Property Overview & Appeal
This 1911 one-storey home in West Alexander presents a straightforward opportunity. Its key characteristic is its compact size, with 660 square feet of living space on a 1,224 square foot lot. The home has a basement, but it is not renovated. The data highlights a significant point: the property's assessed value is notably low compared to others in the city, ranking in the top 1% for Winnipeg. This suggests it may be an entry point into the market or a land-value play.
Its appeal lies in its simplicity and potential. It suits a very specific buyer: someone looking for a minimal, manageable footprint to renovate to their own taste, an investor considering the value of the lot in a central neighbourhood, or a buyer primarily motivated by low property taxes. It’s not a move-in-ready home, but a project for those comfortable with a blank canvas.
Frequently Asked Questions
1. What does the low assessed value mean for property taxes?
A low assessed value typically results in lower municipal property taxes, which is a definite ongoing cost advantage for the owner.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is in original, unfinished condition and budget for any desired improvements.
3. How does the living space compare to typical homes?
At 660 sqft, the living area is quite compact, ranking in the top 3% (meaning smallest) for both the neighbourhood and Winnipeg. This confirms it's a smaller, character home.
4. What is the significance of the lot size?
The lot is a standard city size for the area. While the home itself is small, the land provides outdoor space and, in the long term, may hold a significant portion of the property's value.
5. Who would this property not be suitable for?
It would likely not suit buyers looking for a modern, turn-key home, those needing multiple bedrooms or ample living space, or anyone unwilling to take on renovation projects.