Property score
47.1
Below average
Overall 47.1 · Smaller than most nearby homes
744 sqft (bottom 15%) · Built in 1955 (10 yrs newer than avg)
Located in a high-income area with median household income of ~89k
Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 1 school, 3 parks, and 1 place of worship nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Near average
10 yrs newer 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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47.1 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
531 Yale Avenue W — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 391 m), 3 parks (nearest 461 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 36% | Top 17% | Bottom 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 35% | Bottom 46% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 531 Yale Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 1955-built home in Victoria West presents a distinct profile centered on value and potential. Its primary characteristic is a modest 744 sqft living area, which is notably smaller than averages for the street, neighborhood, and city. This is balanced by a lot size of 4,499 sqft that is very much in line with the local neighborhood average, offering valuable outdoor space. The assessed value of $287K sits comfortably around the neighborhood average, suggesting a fair entry point into this area.
The appeal lies in a pragmatic opportunity. It suits a specific buyer: someone seeking a foothold in a well-established neighborhood without a premium price tag, who is comfortable with a cozy footprint or sees potential for a thoughtful expansion (subject to permits and feasibility). It’s a home that prioritizes land and location over square footage. A less obvious perspective is that its smaller size and older construction date (newer than many on its street) could translate to lower utility costs and a more manageable scale for maintenance, appealing to downsizers or first-time buyers focused on efficiency.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 744 sqft, the home is compact. It will suit those with simpler spatial needs or those viewing it as a strategic investment in the neighborhood, with the lot providing optionality for the future.
2. How does the assessed value compare?
The $287K assessment is very close to the Victoria West neighborhood average ($281.8K), but below the average for its specific street and the city overall. This indicates you are paying primarily for the neighborhood location rather than for the home's size or condition.
3. What does the 1955 build year mean?
Built in 1955, the home is newer than many on its block. This can be positive, but it remains an older property. A thorough inspection is essential to understand the state of its major systems, roof, and envelope.
4. Is the lot size a positive factor?
Yes. The 4,499 sqft lot is a key asset, aligning with the neighborhood standard. It provides generous outdoor space for gardens, recreation, or parking, which is a valuable commodity not reflected in the living area square footage.
5. Who would this property suit best?
It’s ideal for a minimalist, a first-time buyer focused on location, or an investor looking for a land-value play in Victoria West. It may be less suitable for those requiring ample indoor space without immediate plans to renovate or expand.
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