Property score
34.7
Below average
Overall 34.7 · Smaller and older than most nearby homes
576 sqft (bottom 1%) · Built in 1912 (33 yrs older than avg)
Located in a above-average income area with median household income of ~71k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 3 parks, and 4 place of worships nearby
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Below average
33 yrs older 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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34.7 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 Victoria Avenue W — 9 amenities found within 500 m, across 3 categories, including 2 dining (nearest 400 m), 3 parks (nearest 69 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 2% | Bottom 3% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, early 20th-century home built in 1912, offering 576 square feet of living space on a 2,700 sqft lot at 331 Victoria Avenue W in Winnipeg's Victoria West area. With an assessed value significantly below local averages, its key characteristic is its position as a modest entry point into the market. The appeal lies not in size or modern amenities, but in affordability and potential. It represents a rare opportunity to own a standalone home in the city at a accessible price point, suited for a first-time buyer willing to live minimally or an investor looking for a straightforward rental property. Its age and smaller scale also make it a candidate for someone interested in a historically conscious renovation, though it requires a buyer comfortable with a home that ranks well below neighborhood and city averages for size, lot dimensions, and assessed value.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The assessed value reflects the home's significantly smaller size (both living area and lot), older age, and likely its current condition and features compared to the larger, more modernized homes that make up the street's average.
2. What type of buyer is this home best suited for?
It's best suited for a budget-conscious first-time homebuyer prioritizing ownership in the city over space, or an investor seeking a lower-cost rental property. It requires a practical buyer comfortable with a compact layout and potential updates.
3. Can this home be expanded or renovated?
Given its smaller lot size relative to the neighborhood, expansion possibilities are more limited than on larger parcels. Any significant renovation would need to focus on optimizing the existing footprint and modernizing systems, within the context of a 1912 build.
4. Is the low ranking in living area a major concern?
It's the defining characteristic of the property. It means the home offers less than half the average space of others in the area. This isn't a concern if you seek a minimalist lifestyle or a cozy starter home, but it's a significant consideration for those needing room to grow.
5. Does the older year built mean there will be more problems?
A home from 1912 will likely have older infrastructure (plumbing, electrical, foundation) that requires careful inspection. While it carries charm and character, budgeting for maintenance and potential updates is essential compared to a newer build.
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