Property Overview

This home at 805 Day Street in Victoria West presents a practical and value-conscious opportunity. Its key appeal lies in offering above-average interior space for its immediate area while carrying a property tax assessment that is notably below the Winnipeg average. Built in 1949, it is a character home typical of its neighbourhood era.

Key Characteristics & Ideal Buyer

The standout feature is the 1,100 sqft living area, which ranks in the top 14% on its own street and top 24% within the Victoria West community, offering more space than many local comparables. This is balanced by a municipal assessment for tax purposes of $282,000, which sits below both the street and city-wide averages, suggesting a potentially favourable tax burden relative to the space you get. The lot size of 3,660 sqft is manageable and in line with neighbourhood norms.

The home’s appeal is grounded in value and location. It suits a first-time buyer or pragmatic investor looking for a character home in an established central neighbourhood, who prioritizes interior square footage and operational cost efficiency (as indicated by the assessment) over a newer build or a very large lot. It’s a property that offers more house for your dollar within the community, though likely requiring an appreciation for maintenance and updates consistent with its age.

Frequently Asked Questions

1. What does the "below average" assessment value really mean?
A lower assessment value compared to city and street averages typically results in a lower municipal property tax bill. This can be a significant and ongoing cost saving, making the home more affordable to hold annually.

2. The home is older than most on its street. Should I be concerned?
While the 1949 build date is older than the street average, it is very close to the average for the wider Victoria West community. This suggests the home is representative of the area's housing stock. A thorough inspection is crucial to understand the condition of major systems like plumbing, electrical, and the foundation.

3. The living space ranks high, but the lot size is average. What's the trade-off?
This indicates the house utilizes its lot efficiently, providing generous interior space on a standard city lot. It’s ideal for those who value indoor living area over extensive yard maintenance or large outdoor space.

4. How useful are these comparative rankings?
They provide excellent context. They show that while this home offers space advantages within its specific community, its value proposition becomes even clearer when viewed against the whole Winnipeg market, where you get more interior space for a lower-than-typical assessed value.

5. Are there any less obvious points to consider from this data?
The data hints at a neighbourhood in transition or with a mix of housing styles. The street has homes with a wide range of sizes, ages, and values. This can be positive, indicating diversity, but it's wise to research recent sales and neighbourhood plans to understand the area’s trajectory.