Property score
43.7
Below average
Overall 43.7 · Smaller than most nearby homes
700 sqft (bottom 8%) · Built in 1946 (1 yr newer than avg)
Located in a above-average income area with median household income of ~71k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 6 dining spots, 3 parks, 1 fuel station, and 5 place of worships nearby
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 83%Tagalog · 3%
Past 10 years Victoria West sales snapshot (~80% of all data)
447
236.5k
$311/sqft
1945
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43.7 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: #46110832
$71K
Median household income
$87K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
36%
Single-person households
21%
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
312 Victoria Avenue W — 15 amenities found within 500 m, across 4 categories, including 6 dining (nearest 313 m), 3 parks (nearest 158 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 26% | Bottom 43% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 312 Victoria Avenue W, Winnipeg
Key Characteristics & Appeal
This home presents a clear value-oriented opportunity in Winnipeg's Victoria West neighborhood. Its primary characteristic is its modest scale, with a living area of 700 sqft situated on a 4,050 sqft lot, placing it below local and city averages for size. Built in 1946, it is typical for the area's housing stock. The standout feature is its assessed value of $236k, which is significantly below the averages for its street ($447.8k), neighborhood ($281.8k), and the wider city ($390.1k). This creates a compelling entry point into the market.
The appeal lies in its affordability and potential. It suits first-time buyers seeking a foothold in a mature neighborhood without a premium price tag, or investors looking for a rental property with a lower initial outlay. It may also attract those who prefer a smaller, more manageable footprint and wish to customize a home over time. A less obvious perspective is that its below-average metrics across the board could indicate less competition from buyers chasing turn-key or larger properties, allowing for a more straightforward purchase process focused on fundamentals and future potential.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The assessed value is based on the property's specific attributes, primarily its smaller-than-average living space and lot size compared to other homes on Victoria Avenue W. It reflects the property's current physical and market characteristics, not the potential value after renovations or market shifts.
2. What does the "Below Average" ranking for living area mean for daily life?
It confirms the home is compact. This means efficient use of space is essential, but it also translates to lower utility costs and less maintenance. It's well-suited for individuals, couples, or those comfortable with a cozy layout.
3. Is the 1946 build date a concern?
It's around average for the Victoria West area. While it means the home may have older building materials and systems, it's also typical of the neighborhood's character. A thorough inspection is always recommended to understand the condition of the roof, wiring, plumbing, and foundation.
4. How does the lot size compare, and what are the implications?
At 4,050 sqft, the lot is around average for the immediate neighborhood but below the city average. It provides a decent outdoor space for a small garden or patio without the high maintenance of a much larger yard. The ranking suggests it's a standard urban lot for the area.
5. Who would this property NOT be suitable for?
It may not suit buyers looking for a move-in-ready home with modern, open-concept layouts, or families requiring multiple large bedrooms and abundant living space. Those seeking a property that immediately aligns with or exceeds neighborhood averages in size and value might find it too much of a project.
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