre lot (over 20,000 sq ft) in the Victoria Crescent neighbourhood. Its primary appeal lies in the rare combination of generous indoor and outdoor space. The 3,322 sq ft living area is notably larger than most homes in Winnipeg, and the property ranks in the top tier locally for both lot size and living space. Key features include a renovated basement, an attached garage, and a pool.

The home’s appeal is multifaceted. For buyers seeking space, it offers immense potential, both inside and out. The lot provides privacy, room for gardens, recreation, or future expansion—a rarity in the city. While the building itself is older, the renovated basement adds modern functionality. This property would best suit a buyer who values land size and interior volume over a newer build, and who is looking for a established, quiet neighbourhood. It’s ideal for those wanting room for a growing family, multi-generational living, or simply expansive private grounds without leaving the city. A thoughtful perspective is the value of the land itself; in a market where lot sizes are shrinking, this parcel represents a long-term asset that is increasingly difficult to find.

Frequently Asked Questions

1. How does the age of the home (1959) impact its condition and potential costs?
While the home has a renovated basement, the core structure is 67 years old. Buyers should budget for inspections focused on major aging components like the roof, plumbing, electrical systems, and foundation, which may require updates or maintenance.

2. The assessed value seems low compared to the likely selling price. Why is that?
Municipal assessed values in Manitoba are primarily for tax purposes and often lag behind current market values, especially for unique properties with standout features like an extremely large lot. The sale price will be determined by what buyers are willing to pay in the current market.

3. What are the annual property taxes likely to be?
Property taxes are calculated using the assessed value and the municipal mill rate. With an assessed value of $97,400, you can estimate taxes, but a precise figure should be confirmed with the City of Winnipeg, as the final bill will depend on the exact mill rate and any applicable local improvements.

4. The home ranks lower for its "year built" compared to the neighbourhood. What does this mean?
This statistical ranking indicates that most homes on the street and in the wider area were built more recently. This isn't inherently negative but highlights that this property is one of the older homes on the block, which may influence its architectural style and the likely timeline for any past renovations.

5. Is the pool included, and what is its condition?
The listing confirms a pool is present. As with any older amenity, its condition, type (inground/above-ground), and operational status are key details a buyer must investigate prior to purchase, as repairs or removal can be significant considerations.