Property score
50.5
Fair
Overall 50.5 · Smaller but newer than most nearby homes
793 sqft (bottom 24%) · Built in 1956 (11 yrs newer than avg)
Located in a high-income area with median household income of ~94k
Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 8 dining spots, 1 school, 4 healthcare facilitys, and 1 shop nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Above average
11 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 5%
Past 10 years Victoria West sales snapshot (~80% of all data)
447
236.5k
$311/sqft
1945
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50.5 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: #46110825
$94K
Median household income
$111K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
25%
Single-person households
30%
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
705 Ravelston Avenue W — 22 amenities found within 500 m, across 8 categories, including 8 dining (nearest 338 m), 1 education (nearest 220 m), 4 healthcare (nearest 385 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 37% | Top 21% | Bottom 37% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 21% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 705 Ravelston Avenue W, Victoria West, Winnipeg
Section 1: Key Characteristics & Appeal
This 793 sqft bungalow, built in 1956 on a 4,299 sqft lot, presents a practical and affordable entry point into the established Victoria West neighborhood. Its core appeal lies in its relative value and position within a mature community. While the living space is notably compact compared to city and street averages, the assessed value of $293k is comfortably below the Winnipeg average, offering a lower financial barrier to entry for the area.
The property suits first-time buyers, downsizers, or investors seeking a manageable footprint without sacrificing location. Its lot size is typical for the immediate neighborhood, preserving a sense of space. A thoughtful perspective is that a home of this vintage in a well-ranked neighborhood often provides a solid "bones" and the opportunity to tailor renovations over time, allowing equity to grow through strategic updates rather than paying a premium for a fully modernized finish.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 793 sqft, the home is cozier than many in Winnipeg. It requires efficient use of space but can be ideal for individuals, couples, or those looking to minimize maintenance and utility costs.
2. How does the value compare?
The assessed value is very close to the neighborhood average and significantly below the citywide average. This suggests you are paying primarily for the Victoria West location, with the home itself priced accessibly.
3. What does the "Below Average" living area ranking mean for resale?
While the size is below average, it also translates to a below-average price point for the area. This creates a specific niche that can be attractive in the future to buyers with similar priorities: location and lot over sheer interior square footage.
4. Is the 1956 build date a concern?
The home is slightly newer than many in Victoria West. Buyers should budget for expected updates common to houses of this era, such as windows, roofing, or mechanical systems, but it is not among the oldest in the area.
5. How does the lot size impact potential?
The lot is very close to the neighborhood average, which is valuable in an inner-city community. It provides standard outdoor space and maintains the streetscape character, but is not oversized for major expansions without careful planning.
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