Here is a clean, standalone summary of the property at 961 Winnipeg Avenue, presented in two sections suitable for direct display on a webpage.
1. Property Overview & Buyer Profile
This is a 1,262 sqft home built in 1923 on a 3,295 sqft lot, located in the West Alexander neighborhood. Its assessed value is $202,000.
Key Characteristics: The property sits in a sweet spot of older, inner-city character without being an outlier. Its living area is noticeably above average for its specific street (top 28%), giving it more interior space than many nearby homes. The assessed value, while slightly above the street and neighborhood averages, is remarkably low compared to citywide figures (top 92% cheapest). This indicates the property offers significant value relative to the broader Winnipeg market, likely due to its age and central location rather than high-end finishes or a large lot. The land area is on the smaller side, which is consistent with older, established neighborhoods.
Appeal & Buyer Profile: The primary appeal isn't “move-in ready luxury” but rather proven value and solid proportions. The above-average living area within an older home suggests a layout that feels spacious, a quality many find lacking in new builds. The low citywide tax base (implied by the assessed value) is a significant, long-term financial advantage. This home suits a buyer who prioritizes location and square footage over a large yard. It is ideal for someone who sees the value in a home's bones and character—perhaps a first-time buyer looking for a solid entry into a central area, or an investor seeking a property with good underlying metrics that won’t require premium-zone property taxes. It is less suitable for a buyer who needs a large, flat lot or a home with a modern, open-concept floor plan.
2. Frequently Asked Questions
1. How does this home’s living space compare to the neighborhood?
It’s a standout on its own street. While the West Alexander neighborhood average is 1,299 sqft, this home’s 1,262 sqft is right in line. However, it ranks in the top 28% on Winnipeg Avenue itself, meaning it offers more interior room than the vast majority of homes directly around it.
2. Is the low assessed value a good or bad thing for a buyer?
For a buyer, it is primarily a positive. A $202,000 assessed value on a home of this size means your annual property taxes will be based on a relatively low figure. Just keep in mind that a low citywide rank (top 92%) often reflects an older home with original features or less updated systems, not necessarily a bad condition—it simply means the market values the physical structure lower than the land cost in pricier areas.
3. The land area seems small. Is this a problem?
Only if you have specific needs for a large garden, a workshop, or a future addition. It’s typical for the area—the neighborhood average is 3,591 sqft, and this lot is just slightly below that. It’s a common feature of older, walkable neighborhoods where frontage was kept compact. You get a manageable yard that won’t dominate your weekends.
4. The home was built in 1923. What does that mean for maintenance?
It means the home has lasted a century and likely has strong framing and materials like old-growth lumber. However, you should budget for the realities of a century-old house: older plumbing, electrical, and foundation work are common considerations. A thorough home inspection is essential, but don’t be immediately worried—a home built in 1923 that is ranked in the top 30% for age within its neighborhood is arguably one of the better-maintained older homes in the area.
5. How does this property compare to a newer home at the same price point?
A newer home for $202k in Winnipeg would likely be much smaller (closer to 900 sqft), located further from the core, and on a smaller lot. This property trades a modern floor plan and lower maintenance for more space, a better location, and a character-defining age. It’s a classic trade-off: you get a bigger, more central home with a history, but you accept that it won’t have the energy efficiency or turnkey simplicity of a 1990s bungalow.