950 Winnipeg Avenue

950 Winnipeg Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1913 home with 1,636 square feet of living space on a 3,014-square-foot lot. The living area is the property’s strongest feature—well above average at every level. On its own street, it ranks in the top 12%, and it remains comfortably above average across the neighbourhood and city. That extra space is meaningful in a market where many comparable homes are several hundred square feet smaller.

The assessed value, however, tells a different story. At $194,000, it sits right around the street and neighbourhood averages, but falls well below the citywide median of $390,100. This suggests the home is priced more in line with its immediate surroundings than with broader Winnipeg trends. The land is below average for the street and city, which may limit expansion potential, and the year built (1913) is older than most homes citywide, though typical for the West Alexander area.

The appeal here lies in getting above-average interior space without paying a citywide premium. This could suit buyers who prioritize room to spread out over a large yard or a newer build. It may also appeal to someone who values a more established, walkable neighbourhood—West Alexander is an older area with character housing—and is comfortable with an older home that likely needs some updating. First-time buyers priced out of newer or more central areas might find the assessed value and living space a pragmatic trade-off.

Frequently Asked Questions

1. How does the living space compare to similar homes nearby?
The home has 1,636 square feet, which ranks 17th out of 142 homes on Winnipeg Avenue (top 12%). The average on the street is 1,121 square feet, so it’s substantially larger than most neighbours. In the wider West Alexander neighbourhood, it still ranks in the top 23%.

2. Why is the assessed value relatively low for the amount of living space?
Assessed value reflects more than just square footage. It considers lot size (which is below average), age, condition, and local sale prices. This home’s value is in line with the street and neighbourhood, but well below citywide averages because older homes and smaller lots in this area typically appraise lower than newer developments.

3. Is the lot big enough for additions or a garage?
At 3,014 square feet, the lot is smaller than most on the street (average 3,558) and well below the citywide average of 6,570. Major expansions would be tight, but there may be room for a small garage or modest rear addition depending on zoning and setbacks. A site visit and local bylaws would be needed to confirm.

4. What should buyers know about a home built in 1913?
Older homes often have solid framing and unique character, but may need updated wiring, plumbing, insulation, or foundations. The year built is typical for West Alexander—many homes in the area date from the 1910s to 1930s—so local trades familiar with vintage construction are available. A thorough inspection is strongly recommended.

5. How does this property compare to newer homes in Winnipeg?
Newer homes tend to have larger lots (city average 6,570 sqft) and higher assessed values. This property trades a smaller yard and older construction for significantly more indoor space at a lower price point. It’s a practical option if you want extra room and don’t mind investing in maintenance or renovations over time.