243 Trinity Street – Property Summary
Key Characteristics & Buyer Profile
This is a compact, character-rich home in Winnipeg’s West Alexander neighbourhood, built in 1911. With 660 square feet of living space on a 1,198-square-foot lot, it’s small by most standards—ranking in the bottom 2% city-wide for living area and the bottom 100% for land area. But on its own street (Trinity Street), it’s the largest home and has the highest assessed value.
The appeal here is less about space and more about entry-level pricing and location. The assessed value of $109,000 is well below neighbourhood and city averages, making this one of the more affordable properties in the city (bottom 1% by value). That suggests it could appeal to first-time buyers, investors looking for a low-cost entry into the market, or someone willing to trade square footage for a lower mortgage and smaller footprint.
The older construction (1911) means this is a home with history, likely original details, and possibly higher maintenance needs. It’s not a turnkey suburban house—it’s a small urban property that suits someone who values affordability, character, and a central location over modern finishes or ample square footage.
Frequently Asked Questions
1. Is the assessed value of $109,000 a reliable indicator of market price?
Not necessarily. Assessed values are based on municipal formulas and may lag behind actual market conditions. In a neighbourhood with few sales, the assessment could be either conservative or outdated. It’s best used as a starting point—check recent comparable sales in West Alexander for a clearer picture.
2. Why is the land area so small compared to the neighbourhood average?
The neighbourhood average (3,591 sqft) reflects a mix of property types, likely including larger lots or detached homes on wider streets. This property sits on a 1,198-sqft lot, typical of older, denser urban infill—think narrow lots, minimal yard, and close neighbours.
3. What should I expect from a home built in 1911?
Older homes often have solid framing and character features (high ceilings, original trim, hardwood floors) but may require updates to electrical, plumbing, insulation, or the foundation. A pre-purchase inspection is strongly recommended, especially for knob-and-tube wiring, lead pipes, or asbestos.
4. How does this property compare to others in the same price range?
At $109k assessed, it’s among the cheapest properties city-wide. Most comparably priced homes are also older, smaller, or in need of renovation. The trade-off is usually location—this one is on Trinity Street in West Alexander, which offers proximity to downtown Winnipeg and established amenities.
5. What’s the neighbourhood like?
West Alexander is an older, inner-city area with a mix of residential and light commercial uses. It’s walkable, transit-friendly, and close to the Exchange District and downtown. But it’s also a neighbourhood with a mix of income levels and housing conditions—worth visiting at different times of day to get a feel for the immediate block.