Property score
47.9
Below average
Overall 47.9 · Smaller but newer than most nearby homes
768 sqft (bottom 19%) · 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 5 parks nearby
Living Area
Below average
21% 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
561 Ravelston Avenue W — 16 amenities found within 500 m, across 6 categories, including 5 dining (nearest 414 m), 1 education (nearest 290 m), 3 healthcare (nearest 453 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 50% | Top 39% | Bottom 26% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Bottom 40% | Bottom 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 561 Ravelston Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This Victoria West home presents a practical and value-conscious opportunity in a well-established neighbourhood. Its key characteristic is efficient scale: at 768 sqft, the living space is notably compact compared to averages on its street, in the area, and across Winnipeg. This is balanced by a land area of 4,399 sqft, which is above average for Victoria West, offering valuable outdoor space relative to the home’s footprint.
The appeal lies in its financial accessibility and potential. With an assessed value ($294k) that sits around the neighbourhood average but significantly below the citywide average, it represents a more affordable entry point into the Winnipeg market. The 1956 build date places it as a newer home within its historic neighbourhood context. This property would suit first-time buyers, downsizers, or pragmatic investors seeking a manageable footprint without sacrificing yard space. It’s for those who see potential in a smaller, efficient home on a good lot, possibly as a long-term hold or a candidate for thoughtful expansion, rather than those seeking immediate move-in size.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 768 sqft, it is smaller than most single-family homes in Winnipeg. It requires efficient use of space and would suit individuals, couples, or small families comfortable with a cozy, low-maintenance interior layout.
2. Why is the assessed value relatively low compared to the city?
The assessed value reflects the home’s smaller living area and is in line with neighbourhood pricing. It indicates you are paying primarily for location and land, with the structure itself valued modestly—a common scenario for older, compact homes in established areas.
3. What does "above average" land area for the neighbourhood mean?
While the lot is smaller than the street average, it is slightly larger than the typical Victoria West lot. This means you get more private outdoor space than many nearby properties, which is a valued asset.
4. Is a 1956-built home a concern?
Built in 1956, this home is newer than many in Victoria West. While still requiring a thorough inspection for systems like wiring and plumbing common to its era, it may have fewer age-related issues than its pre-war neighbours.
5. How should I interpret the ranking data?
The rankings show this property offers a trade-off: you are acquiring a lot that is better than many in the area, but a house that is smaller than most. Its value and age are competitive within the immediate neighbourhood, making it a very localized, balanced proposition rather than a standout in any single citywide category.
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