501 Victoria Grove

Victoria Crescent, Winnipeg

Property score

93.7

Excellent

Overall 93.7 · Larger and newer than most nearby homes

3,583 sqft (top 7%) · Built in 1998 (32 yrs newer than avg)

Located in a high-income area with median household income of ~159k

Transit 52.0 · 6-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby

Living Area

Above average

61% larger than neighborhood avg.

Taon ng Paggawa

Above average

32 yrs newer than neighborhood avg.

Mother tongue

English · 80%French · 5%

Past 10 years Victoria Crescent sales snapshot (~80% of all data)

Sold Count

67

Median price

715k

$/sqft

$361/sqft

Avg build year

1966

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Property score

93.7 is composed by the two sections below.

Property Score

93.1Excellent
Living Area100
3,583 sqftExcellent
Taon ng Paggawa84
1998Excellent
Lupa100
22,476 sqftExcellent
Neighbourhood Sales Activity26
Low

Community Score

94.6Excellent
Household Income94
Excellent
Education Level100
Excellent
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health76
Good

Istatistika ng benta ng komunidad

Victoria Crescent

How to read: Share of sales in each ~$50k price band for “victoria crescent” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110467

Community deep dive

$159K

Median household income

$236K

Average household income

6%

Low income (LIM-AT)

0.5

Income inequality (Gini)

5.5

P90 / P10 ratio

20%

Single-person households

40%

Families with children

Population, labour & age

Population (2021)467
Labour force participation rate67%
Median age48.8
Avg household size2.7
Unemployment rate3%
Population density898 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households20%
Couple families with children40%
Median household income (2020)$159K

Housing

Renter households11%
Condominium dwellings0%
Median dwelling value (owners)$750K

Diversity, education & language

Immigrants (share of pop.)9%
Visible minority15%
Bachelor's or higher (25–64)64%
Mother tongue (1st)English · 79%
Mother tongue (2nd)French · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

Elite
3,583 sqft
0255075100
Same streetTop 3%Same areaTop 7%CitywideTop 1%
Same street · Victoria Grove
#13 / 410
Top 3% · Avg 1,381 sqft
Same area · Victoria Crescent
#16 / 220
Top 7% · Avg 2,227 sqft
Citywide · Winnipeg
#817 / 194,458
Top 1% · Avg 1,342 sqft

Assessed Value

Elite
1.41M
0255075100
Same streetTop 3%Same areaTop 8%CitywideTop 1%
Same street · Victoria Grove
#12 / 410
Top 3% · Avg 447.8k
Same area · Victoria Crescent
#17 / 220
Top 8% · Avg 792.9k
Citywide · Winnipeg
#556 / 194,458
Top 1% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1998
0255075100
Same streetTop 7%Same areaTop 10%CitywideTop 18%

Lupa

Elite
22,476 sqft
0255075100
Same streetTop 12%Same areaTop 30%CitywideTop 1%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

501 Victoria Grove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 308 m).

Search radius
🌳Parks2

Crime & Safety

Victoria Crescent · WPS public data · 2025

Annual incidents

15

2025

vs. city avg

-49%

relative to avg

Year-over-year

▲ +114%

vs. prior year

Primary type

Property

87%

Kasaysayan ng Benta

Naibenta 3/2020CA$1.1M–1.15M
Presyo ng benta

Parehong kalye

Top 5%

Parehong lugar

Top 17%

Buong lungsod

Top 1%

Related homes

Mga tampok at karaniwang tanong: 501 Victoria Grove, Winnipeg

Property Overview

This home at 501 Victoria Grove stands out for its significant scale and premium positioning within its surroundings. Its appeal lies in offering a rare combination of a large, modern residence on an expansive lot, all within a well-established area. The property is not merely above average; it ranks in the top tier locally and city-wide for its key attributes.

Key Characteristics & Ideal Buyer

The home’s primary strength is its substantial size. With 3,583 sqft of living space, it is over 2.5 times larger than the average Winnipeg home and places in the top 1% city-wide. It was built in 1998, making it notably newer than most homes in the Victoria Grove and Victoria Crescent area, which typically date to the mid-20th century. The property sits on a 22,476 sqft lot, which is exceptionally large for the city (top 1%) and provides ample private outdoor space even within its upscale neighborhood.

The $1.41M municipal assessment reflects this premium package, ranking in the top 3% of its street and top 1% of Winnipeg. The appeal here is for buyers seeking a move-in ready, spacious family estate without the maintenance concerns of a century-old property. It suits those who value both privacy (afforded by the large lot) and a sense of established community, as well as buyers for whom space—both indoors and out—is a non-negotiable priority. A less obvious perspective is that this property offers a "modern legacy" home: the generous proportions and newer construction provide a long-term foundation for a family, without the immediate need for major updates or expansions that older, character homes often require.


Frequently Asked Questions

1. What does the high municipal assessment ($1.41M) indicate?
It primarily reflects the city’s valuation for property tax purposes, based on factors like lot size, living area, age, and location. It confirms the property is positioned in the premium market segment, but the final sale price is determined between buyer and seller.

2. How does the 1998 build year compare to the neighborhood?
It is a distinctly newer home. The average build year on Victoria Grove is 1951, and in Victoria Crescent it's 1966. This suggests more contemporary construction standards, layouts, and systems, potentially reducing near-term renovation needs compared to neighboring properties.

3. The land is in the top 1% city-wide, but only top 30% in the local area. Why?
This highlights the nature of the Victoria Crescent community itself. The area is comprised of larger-than-average properties, so while this lot is massive by general Winnipeg standards, it is more in line with—though still above—the local norm for premium neighborhoods.

4. What is the practical benefit of the ranking data provided?
It offers concrete, comparative context beyond simple square footage or price. Seeing that the living space is in the top 1% city-wide objectively quantifies its rarity. It helps you understand exactly where this property sits relative to its immediate street, wider community, and the entire city.

5. Are there any apparent trade-offs for this size and newer build?
The property offers less of the classic architectural character found in older homes in the area. Buyers seeking traditional period details may find the 1998 design more modern and functional than historic. The lot, while huge, is not the largest on the street (ranking 48th out of 410), so absolute maximum privacy within this specific enclave may vary.