56 Kate Street, Winnipeg – Property Summary
Key Characteristics & Buyer Profile
This is a 1903-built home with 2,065 square feet of living space on a 3,827-square-foot lot. Its standout feature is the interior space: it ranks in the top 13% on its street, top 7% in the West Alexander neighbourhood, and top 9% city-wide for living area. That means buyers get significantly more room than typical for the area.
The assessed value is $181,000—roughly in line with the street and neighbourhood averages, but well below the city-wide median of $390,100. This gap reflects the home's older construction and smaller lot size (which ranks below average on the street and city-wide). The year built (1903) places it among older homes locally, but that’s not unusual for West Alexander, where the average is 1921.
Where the appeal lies: You’re getting generous square footage at a price that undercuts much of Winnipeg’s housing stock. The trade-offs are an older building and a lot that’s modest by modern standards. For someone who values interior space over outdoor area—and isn’t fazed by a century-old home’s maintenance realities—this property offers a lot of house for the money.
Best suited for: Buyers who prioritize square footage and neighbourhood character over a large yard or a move-in-ready newer build. It might work well for someone looking to renovate or update an older home with good bones, or for a household that needs ample indoor room on a relatively tight budget.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On the street and in West Alexander, the assessed value is around average. But city-wide, it’s well below the typical home—the $181,000 assessment is roughly 46% of the Winnipeg median. This reflects the home’s age, lot size, and possibly the condition, since assessments factor in both.
2. Is the lot size a concern?
It depends on your expectations. The lot is 3,827 sqft—below average for Kate Street (4,596 sqft) and far below the city-wide average (6,570 sqft). However, it’s actually above the West Alexander neighbourhood average of 3,591 sqft. So you’re getting a typical yard for the area, just not a large one by broader standards.
3. What should a buyer know about a 1903-built home?
Older homes often have solid construction but may need updates to electrical, plumbing, insulation, or roofing. The year built ranks in the oldest 1% city-wide. Buyers should budget for a thorough inspection and potential upgrades. That said, West Alexander has many older homes, so local trades may be familiar with the vintage.
4. How does the living area compare to other properties in the neighbourhood?
This home is larger than most. With 2,065 sqft, it’s nearly 60% bigger than the West Alexander average of 1,299 sqft. It’s also larger than 93% of comparable homes city-wide. If interior space is a priority, this property punches well above its price point.
5. Why is the assessed value so much lower than the city average?
The city-wide average includes newer, larger homes on bigger lots in pricier areas. This property’s age and smaller land area pull its value down relative to the Winnipeg median. But within its own street and neighbourhood, the assessment is fair—meaning you’re not overpaying in property taxes for the local market.