968 Winnipeg Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1948-built home with 1,676 square feet of living space on a 3,566-square-foot lot. Its assessed value is $231,000.
The property stands out most for its living area. It ranks in the top 10% on its street and top 21% in the West Alexander neighbourhood, offering noticeably more interior space than nearby homes. The year built is also above average locally—newer than most houses on the street and in the area, which tend to date from the 1920s and 1930s. The lot size is typical for the immediate street and neighbourhood but well below the citywide average.
The assessed value tells a more layered story. It’s above average on the street (top 23%) and in the neighbourhood (top 25%), yet sits in the bottom 13% citywide. This suggests the property is priced realistically for its location rather than reflecting any premium for its size or age. A buyer isn’t paying for land value here—the lot is modest by city standards—but for a solidly built, roomier home in a neighbourhood where larger interiors are uncommon.
This property would suit buyers who prioritize square footage over yard space, and who are comfortable with an older home that’s still younger than its immediate neighbours. It’s a practical fit for someone who wants more indoor room without moving to a newer, more expensive area. The low citywide assessed value relative to its local ranking also hints at possible upside if the neighbourhood sees upward pressure over time.
Five Possible FAQs
1. How does the living area compare to other homes nearby?
It’s significantly above average. On the street, it ranks 14th out of 142 homes, putting it in the top 10%. Within West Alexander, it’s in the top 21%. The house is roughly 50% larger than the average home on the same street.
2. Why is the assessed value low compared to the rest of Winnipeg?
The property’s assessed value reflects the local market in West Alexander, which sits well below the citywide median of $390,000. While this home is valued higher than most on its street and in the neighbourhood, it still falls in the bottom 13% of all comparable homes across Winnipeg. Location, not the house itself, is the main factor.
3. Is the lot size a limitation?
It depends on what you’re after. At 3,566 square feet, the lot is average for the street and slightly smaller than the neighbourhood average. Compared to the typical Winnipeg lot of 6,570 square feet, it’s compact. If you want a large yard or room to expand, this may feel tight. But if you’re focused on the house’s interior space, the lot size is proportionate and typical for the area.
4. How old is the house, and is that a concern?
Built in 1948, it’s newer than most homes on the street (average 1934) and in West Alexander (average 1921). Citywide, however, it’s older than the average comparable home (1966). A 1948 build is past the point where major systems (plumbing, electrical, roof) may need updating—buyers should budget for potential replacements if they haven’t been done recently. But it’s also not a century home, so it avoids some of the structural quirks of much older houses.
5. What’s the neighbourhood like in terms of home values and competition?
West Alexander is a more affordable area within Winnipeg, with most homes valued well below the city median. The property’s strong local rankings for living area and year built mean it’s a standout within its immediate market. Competition among buyers looking for a larger, slightly newer home in this price range could be noticeable, but the overall price point remains accessible relative to the city as a whole.