880 Winnipeg Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,245 sqft home built in 1929 on a 3,026 sqft lot, with an assessed value of $203,000. The property sits in Winnipeg’s West Alexander neighbourhood, and the numbers tell a nuanced story.
Where it stands out: The assessed value is slightly above the street and neighbourhood averages, which suggests the home may have been updated or maintained better than nearby properties. The year built (1929) is older than the citywide average but newer than much of West Alexander, where the average home dates to 1921. That makes it one of the slightly newer older homes in the area—a subtle advantage for buyers who want character without the oldest possible maintenance concerns.
Where it falls short: The land area is below street and city averages, and the living area, while above the street average, is only around the neighbourhood and city medians. For buyers who prioritize yard space or square footage, this lot may feel constrained.
Who it suits: Buyers looking for an older home in a central neighbourhood who appreciate that the assessed value suggests decent condition relative to the street. It’s also a reasonable fit for someone wanting to avoid the top end of the city’s price spectrum while still being in a walkable, established area. It’s less suited to buyers seeking a large lot, a newer build, or a high-compared-to-city appraisal.
Five Possible FAQs
1. How does the assessed value compare to the city average?
The assessed value is $203,000, which is well below the citywide average of $390,100. It ranks in the bottom 9% citywide, meaning most homes in Winnipeg are assessed higher. However, it sits above the street and neighbourhood averages, so it’s not undervalued for this specific pocket.
2. Is this considered a small lot?
Yes, relative to citywide norms. The lot is 3,026 sqft, while the city average is 6,570 sqft—so it’s roughly half the size. On the street itself, it’s also below the 3,558 sqft average. For the neighbourhood, it’s closer to average but still on the smaller side.
3. Is a 1929 home likely to need a lot of work?
It depends on how it’s been maintained. Being older than 90% of citywide homes, it will likely have older systems (plumbing, electrical, insulation). But within West Alexander, it’s newer than average, so it may have fewer deferred issues than some neighbouring properties. A thorough inspection is recommended, with attention to the foundation and roof.
4. How does this property rank within West Alexander?
Living area is around the neighbourhood median. Assessed value is slightly above average (top 38%). Year built is above average (top 28%). Land area is around average. Overall, it’s a solid mid-range property for the area, not a standout in any one category but not a weak performer either.
5. Who typically buys homes in this part of Winnipeg?
West Alexander attracts buyers looking for older character homes close to downtown, with good access to the river and parks. Buyers here tend to be less concerned with lot size and more with location and architectural bones. This property would appeal to someone who values being in a well-ranked street context (top 30% for living area) and is comfortable with a smaller yard.