118 Harriet Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,715 sqft home on a 3,291 sqft lot, built in 1882. The living space is notably generous—ranking in the top 23% on its own street, top 19% in the West Alexander neighbourhood, and top 20% city-wide. In terms of size, the property offers more room than most comparable homes at every level.

The assessed value tells a different story: at $131,000, it sits well below the neighbourhood average of $187,300 and far below the city-wide average of $390,100. This isn’t a sign of poor condition necessarily, but it does suggest the property hasn’t been heavily updated or that the market in West Alexander is priced more modestly than other parts of Winnipeg. For a buyer, the gap between living area and assessed value is the main point of interest—you're getting above-average square footage at a below-average price point.

The land area is close to the street and neighbourhood averages, but below the city-wide norm. Combined with the 1882 build date, this property will appeal to someone who values character and interior space over a large yard, and who is comfortable with an older home that may need ongoing maintenance. It suits buyers looking for a good-sized house in an established, centrally located neighbourhood, without paying a premium for modern finishes or a high-profile street.

Five Possible FAQs

1. How does the older construction affect things like heating and insurance?
Older homes often have less insulation, older wiring, and original foundations. Buyers should budget for higher utility costs and check with their insurer about any age-related surcharges or requirements for updated systems. An inspection is strongly recommended to identify any deferred maintenance.

2. Why is the assessed value so low compared to the city average?
Assessed value reflects the city’s estimate of market value, not necessarily replacement cost. This home is in West Alexander, a neighbourhood with more modest price points than newer or more central suburbs. The age of the house and likely lack of major renovations also pull the assessment down.

3. What does “top 23%” for living area really mean in practice?
It means the home has roughly 264 more square feet than the average house on the same street. In a neighbourhood like West Alexander, that extra space could be a formal dining room or a larger main floor layout. You’re getting more usable room than most neighbours have.

4. Is a 3,291 sqft lot considered small?
It’s typical for the street and neighbourhood, but well below the city average of 6,570 sqft. In Winnipeg, a lot of this size is common in older, walkable areas. You’ll have a manageable yard for gardening or a small patio, but not a large lawn or space for major additions.

5. How does this property compare to others on Harriet Street specifically?
It ranks near the middle for lot size and year built, and near the top for living area. The assessed value is on the lower end, meaning you’re paying less per square foot than most of your immediate neighbours. It’s a strong value play within the street itself.