Property score
41.5
Below average
Overall 41.5 · Smaller and older than most nearby homes
650 sqft (bottom 4%) · Built in 1920 (25 yrs older than avg)
Located in a high-income area with median household income of ~89k
Transit 92.0 · 3-min walk to transit with 5 nearby routes · Within 500m: 1 school, 1 park, and 2 place of worships nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Below average
25 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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41.5 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
518 Yale Avenue W — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 476 m), 1 parks (nearest 490 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 16% | Bottom 20% | Bottom 11% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 5% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This 1920-built home at 518 Yale Avenue W in Winnipeg's Victoria West neighborhood presents a distinct value proposition. Its key characteristic is its modest 650 sqft living area, which is notably smaller than average for the street, neighborhood, and city. This is reflected in its assessed value of $228k, which sits well below area averages. The lot size of 3,958 sqft is fairly typical for the local area but smaller than the citywide norm. The home's appeal lies in its position as an accessible entry point into the market, offering a lower barrier to ownership. It would suit first-time buyers, investors looking for a rental property, or downsizers seeking a manageable footprint without a large mortgage. A thoughtful perspective is that this smaller, efficiently sized home could align well with minimalist or sustainable living goals, offering lower utility costs and less maintenance. Its established age also means it's in a mature neighborhood with settled character.
1. Why is the assessed value so much lower than the street average?
The primary reason is the home's significantly smaller living area (650 sqft vs. a street average of 1,539 sqft). Assessed value is heavily influenced by the size, condition, and features of the property.
2. What does the ranking data (e.g., "Top 97%") actually mean?
A "Top 97%" rank for living area means the home is smaller than 97% of comparable properties on that street—it's a percentile ranking. A higher percentage indicates the property is further below the average for that specific metric.
3. Is the smaller living area a disadvantage?
It depends on your needs. It's a limitation for those requiring more space but can be an advantage for those seeking lower costs, easier maintenance, and a more efficient layout. It's crucial to view the interior to see if the space is well-utilized.
4. How does the lot size compare to nearby properties?
At just under 4,000 sqft, the lot is moderately sized for the Victoria West neighborhood (around average) but is smaller than the typical lot across Winnipeg. This may still allow for a decent yard or garden space.
5. What should I investigate further given the home's age?
While built in 1920, its systems (roof, wiring, plumbing, foundation, and insulation) and any subsequent updates are more important than the build date itself. A thorough home inspection is essential to understand the property's current condition and potential future investments.
