850 Winnipeg Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1953 home offers 1,800 square feet of living space on a 4,575-square-foot lot—both well above average for its immediate street and neighbourhood. The assessed value of $369,000 places it in the top 1% on Winnipeg Avenue and within West Alexander, though it sits near the citywide median.
The property’s real strength is relative value within its immediate context. It’s significantly larger and more expensive than neighbouring homes, which suggests a higher level of finish, square footage, or desirability on that block. The land area is also generous for the area, giving more outdoor space than most nearby properties.
The appeal here is for a buyer who wants a standout home in an established, older neighbourhood—someone who values space (both indoor and outdoor) over a central or premium citywide location. It would suit buyers looking for room to grow, renovate, or simply live with more square footage than the typical West Alexander home offers. The 1953 build year means the home falls in a post-war construction era, often associated with solid framing and simpler layouts that can be updated over time. A less obvious perspective: this property may appeal to someone who wants to avoid the premium of a top-tier citywide address but still enjoy being one of the best-valued homes on their street.
Five Possible FAQs
1. How does the assessed value compare to what I’d actually pay?
Assessed value is a municipal estimate for tax purposes, not a market valuation. The $369,000 figure is about 90% of the citywide average, but this home ranks in the top 1% locally—suggesting it may trade above assessed value given its relative scarcity on the street.
2. Is the 1,800 sqft living area the total finished space, or does it include the basement?
The data only references “living area,” which typically means above-grade finished square footage. It is common for basements, porches, or additions not to be counted. A full floor plan or inspection would clarify the total finished area.
3. How does the lot size compare to newer subdivisions?
At 4,575 sqft, the lot is larger than most in the neighbourhood (top 19%) but smaller than the citywide average of 6,570 sqft. Buyers accustomed to newer suburban lots may find this compact but generous by inner-city standards.
4. What does the 1953 build year mean for maintenance and updates?
Homes from the 1950s often have good bones but may need electrical, plumbing, or insulation upgrades. The property’s high local assessed value suggests it has been maintained or improved, but a home inspection is recommended to assess the original systems and any deferred work.
5. Why is the neighbourhood ranking so strong but the citywide ranking only average?
West Alexander is an older, denser area with smaller-than-average homes and lower assessed values. This property stands out locally because it is larger and more expensive than its immediate neighbours. Across the entire city, however, there are many larger and more valuable homes, so it falls near the median.