Property Summary: 292 Victoria Crescent

Section 1: Key Characteristics & Appeal

This property is distinguished by its exceptional scale and premium valuation, setting it apart as a significant residence within its established neighborhood. Its primary appeal lies in offering substantial, modern living space on a generous lot, a combination that is rare city-wide.

• Key Characteristics: The home's most striking feature is its 3,628 sqft of living area, which places it in the top 3% on its own street and the top 1% across Winnipeg. It sits on a 13,042 sqft lot, providing ample outdoor space that is well above the city average. Built in 1983, it is notably newer than most homes in the immediate area, suggesting modern construction and systems. The $1.3M assessed value reflects its elite standing, ranking in the top 5% of its street and top 1% city-wide.
• Where the Appeal Lies: Beyond the impressive statistics, the home offers a less obvious advantage: it provides the space and quality of a true estate-sized property without being isolated. It delivers a "best of both worlds" scenario—substantial privacy and room to breathe on its large lot, while still being part of a mature, prestigious crescent. Its 1980s construction also implies a balance of modern livability without the maintenance demands of a much older character home.
• Ideal Buyer Profile: This property suits buyers for whom space, prestige, and established location are non-negotiable. It is ideal for multi-generational families, those who frequently entertain, or professionals seeking a home office and amenity space. The buyer is likely looking for a turnkey, substantial property that is a definitive step above the average, values the stability of a prime neighborhood, and has the means to acquire a home in the top tier of the city's market.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The data shows it is larger, newer, and more valuable than the vast majority of homes on Victoria Crescent and across Winnipeg. While its lot size is above average for the street, it's important to note that some properties in the broader neighborhood are on even larger lots.

2. What does the 1983 build year mean for maintenance?
Being built in 1983 suggests more contemporary wiring, plumbing, and insulation than a mid-century home, which can mean lower immediate update costs. However, a home of this age may be approaching the natural renewal period for major components like the roof, HVAC, or windows, so a thorough inspection is advised.

3. The assessed value is $1.3M. Will the selling price be similar?
Assessed value is for municipal tax purposes and is a lagging indicator. The selling price is determined by the current market. Given its elite rankings, the selling price will likely be influenced by its rarity and desirability rather than direct comparisons to area averages.

4. Is the lot size a major feature?
Yes, particularly from a city-wide perspective. The lot is in the top 3% in Winnipeg, offering significant outdoor space. On Victoria Crescent itself, the lot is still 50% larger than the street average, providing great privacy and yard potential, though it is not the largest lot in the broader neighborhood.

5. What is the neighborhood context for this property?
Victoria Crescent appears to be a desirable, established street where this home stands out as one of the largest and most valuable. The neighborhood overall features a mix of lot sizes, with this home offering a premium, in-town estate feel rather than a sprawling rural-style property.