260 Chambers Street – Property Summary
Key Characteristics & Buyer Profile
This is a 970 sqft home built in 2017, sitting on a 3,280 sqft lot in the West Alexander neighbourhood of Winnipeg. The assessed value is $302,000.
The property's strongest feature is its age. Built in 2017, it ranks in the top 5% citywide and top 1% within the neighbourhood—meaning nearly every other home nearby is older, many by decades. For buyers who want a newer build without paying new-construction prices, this stands out.
The assessed value is notably high within the immediate area—ranked top 4% in West Alexander and number one on Chambers Street. That suggests the home carries a premium locally, even though citywide it falls around average. The living area is slightly below the neighbourhood and city averages, while the land area is generous for the street but well below the typical Winnipeg lot size.
This property would likely suit:
- Buyers who prioritize a newer home over square footage or a large yard
- Someone looking for value in a neighbourhood where newer inventory is scarce
- Those comfortable with a modest interior footprint but wanting modern construction and finishes
It may be less ideal for buyers seeking maximum living space, a large lot, or a location where the assessed value offers a clear discount compared to citywide benchmarks.
Frequently Asked Questions
1. How does the living area compare to other homes nearby?
It's 970 sqft, which is slightly smaller than the street average (1,011 sqft) and well below the neighbourhood average (1,299 sqft). It ranks in the bottom half both locally and citywide. If you're comparing to typical single-family homes in West Alexander, expect less interior space.
2. Why is the assessed value so high relative to the neighbourhood?
The value likely reflects the newer construction. Most homes in West Alexander are much older—the neighbourhood average year built is 1921. A home from 2017 with modern systems, insulation, and finishes tends to appraise higher, even if it's smaller than its neighbours.
3. How big is the lot compared to typical Winnipeg properties?
The land area is 3,280 sqft, which is average for Chambers Street but significantly smaller than the citywide average of 6,570 sqft. If you're expecting a deep yard or space for additions, this is a more compact lot—common for newer infill builds.
4. Is this a good option for first-time buyers?
Possibly, if they want something move-in ready with no major updates needed. The new build means fewer immediate maintenance concerns. However, the assessed value being above the neighbourhood average could mean higher property taxes relative to neighbouring homes, which is worth factoring into monthly costs.
5. How does this home rank against similar homes across Winnipeg?
Citywide it lands in middle to average territory: top 70% for assessed value, top 77% for living area, top 84% for land area, and top 5% for year built. It's a relatively new, moderately valued home on a typical city lot—not exceptional by Winnipeg standards, but a solid performer in its category.