677 Pacific Avenue – Property Summary
Key Characteristics & Buyer Fit
This is a 1,370-square-foot home built in 1895, located on Pacific Avenue in Winnipeg’s West Alexander neighbourhood. Its standout feature is living space: it ranks in the top 9% on its street for square footage (well above the street average of 986 sqft), and remains competitive citywide. The assessed value is modest at $200,000, significantly below the citywide average for comparable homes ($390,100), which reflects both the older construction and a smaller-than-average land parcel (2,588 sqft compared to the city norm of 6,570 sqft).
The appeal lies in the combination of a spacious interior and a relatively low price point for its size, in an older, established area. It would suit buyers who prioritize interior room and character over land area or a modern build—for example, someone looking for a fixer-upper with good bones, or an investor interested in a property below citywide median valuations where the living area offers immediate utility. The older construction (1895) and small lot may limit appeal for those seeking a move-in-ready home or outdoor space for expansion, but the living-area-to-value ratio is a clear draw.
Frequently Asked Questions
1. How does this property compare to others on the same street?
On Pacific Avenue, the home ranks 29th out of 323 for living area (top 9%), meaning it’s among the roomiest options. However, its assessed value is around average for the street (117th out of 323, top 36%), and it’s one of the older homes (301st, top 93%). The lot size is about average for the street.
2. What does the assessed value tell a potential buyer?
The citywide assessed value is well below average—roughly half the typical comparable home in Winnipeg. This suggests either a more modest finish level, the older age, or a smaller lot are driving the valuation down. For a buyer, this could mean lower property taxes relative to similarly sized newer homes, but it also signals that renovation costs may need to be factored in.
3. Is the small land area a notable drawback?
Depends on context. On its street, the 2,588 sqft lot lands near the middle (top 58%). Citywide, it’s in the bottom 6% for land size. If you want a large yard, garden, or room for an addition, this property offers limited flexibility. Urban buyers or those comfortable with a compact outdoor space may not see it as a problem.
4. What’s the significance of the year built (1895) relative to others?
The home is older than 93% of properties on Pacific Avenue and falls in the oldest bracket citywide (top 100% for age). This means you’re likely dealing with an older structure—potential charm (original woodwork, high ceilings) but also possible issues with wiring, plumbing, insulation, or foundation. A thorough inspection is wise.
5. Why do the rankings differ so much between living area and assessed value?
Living area is a strength (citywide top 37%), but assessed value is weak (bottom 8% citywide). This gap suggests the market doesn’t see the square footage as premium space—possibly due to age, layout, condition, or location factors. A buyer may be getting a lot of space for a relatively low price, but should investigate whether that’s an opportunity or a signal of deferred maintenance.