Property score
47.9
Below average
Overall 47.9 · Smaller but newer than most nearby homes
784 sqft (bottom 22%) · Built in 1956 (11 yrs newer than avg)
Located in a high-income area with median household income of ~89k
Transit 92.0 · 5-min walk to transit with 5 nearby routes · Within 500m: 5 dining spots, 1 school, 3 healthcare facilitys, and 4 parks nearby
Living Area
Below average
20% smaller 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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47.9 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
557 Ravelston Avenue W — 15 amenities found within 500 m, across 6 categories, including 5 dining (nearest 428 m), 1 education (nearest 302 m), 3 healthcare (nearest 465 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 32% | Bottom 35% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 557 Ravelston Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 784 sqft bungalow, built in 1956, presents a practical and affordable entry point into the established Victoria West neighborhood. Its key appeal lies in its balance of a manageable scale with a proportionally generous 4,399 sqft lot, which is notably larger than many of its immediate neighbors. While the living space is compact compared to broader city averages, the property’s assessed value of $289K sits comfortably around the neighborhood average, offering relative value within this specific, sought-after area.
The home suits first-time buyers, downsizers, or investors seeking a lower-maintenance footprint without sacrificing outdoor space. Its "around average" valuation on its street suggests it’s priced in line with the local market, avoiding a premium for size while providing a solid lot. A thoughtful perspective is that this property represents an opportunity to own a character home in a mature area where the value is anchored more in location and land potential than in square footage, appealing to those who prioritize location and lot over a large interior.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 784 sqft, the home is cozier than the Winnipeg average but is quite typical for its neighborhood and street. It’s a efficient layout suited for individuals, couples, or small families comfortable with a more compact, easier-to-maintain space.
2. How does the lot size compare?
The 4,399 sqft lot is a standout feature. It ranks in the top 26% on Ravelston Avenue W, meaning it’s larger than most direct neighbors. This offers valuable outdoor space and potential for gardening, expansion, or simply more privacy.
3. What does the assessed value tell me?
The $289K assessment is very close to the neighborhood average ($281.8K). This indicates the property is not overvalued for the area and may present a realistic, competitive price point in the local market.
4. Is a 1956-built home a concern?
The build year is newer than many in Victoria West, ranking in the top 22% for the neighborhood. While still a mature home requiring due diligence, it is relatively newer compared to other character homes in the area.
5. How does this property rank overall in the city?
City-wide, it ranks in the top 74% by assessed value, meaning it’s more affordable than most of Winnipeg. However, its living area is smaller than the city norm. This highlights its profile: an affordable, land-advantaged property in a established neighborhood, trading interior size for location and lot.
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