878 Winnipeg Avenue: Property Summary
Key Characteristics & Buyer Profile
This 1,153 sq ft home, built in 1927, sits on a 3,026 sq ft lot. Its main appeal is its assessed value relative to the city as a whole. While the $167,000 valuation is slightly below its own street and neighborhood averages, it is dramatically lower than the citywide average of $390,100. In other words, you're paying well under what most Winnipeg properties are assessed at.
The trade-off is in size and land. The living area is closely in line with the street average, but both the house and lot are smaller than typical for the West Alexander neighborhood. The lot, at 3,026 sq ft, is notably compact compared to the citywide norm of 6,570 sq ft. The home’s age is also a factor—it’s older than most properties citywide, though it sits within a neighborhood that has a similar vintage of housing stock.
This property suits a buyer who prioritizes entry-level affordability over space or a large yard. It would work well for someone looking for a low-tax, low-purchase-price property in a central area, who is comfortable with a home that has character but likely requires some updating or maintenance. It is less suited for buyers seeking a "move-in ready" modern home or a large lot for future expansion.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
At $167,000, it is about 16% lower than the average on Winnipeg Avenue ($198,400) and 11% lower than the West Alexander neighborhood average ($187,300). The biggest gap is citywide—this home is 57% below the citywide average for comparable properties.
2. Is the home’s living space considered small?
It is 1,153 sq ft, which is right around the street average (1,121 sq ft). It is slightly below the neighborhood and city averages, but not unusually so. It ranks in the top 39% on its street, meaning a majority of nearby homes are smaller.
3. How old is the property, and is that a concern?
Built in 1927, it is older than most homes citywide (average is 1966). However, within West Alexander (average 1921), it is actually newer than many of its neighbors. Age can mean solid construction and character, but also potential need for updated plumbing, electrical, or insulation.
4. What is the lot size, and is it considered small?
The lot is 3,026 sq ft, which is below average for its street (3,558 sq ft) and well below the citywide average (6,570 sq ft). It ranks in the top 73% on its street, meaning most nearby lots are larger. This is a compact lot, suitable for low-maintenance living but not for large gardens or expansions.
5. How does this home compare to others in West Alexander overall?
It is broadly typical for the area in terms of age and assessed value, but slightly below average for living area and lot size. Its assessed value ranks in the top 58% of the neighborhood, meaning it is more affordable than many. Its age ranks in the top 29%, indicating it is newer than most homes nearby.