Property score
50.8
Fair
Overall 50.8 · Older than most nearby homes
1,010 sqft (top 38%) · Built in 1928 (17 yrs older than avg)
Located in a above-average income area with median household income of ~67k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 6 dining spots, 2 schools, 3 parks, and 1 fuel station nearby
Living Area
Near average
3% larger than neighborhood avg.
Year Built
Below average
17 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
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50.8 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
508 Bond Street — 16 amenities found within 500 m, across 5 categories, including 6 dining (nearest 260 m), 2 education (nearest 252 m), 3 parks (nearest 175 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 39% | Top 39% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 508 Bond Street presents a balanced offering in Winnipeg's Victoria West community. Built in 1928, it features 1,010 sqft of living space on a 3,659 sqft lot, with a municipal assessed value of $287,000. Its core appeal lies in its established neighborhood setting and relative value. When compared locally on Bond Street and within Victoria West, the property consistently performs near or just below the area averages for size, lot, and value, indicating it's a typical home for this specific locale. However, compared to the entire city of Winnipeg, it sits notably below averages in living space, lot size, and assessed value, which highlights its position as a more accessible entry point into the detached home market within a mature, central area.
The property would suit a first-time buyer or a downsizer seeking a character home in a settled neighborhood without a premium price tag. It’s for someone who values location and community character over sheer size or modern construction. A thoughtful perspective is that its "below city average" metrics are actually its advantage, offering a manageable scale and tax burden. Its 1928 vintage suggests potential for classic architectural details but also implies a need for diligent maintenance and updates.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it is very much in line with its immediate surroundings. On Bond Street and in Victoria West, it ranks close to the average for living space, lot size, and assessed value. This means it's a representative, not an outlier, property for this specific neighborhood.
2. The assessment is below the Winnipeg average. Is that good or bad?
This is a key point. While the assessed value is below the citywide average, it is competitive within Victoria West. This typically translates to relatively lower property taxes compared to many other parts of Winnipeg, which is a financial advantage for the owner.
3. What should I consider about a home built in 1928?
Homes of this era often possess solid construction and charming details. However, prospective buyers should prioritize inspections for the age of major systems (like plumbing, electrical, and heating), insulation, and the condition of the foundation and roof. Renovations may need to balance modern efficiency with preserving historical character.
4. The lot size is smaller than the city average. Is the yard still usable?
At over 3,600 sqft, the lot is still a good size for a city home, likely accommodating a decent backyard. It's smaller than newer suburban lots but is typical for the central, established neighborhood. It offers outdoor space without the high maintenance of a very large plot.
5. Who would this property not suit?
It may not be ideal for buyers seeking a large, modern, move-in-ready home with expansive square footage. Those needing multiple large bedrooms, extensive entertaining space, or a blank canvas for new construction would likely find it limiting. It's best for those comfortable with the scale and upkeep of a nearly century-old home.
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