Property score
58.7
Fair
Overall 58.7 · Newer than most nearby homes
1,037 sqft (top 32%) · Built in 1956 (11 yrs newer than avg)
Located in a high-income area with median household income of ~89k
Transit 82.0 · 6-min walk to transit with 5 nearby routes · Within 500m: 2 dining spots, 1 school, 4 parks, and 1 place of worship nearby
Living Area
Near average
6% larger than neighborhood avg.
Year Built
Above average
11 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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58.7 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: #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
540 Ravelston Avenue W — 8 amenities found within 500 m, across 4 categories, including 2 dining (nearest 488 m), 1 education (nearest 355 m), 4 parks (nearest 416 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 20% | Top 8% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 540 Ravelston Avenue W in Victoria West presents a solid, mid-century property with a balanced profile. Built in 1956, its 1,037 sqft living space and 4,299 sqft lot are both very close to the averages for its immediate neighborhood, indicating it's a typical offering for the area. The key standout is its assessed value for taxes, which ranks in the top 25% on its street and the top 11% within Victoria West, suggesting the property is viewed favorably by assessors compared to its local peers, potentially due to condition, improvements, or its specific location on the block.
Its appeal lies in its established community setting and relative consistency. It suits buyers looking for a home in a mature neighborhood without extreme outliers in size or lot, offering a sense of predictability. It would particularly fit a first-time buyer or downsizer seeking a manageable property in a well-regarded area, where the above-average assessment might hint at stable or growing value relative to the local market. A thoughtful perspective is that this home represents the "reliable middle" of its community—not the largest or newest, but a property that holds its ground, which can be a strategic and lower-risk entry point into a desirable area.
Frequently Asked Questions
1. What does the above-average tax assessment ranking actually mean for me?
It indicates that the municipal property assessment for this home is higher than most comparable homes in Victoria West. This typically reflects a favorable official valuation of the property itself, but it also means your property tax bill will likely be higher than if the assessment were at or below the neighborhood average.
2. The home is older than the city average. Should I be concerned about major updates?
The building year (1956) is actually newer than the average for Victoria West, meaning many homes in this specific community are older. While this is a positive within the neighborhood, it remains essential to investigate the condition of key systems like plumbing, electrical, and the roof, as major components may be nearing or past their typical lifespan.
3. The lot size is smaller than the street average. How much of an issue is this?
While the lot is smaller than the average for Ravelston Avenue W, it is very close to the typical lot size for the wider Victoria West community. This suggests the street may have a mix of lot sizes, and this property is more representative of the neighborhood norm. It offers a balanced outdoor space typical for the area.
4. How competitive is the living space compared to other homes?
The living area is almost exactly the neighborhood average (976 sqft vs. this home's 1,037 sqft). It provides a comfortable, standard amount of space for the community. It ranks lower city-wide simply because newer suburban homes tend to be larger, but within its established urban neighborhood, it is squarely in the mainstream.
5. Do these rankings tell me if the home is good value?
The rankings provide context, not a value verdict. They show this home is priced (via assessment) at a premium within its immediate area, while its physical attributes are very typical. A buyer should weigh whether the factors leading to the higher assessment—such as renovations, layout, or precise location—justify that premium relative to other homes in Victoria West.
