919 Winnipeg Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,230 sqft home built in 1912 on a 3,295 sqft lot, with an assessed value of $173,000. Its living space sits slightly above average for its street but below city-wide medians, while the land area is modest compared to Winnipeg averages. The home's assessed value is notably lower than the city-wide average of $390,100, ranking in the bottom 5% city-wide—which reflects its age, smaller lot, and likely limited recent upgrades. The year built places it among older homes on the street (top 80% by age), though it's fairly typical for the West Alexander neighbourhood.
The appeal here is straightforward: this is an entry-level or budget-conscious purchase in an established central neighbourhood. The low assessed value relative to other properties city-wide suggests pricing that may attract first-time buyers or investors looking for a lower-cost foothold. The home is not a standout in any category—it's average or below in most measures—which means there's no premium for size, land, or modern construction. What it offers is affordability in a location with older character homes, likely within walking distance of amenities. Buyers should expect a property that may need work or updates, given the 1912 build and below-average valuation. It suits those willing to take on some renovation or who prioritize location over move-in condition.
Frequently Asked Questions
1. How does this property compare to others in West Alexander?
It's fairly middle-of-the-pack for the neighbourhood. Living area ranks in the top 49%, land area in the top 53%, and assessed value in the top 55%. The year built is slightly newer than the neighbourhood average of 1921, but not by much. Nothing here suggests it's an outlier—just a solid, average home for the area.
2. Why is the assessed value so low compared to the city average?
Two main factors: the smaller lot size (3,295 sqft vs. city average of 6,570) and the age of the home. Winnipeg's city-wide average includes many newer, larger suburban properties with higher valuations. This home's age and size place it in a lower tier, which is typical for older inner-city homes.
3. Is a 1912 home likely to have major issues?
Homes of this era often have older electrical, plumbing, and foundations. The data doesn't indicate specific conditions, but buyers should budget for inspections and potential upgrades. The lower assessed value may already reflect deferred maintenance, so get a thorough home inspection and factor in possible knob-and-tube wiring, lead pipes, or outdated insulation.
4. What type of buyer typically goes for a property like this?
First-time buyers with limited budgets, investors seeking a low-cost rental or flip, or anyone wanting to live in a central older neighbourhood without paying a premium. It's less suited for families needing large lots or modern open layouts, or for buyers who want a move-in-ready home without any work.
5. How does the lot size affect usability?
At 3,295 sqft, the lot is smaller than average city-wide (6,570 sqft) and slightly below the street average (3,558 sqft). You'll have a modest yard—enough for a small garden or patio, but not for large additions, extensive landscaping, or multiple vehicles off-street. This is typical for older urban lots in Winnipeg.