Property score
40.6
Below average
Overall 40.6 · Older than most nearby homes
848 sqft (bottom 31%) · Built in 1912 (33 yrs older than avg)
Located in a above-average income area with median household income of ~67k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 6 dining spots, 2 schools, 4 parks, and 1 fuel station nearby
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Below average
33 yrs older than neighborhood avg.
Mother tongue
English · 81%Tagalog · 4%
Past 10 years Victoria West sales snapshot (~80% of all data)
447
236.5k
$311/sqft
1945
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
40.6 is composed by the two sections below.
Property Score
Community Score
Victoria West
How to read: Share of sales in each ~$50k price band for “victoria west” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110831
$67K
Median household income
$71K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
48%
Single-person households
14%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
115 Ravelston Avenue W — 16 amenities found within 500 m, across 5 categories, including 6 dining (nearest 248 m), 2 education (nearest 161 m), 4 parks (nearest 74 m).
Victoria West · WPS public data · 2026
Annual incidents
9
2026
vs. city avg
-69%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
56%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
This home at 115 Ravelston Avenue W presents a distinct profile within Winnipeg's Victoria West community. Its key characteristic is its position as a more compact and affordable entry point into a desirable neighborhood. With 848 sqft of living space, it is notably smaller than both the street and city averages, suggesting a efficient, manageable layout. The 1912 build date places it among the older homes in the area, offering classic character but also implying a need for careful attention to maintenance and updates. The most striking figure is its assessed value for taxes, which ranks at the very bottom of its immediate area, indicating significantly lower property taxes compared to neighbors—a major ongoing cost advantage.
The appeal lies in this combination of location and lower carrying costs. It suits first-time buyers seeking a foothold in an established neighborhood without the premium price tag, or investors looking for a rental property with a favorable tax overhead. It may also appeal to downsizers who value location over square footage. A less obvious perspective is that the small land size (2,100 sqft) translates to minimal yard maintenance, which can be a hidden benefit for those seeking a low-maintenance lifestyle without moving to a condo. However, the data clearly signals that this is a value-oriented proposition, not a premium one, ideal for practical buyers who prioritize financial efficiency and location over size and newness.
Frequently Asked Questions
1. What does the "below average" assessment value mean for me?
It primarily means your municipal property taxes will be substantially lower than those of your neighbors and the area average. This is a recurring annual saving. It does not directly dictate market selling price, but often correlates with it.
2. As a 1912 home, what should I be most concerned about?
While offering charm, a home of this age requires a vigilant inspection. Key focuses should be the foundation, roof, plumbing and electrical systems (which may have been updated over time), and insulation. Budgeting for ongoing maintenance is essential.
3. The living space is smaller than average. How might that affect daily life?
The layout and efficiency of the space will be crucial. It likely means fewer or smaller rooms, limited storage, and a need for thoughtful furniture choices. It's well-suited for individuals, couples, or those comfortable with cozy, minimalist living.
4. The land size is very small. What are the pros and cons?
The clear advantage is minimal yard work—less time and money spent on landscaping. The downside is very limited private outdoor space, little room for expansions like decks or additions, and typically closer proximity to neighboring houses.
5. It ranks low in many categories. Is this a bad investment?
Not necessarily. It represents a specific market segment: affordable access to a good location. Its value proposition is lower entry cost and lower taxes. Potential for appreciation is tied more to neighborhood trends and the condition of the home itself rather than outperforming on size or assessed value metrics.
