750 Pacific Avenue

750 Pacific Avenue – Property Summary

Key Characteristics & Buyer Profile

This home offers 1,416 square feet of living space, which is notably generous compared to others on its street (top 6%) and sits above the citywide average. The assessed value of $195,000 is right in line with the street and neighborhood averages, but well below the citywide median of $390,100. The property was built in 1905, making it one of the older homes on the street and in the city. The land area is 2,243 square feet, which is small relative to the neighborhood and city averages.

Where the appeal lies: The home’s strength is its interior space. For someone who values square footage over lot size, this property delivers more room than most comparably priced homes in the area. The assessed value is stable and unremarkable—neither a bargain nor overpriced relative to its immediate surroundings. This suggests a straightforward, predictable baseline for financing and taxes.

What type of buyer it suits: This property leans toward someone who prioritizes indoor living area and is less concerned with yard space or a newer build. It could work well for a buyer who wants an older character home with generous rooms, but isn’t looking for a large lot to maintain. It may also appeal to someone who wants to be on Pacific Avenue in the West Alexander neighborhood without paying a premium for land. Renovation-minded buyers should note the age of the house and factor in potential updates to systems and structure.

Frequently Asked Questions

1. How does the living space compare to other homes nearby?
The home has 1,416 sqft, which is about 430 sqft more than the average on Pacific Avenue. It ranks in the top 6% on the street, and is slightly above the neighborhood and citywide averages.

2. Why is the assessed value so close to the neighborhood average but far below the citywide average?
The West Alexander neighborhood has a lower median assessed value than many parts of Winnipeg. Citywide averages are pulled up by high-value properties in other areas. This home is priced consistently with its immediate neighbors.

3. The house was built in 1905. What does this mean practically?
It’s one of the older homes on the street (top 82% in age). Buyers should expect older construction methods, potentially outdated electrical, plumbing, or insulation. It may have character features like high ceilings or original trim, but maintenance history and recent upgrades should be verified.

4. The land area is small. Is that unusual for the neighborhood?
Yes. The lot is 2,243 sqft, while the neighborhood average is 3,591 sqft. It ranks in the bottom 7% locally. This means less outdoor space and possibly a smaller footprint for additions or expansions.

5. Is this property a good investment?
The assessed value aligns closely with street and neighborhood medians, suggesting stable pricing rather than upside potential. The small lot and older age may limit appreciation compared to newer or larger-lot properties. It may be a better fit for a long-term owner-occupant than a flipper or investor seeking quick gains.