Property score
57.0
Fair
Overall 57.0 · Larger but older than most nearby homes
1,120 sqft (top 22%) · Built in 1914 (31 yrs older than avg)
Located in a high-income area with median household income of ~89k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 school, 1 park, and 1 place of worship nearby
Living Area
Above average
15% larger than neighborhood avg.
Year Built
Below average
31 yrs older than neighborhood avg.
Mother tongue
English · 82%French · 4%
Past 10 years Victoria West sales snapshot (~80% of all data)
447
236.5k
$311/sqft
1945
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57.0 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: #46110824
$89K
Median household income
$87K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.3
P90 / P10 ratio
23%
Single-person households
28%
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
515 Victoria Avenue W — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 492 m), 1 parks (nearest 479 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 46% | Top 36% | Bottom 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This 1914-built home at 515 Victoria Avenue W in Winnipeg's Victoria West neighborhood presents a distinct value proposition. Its key appeal lies in being a more compact and historically grounded option within a sought-after area. With 1,120 sqft of living space on a 3,299 sqft lot, it sits well below the averages for both its street and neighborhood in terms of size and land. This creates a specific dynamic: you are purchasing a location within a prime community, but in a home with a notably smaller footprint than its neighbors. The assessed value of $293k reflects this, standing significantly below the street average but closer to the neighborhood norm.
This property would suit a pragmatic first-time buyer or a downsizer seeking entry into the Victoria West area without the premium price tag of its larger counterparts. It’s for someone who values neighborhood character and walkability over square footage, and who is prepared for the realities and potential rewards of maintaining a century-old home. A thoughtful perspective is that its smaller scale could mean lower property taxes and utility costs relative to the area, while its older construction date suggests a potential for heritage charm not found in newer builds.
1. How does the home’s assessed value compare to likely market value?
The assessed value of $293k is a municipal calculation for tax purposes. Notably, it is far below the $447.8k average for its own street, suggesting the market value could be influenced more by the desirable location than by the assessment.
2. What are the implications of the home’s older construction date (1914)?
Built in 1914, the home is older than most in the city and on its street. This often means charming architectural details but also requires a diligent inspection for the condition of foundational, mechanical, and electrical systems that may need updating.
3. Is the smaller lot size a disadvantage?
At 3,299 sqft, the lot is significantly smaller than others on Victoria Avenue W. This means less outdoor maintenance and private space, but it also places the home closer to the street and neighbors than is typical for the area.
4. Why is the living area considered "around average" for the street but "above average" for the neighborhood?
The street itself is lined with larger-than-average homes (avg. 1,381 sqft). The broader Victoria West neighborhood, however, has a much lower average (976 sqft). This shows the home is actually quite spacious compared to many neighborhood homes, but modest on its specific, high-caliber block.
5. Who is this property best suited for?
It’s ideal for a buyer prioritizing location and community in Victoria West over sheer size. It represents a chance to own in a top-ranked neighborhood at a potentially more accessible point, perfect for those comfortable with a cozier, character-filled home that may require thoughtful updates.
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