Property score
51.7
Fair
Overall 51.7 · Smaller but newer than most nearby homes
821 sqft (bottom 27%) · Built in 1988 (43 yrs newer than avg)
Located in a above-average income area with median household income of ~71k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 2 parks, and 4 place of worships nearby
Living Area
Below average
16% smaller than neighborhood avg.
Year Built
Above average
43 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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51.7 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
331 Regent Avenue W — 9 amenities found within 500 m, across 3 categories, including 3 dining (nearest 339 m), 2 parks (nearest 139 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 | Top 26% | Top 28% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 821 sqft home at 331 Regent Avenue W in Victoria West presents a compelling mix of modern convenience and value. Built in 1988, it is notably newer than most homes in its immediate area and neighborhood, offering potential advantages in building materials and systems. With an assessed value of $299,000, it sits above the street average but remains well below the Winnipeg city average, positioning it as a relative value within a broader urban context. The lot size is compact at 3,300 sqft, which translates to lower maintenance.
Its appeal lies in this balance: it’s a newer, efficiently sized home in an established neighborhood, priced accessibly for the city. It would suit first-time buyers, downsizers, or investors seeking a modern property without a premium city-wide price tag. A thoughtful perspective is that its smaller scale and newer construction could mean lower immediate repair costs and heating bills compared to older, larger area homes, allowing budget for personal updates.
Frequently Asked Questions
Q: How does the smaller living area impact daily life?
A: At 821 sqft, the home is efficient and easier to maintain. It encourages a simpler lifestyle and is well-suited for individuals, couples, or small families. The trade-off for less space is a lower price point and potentially reduced utility costs.
Q: The assessed value is above the street average. Does that mean it's overpriced?
A: Not necessarily. The above-average assessment is closely tied to the home being significantly newer (1988) than most neighbors (street average year built is 1952). This suggests the valuation reflects its more modern construction, which can be a justified premium.
Q: What are the implications of the smaller lot size?
A: The 3,300 sqft lot means less yard work and lower exterior maintenance costs. It offers enough space for a patio or garden but not for extensive expansions. This can be a positive for those seeking a low-maintenance property.
Q: Is the property a good investment compared to the rest of Winnipeg?
A: The city-wide rankings show its price and size are below average for Winnipeg, while its age is above average. This could indicate room for value growth as it's a newer home in an affordable segment, potentially appealing to a broad buyer pool.
Q: The neighborhood ranking for "Year Built" is "Elite." What does that mean practically?
A: Ranking in the top 4% for age in Victoria West means this is one of the newest homes in the entire area. Practically, this often translates to more contemporary wiring, plumbing, insulation, and windows, leading to improved energy efficiency and potentially fewer major repairs in the near term.
