752 Elgin Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s West Alexander neighbourhood. With 860 square feet of living space, it’s noticeably smaller than both the street and city averages. The building dates to 1900, placing it among the older homes on the block and well before the citywide median of 1966. The assessed value sits at $132,000, which is low relative to the neighbourhood average of $187,300 and far below the citywide figure of $390,100.
Where the property holds its own is on land. The lot measures 3,274 square feet—close to the street average and slightly below the neighbourhood figure, but still a meaningful size for an older urban property. In a city where many comparable homes sit on much larger parcels (the citywide average is 6,570 square feet), this lot offers a reasonable outdoor footprint without the premium attached to bigger land holdings.
The appeal here is straightforward: this is a budget-conscious entry point into a mature neighbourhood. The low assessed value reflects both the age and the smaller square footage, but also means lower property taxes relative to many nearby homes. It suits first-time buyers who are willing to take on a project or who don’t need a lot of indoor space. It could also appeal to investors looking for a lower-cost rental in an established area, or anyone who values a decent yard over a large house. The home’s age means upkeep will likely be ongoing, so buyers should be prepared for maintenance realities—not expecting a modern, move-in-ready finish.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
At 860 square feet, this home is smaller than average for its street (1,113 sqft) and significantly smaller than the neighbourhood average of 1,299 sqft. It ranks in the top 67% on the street, meaning about one-third of nearby homes are smaller—so it’s compact, but not unusually so for the block.
2. Why is the assessed value so low relative to the city average?
The low value—$132,000 versus the citywide average of $390,100—primarily reflects the home’s age, modest living area, and location within an older, less expensive part of Winnipeg. It’s not a sign of disrepair by itself, but it does indicate that the property doesn’t match the profile of higher-valued homes elsewhere.
3. Is this a good option for someone who wants a large yard?
It depends on your reference point. The lot is 3,274 square feet, which is close to the street average and around average for the neighbourhood. That’s a decent city lot for an older home, but well below the citywide average of 6,570 square feet—so you’re not getting a sprawling property, just a typical urban yard.
4. How old is the house, and what should that mean for maintenance?
The home was built in 1900, making it one of the older properties on the street and in the city overall. Older homes often have solid bones but may need updates to plumbing, electrical, insulation, or roofing. A thorough inspection is advisable, especially if the home hasn’t been renovated recently.
5. What type of buyer typically considers a property like this?
It tends to attract first-time buyers who are price-conscious and open to cosmetic or gradual upgrades, as well as investors seeking a lower-cost rental in a central neighbourhood. It may also appeal to someone who values outdoor space over interior square footage and doesn’t mind an older home’s character and quirks.