123 Kate Street – Property Summary
1. Key Characteristics & Buyer Fit
This is a 1983-built home with 1,169 square feet of living space on a 3,602-square-foot lot. What stands out is how it compares within its own street and immediate neighbourhood: on Kate Street, the property ranks in the top third for assessed value and the top 20% for newer construction. In the West Alexander area, its build year is well above average—most nearby homes date to the 1920s. That means it offers a relatively modern structure in an older, established part of town.
The living area is slightly below the street average but sits close to the median for both the neighbourhood and the city. The lot is smaller than typical for the street, but it’s in line with what’s common in West Alexander. The assessed value is lower than the citywide average by a significant margin, reflecting that this is not a high-end market area.
The appeal here is straightforward: a newer home in an older neighbourhood, with a modest footprint that keeps maintenance and property taxes manageable. It’s a practical fit for first-time buyers looking to get into a central, mature area without taking on a century home’s upkeep. It could also suit investors or downsizers who want a solid, no-fuss property with a good location relative to city amenities, rather than square footage or a large yard.
2. Five Possible FAQs
Is this home older or newer than others in West Alexander?
It’s significantly newer. Most homes in the area were built around 1920, while this one dates to 1983. That’s among the newest on its street and in the top 6% of the neighbourhood by construction year.
How does the living space compare to typical homes in the area?
At 1,169 sqft, it’s a bit under the street average of 1,523 sqft, but it’s nearly identical to the neighbourhood and city medians (around 1,300 sqft). So it’s not unusually small for the broader area, just modest relative to others on Kate Street.
Why is the assessed value low compared to the city average?
The citywide average assessment is about $390,000, while this property is assessed at $191,000. That’s partly because it’s in West Alexander, an older, more affordable part of Winnipeg, and partly because the house itself is modest in size and lot. It’s not a reflection of condition—just location and scale.
Is the yard small?
The lot is 3,602 sqft, which is smaller than the street average (4,596 sqft) and well under the city average (6,570 sqft). But within West Alexander, it’s right around the typical lot size. So it’s compact, but not out of place for the neighbourhood.
What kind of buyer would benefit most from this property?
Someone who wants a newer, lower-maintenance home in a central, older neighbourhood without paying a premium for space they don’t need. It’s less suited for buyers who want a large yard or a property that stands out in size or luxury finishes. It’s a solid, practical choice rather than a showpiece.