963 Winnipeg Avenue

963 Winnipeg Avenue – Property Summary

Key Characteristics & Buyer Fit

This is a 1,052 sqft house built in 1913 on a 3,295 sqft lot, located in Winnipeg’s West Alexander neighbourhood. Its assessed value is $154,000.

The property sits slightly below average in living area compared to others on its street and within the neighbourhood, but not dramatically so—it’s in the top 50% on the street and top 65% in the area. The land area is similarly mid-range for the street and neighbourhood, though it’s noticeably smaller than the citywide average. The year built (1913) is older than most homes on the street, but actually newer than the neighbourhood average, which suggests the surrounding area has a higher concentration of pre-1910 housing. The assessed value is well below the street and city averages, ranking in the bottom 21% on the street and bottom 3% citywide.

The appeal here is straightforward: it’s an entry-level priced home in a central neighbourhood with older character housing stock. The low assessed value relative to the city suggests either deferred maintenance, a smaller footprint, or a less desirable location within the area—but also means lower property taxes than many comparable homes. This property would suit a first-time buyer comfortable with an older home who is prioritizing affordability and location over move-in condition or modern finishes. It may also appeal to an investor looking for a lower-cost entry into the West Alexander market, provided the structure is sound.

Frequently Asked Questions

1. What does “assessed value” mean here, and is it the same as asking price?
No. The assessed value ($154,000) is what the city uses for property tax calculation. It is not a market asking price. A home can sell above or below its assessment depending on condition, interest, and recent sales in the area. In this case, the assessment is low relative to street and city averages, so the eventual sale price may or may not align with it.

2. How do the rankings work, and what does “Top 79%” mean?
Rankings compare this home to similar properties within a given scope (street, neighbourhood, or city). “Top 79%” means it ranks worse than 79% of comparable homes in that category—so it’s in the lower end. This applies to assessed value here: the home is below most others on the street. Rankings are based on the metric shown (e.g., larger living area = better rank for living area; higher value = better rank for assessed value).

3. Is a 1913 home likely to have knob-and-tube wiring or other outdated systems?
Possibly, but not necessarily. Homes of that era in Winnipeg often have original knob-and-tube wiring, galvanized plumbing, or asbestos-containing materials. Some may have been updated. This property’s age suggests a buyer should budget for a thorough home inspection and potential electrical or plumbing upgrades. It’s not a given, but it’s a common consideration for pre-1920 homes in the city.

4. How does the smaller lot size affect use or resale?
At 3,295 sqft, the lot is smaller than both the street and neighbourhood averages but is not unusually tiny for a central Winnipeg property. It limits options for additions, a large garage, or extensive landscaping, but is typical for older infill lots. Resale may be slightly constrained if future buyers prioritize yard space, but the lot size is consistent with many nearby homes.

5. Why is the assessed value so low compared to the city average?
The citywide average assessed value for comparable homes is $390,100—more than double this property’s value. That gap reflects both the home’s smaller size, older age, and likely condition, as well as the fact that West Alexander is not a high-value neighbourhood compared to many other parts of Winnipeg. The ranking also indicates that this particular home is on the lower end even within its own street and area.