921 Winnipeg Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,286 sqft home sits on a 3,295 sqft lot near West Alexander. Its standout feature is the assessed value of $147,000—well below street, neighborhood, and city averages. The property ranks in the top 97% city-wide for low assessed value, meaning it’s priced significantly under most comparable homes in Winnipeg. The trade-off is age: built in 1901, it’s the oldest on its street and among the oldest city-wide. Living space is slightly above the street average but close to the neighborhood and city norms, while the land area is average for the immediate area but small relative to the city as a whole.
The appeal here is for buyers who prioritize a low purchase price and are comfortable with an older structure. It’s less suited for someone looking for a move-in-ready modern home or a large lot. A buyer willing to invest in updates or who values character over efficiency would find this property aligns with a lower entry point into the market. The combination of below-average valuation and above-average living space on the street suggests potential room for value-add improvements, though the age will likely limit financing options for some purchasers.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The property’s assessed value of $147,000 is well below the street average of $198,400 and the neighborhood average of $187,300. City-wide, it’s in the bottom 3% of values. This likely reflects the age and condition relative to other homes in the area.
2. The house was built in 1901. What should I be aware of?
Being the oldest home on the street, expect potential issues with aging systems (electrical, plumbing, foundation) and materials (lead paint, asbestos). Insurance may cost more, and some lenders have restrictions on pre-1940 homes. A thorough inspection is strongly recommended.
3. Is the living area considered large or small?
At 1,286 sqft, it’s larger than the typical home on Winnipeg Avenue (1,121 sqft average) and falls close to the neighborhood (1,299 sqft) and city (1,342 sqft) medians. It’s not oversized, but offers more space than many immediate neighbors.
4. How does the lot size stack up?
The 3,295 sqft lot is average for the street and neighborhood, but small by city standards (Winnipeg average is 6,570 sqft). Outdoor space is limited—fine for lower maintenance, but not ideal for large gardens, additions, or multiple vehicles.
5. What’s the neighborhood like for resale value?
West Alexander ranks in the lower half for assessed values city-wide (top 69% of areas). With the home already at the bottom of its street by value, resale will depend on improvements. Given the age, appreciation may be slower than newer neighborhoods, though the low entry price does reduce downside risk.