877 Winnipeg Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1914 home sits on a 3,301 sqft lot with 1,410 sqft of living space. Its assessed value is $208,000. On its street and in the West Alexander neighbourhood, living area and value are around average or slightly above. On the city level, it lands well below average for assessed value and land size.
The property’s main appeal is its solid, unflashy consistency within its immediate context. It offers more interior space than most homes on its block (top 19% for living area on Winnipeg Avenue) and a value that sits comfortably in the middle of surrounding homes. For a buyer, this suggests a stable, predictable holding rather than a standout investment or a fixer-upper with huge upside. The house is older than the city average by over 50 years, which points to a home with character and established construction, but also to likely maintenance needs and older systems.
This property would best suit a buyer who values location and square footage over a turnkey condition or a low-maintenance yard. Someone looking for a home in a settled neighbourhood with reasonable property taxes relative to citywide values, and who is willing to invest time in upkeep or renovations, would find this a practical fit. It is less suited for someone seeking new construction, a large lot, or an asset that sits in the bottom tier for citywide assessment.
Five Frequently Asked Questions
1. How does the assessed value compare to what I might pay?
The assessed value of $208,000 is below the citywide average of $390,100 and is in line with the street and neighbourhood averages. However, assessed value is not always market value—especially for older homes in established areas. You should expect the purchase price to reflect market conditions, condition, and recent sales of comparable properties, not just the assessment.
2. Is the age of the house a concern?
Built in 1914, it is older than about 89% of homes citywide. That usually means solid framing and materials, but also means electrical, plumbing, insulation, roofing, and foundation should be professionally inspected. The home’s age is not unusual for its street, where the average year built is 1934, so it fits the character of the area.
3. How does the lot size affect use?
At 3,301 sqft, the lot is smaller than the city average of 6,570 sqft, but typical for the street and neighbourhood. This means a modest backyard and limited room for additions or large extensions. It is well-suited for a low-maintenance yard or urban gardening, but not for expansive outdoor living or a large garage footprint.
4. What is the neighbourhood like in terms of property values?
West Alexander is around average compared to the rest of the city, with a neighbourhood average assessed value of $187,300. The home is slightly above that average, and its street value is also near the median. This suggests a stable, middle-ground area without dramatic swings in pricing, which can be appealing for long-term ownership.
5. Is this a good property for first-time buyers?
Potentially. The lower citywide assessed value means property taxes should be manageable. The living area is above the street average, offering good space for the money. However, the age of the home means new owners should budget for repairs and upgrades. It is a good fit for a buyer who wants character and space and is prepared for some hands-on ownership.