554 Victoria Grove

Victoria Crescent, Winnipeg

Property score

92.3

Excellent

Overall 92.3 · Newer than most nearby homes

2,474 sqft (top 32%) · Built in 2000 (34 yrs newer than avg)

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

Transit 58.0 · 7-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby

Living Area

Near average

11% larger than neighborhood avg.

Taon ng Paggawa

Above average

34 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

92.3 is composed by the two sections below.

Property Score

90.7Excellent
Living Area96
2,474 sqftExcellent
Taon ng Paggawa84
2000Excellent
Lupa100
24,198 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
2,474 sqft
0255075100
Same streetTop 12%Same areaTop 32%CitywideTop 3%
Same street · Victoria Grove
#48 / 410
Top 12% · Avg 1,381 sqft
Same area · Victoria Crescent
#70 / 220
Top 32% · Avg 2,227 sqft
Citywide · Winnipeg
#6,069 / 194,458
Top 3% · Avg 1,342 sqft

Assessed Value

Elite
1.28M
0255075100
Same streetTop 5%Same areaTop 13%CitywideTop 1%
Same street · Victoria Grove
#22 / 410
Top 5% · Avg 447.8k
Same area · Victoria Crescent
#29 / 220
Top 13% · Avg 792.9k
Citywide · Winnipeg
#855 / 194,458
Top 1% · Avg 390.1k

Taon ng Paggawa

lampas sa average
2000
0255075100
Same streetTop 6%Same areaTop 8%CitywideTop 18%

Lupa

Elite
24,198 sqft
0255075100
Same streetTop 9%Same areaTop 24%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

554 Victoria Grove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 203 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 2/2021CA$0.95M–1M
Presyo ng benta

Parehong kalye

Top 6%

Parehong lugar

Top 19%

Buong lungsod

Top 1%

Related homes

Mga tampok at karaniwang tanong: 554 Victoria Grove, Winnipeg

Property Overview: 554 Victoria Grove

Key Characteristics & Appeal

This is a substantial, modern property on a large lot in Winnipeg's Victoria Crescent neighborhood. Its primary appeal lies in its significant size, contemporary construction, and elite standing when viewed in a wider context. At 2,474 sqft, the living space is notably larger than most homes on its street and ranks within the top 3% citywide. The 24,198 sqft lot is exceptionally private, placing in the top 1% of the city. Built in 2000, the home is decades newer than most of its immediate neighbors, suggesting modern systems and layout.

The property’s assessed value of $1.28M reflects its premium position, ranking in the top 5% on its street and the top 1% across Winnipeg. This creates an interesting dynamic: while the home is a standout on its own street in terms of value, size, and age, it fits more comfortably within the averages of the broader, established Victoria Crescent neighborhood. This suits buyers seeking a spacious, modern home with ample land, without being in a completely new subdivision. It is ideal for those who value privacy and room to grow, and who appreciate a home that is a high-caliber asset on both a local and citywide scale.


Frequently Asked Questions

Q: How does a 2000-built home fit in a neighborhood with older averages?
A: The home is newer than most on the street (avg. 1951) and in the area (avg. 1966). This typically means more contemporary construction standards, floor plans, and mechanical systems, offering modern convenience within a mature neighborhood setting.

Q: The assessed value seems high relative to the street average. What does this indicate?
A: With an assessed value in the top 5% on the street, this property is considered a premium asset on its block. This is likely due to the combination of its large lot, significant living area, and newer construction. It's important to review recent upgrades and the specific condition to understand the valuation fully.

Q: Is the lot size practical or mostly for prestige?
A: At over half an acre and in the top 1% citywide, the lot offers exceptional privacy and space for gardens, recreation, or potential expansions (subject to zoning). It provides a rare sense of openness for an in-city property.

Q: The neighborhood ranking for living area is "around average." Is the house small for the area?
A: No. The "around average" ranking means it aligns with the typical larger homes in Victoria Crescent. The more telling statistic is that it far exceeds the city average, confirming it is a spacious home by any measure, just more in line with its immediate upscale neighborhood.

Q: What is the main takeaway from the tiered rankings (Street, Neighborhood, City)?
A: They show the property is a dominant standout on its specific street, a strong performer in its neighborhood, and an elite-level home when compared to the entire city of Winnipeg. This layered perspective helps identify where its premium value is most concentrated.