939 Pacific Avenue – Property Summary
Key Characteristics & Who It Suits
This is a compact, mid-century house in Winnipeg’s West Alexander neighbourhood, built in 1959. At 774 square feet of living space, it’s smaller than most homes on its street and significantly smaller than the neighbourhood or city average. The land parcel is also tight at 2,330 square feet—among the smallest city-wide. Despite its modest size, the property’s assessed value of $197,000 sits above average for the street and neighbourhood, suggesting the structure itself or its lot location carries some local desirability. The home’s main appeal lies not in space, but in its relative affordability compared to city-wide medians, and a year-built that places it among newer homes in an older area (West Alexander’s average build year is 1921). This suits a buyer who prioritizes lower upfront cost and a newer build over square footage or yard space—perhaps a first-time buyer, someone downsizing, or an investor looking for a lower-entry property in a central Winnipeg area. The house will feel modest both inside and out, so it’s best for someone who values location and condition over expansion potential.
Five Possible FAQs
1. How does this property compare to others in the area for price?
The assessed value of $197,000 is slightly above the street average ($186,200) and neighbourhood average ($187,300), but well below the city-wide average for comparable homes ($390,100). It ranks in the top 38% on the street and top 41% in the neighbourhood for value, so it’s priced competitively relative to its immediate surroundings, not on the cheap end.
2. Is the small land area a problem for future development or resale?
At 2,330 sqft, the lot is small—ranking in the bottom 11% on the street and bottom 12% in the neighbourhood. This limits room for additions, a large garage, or a deep backyard. Resale may appeal more to buyers who don’t need outdoor space, but it could be a drawback for families or anyone planning renovations that require extra land.
3. What’s the condition of a home built in 1959?
No condition data is provided, but 1959 is a solid vintage in this neighbourhood where most homes date to the 1920s–30s. Systems (roof, wiring, plumbing) are likely original or replaced in later decades. A home inspection is strongly recommended, especially to check for outdated electrical or foundation issues common to post-war builds.
4. How does the living area compare to similar-priced homes city-wide?
The 774 sqft floor plan is in the bottom 8% city-wide, while the assessed value sits in the bottom 8% as well. That means you’re getting a home that’s smaller and cheaper than almost all others in Winnipeg—so while space is tight, you’re also paying well below the typical city price for a detached home.
5. Would this be a good rental property?
Potentially. The low purchase price (relative to city averages) and central location near downtown Winnipeg could attract tenants who don’t need a lot of space. However, the small lot and older construction may mean lower rent compared to larger or newer homes nearby. Run a rental comparables check on similar-sized homes in West Alexander to confirm realistic returns.