This is a 1907-built home with 924 sq. ft. of living space on a 2,340 sq. ft. lot. Its assessed value is $87k. The property is consistently below average in size and value compared to its street, neighbourhood (West Alexander), and the city of Winnipeg as a whole. Its strongest relative point is its age—at 1907, it’s slightly older than the average home on Nora Street (1919) and in West Alexander (1921), putting it in the upper-middle tier for its street and neighbourhood.
The appeal here is practical and budget-driven. This isn’t a home for someone looking for a bargain in a rising area or a property with hidden upside potential. Instead, it suits a buyer who needs low entry costs and is comfortable with a smaller footprint. The lot is notably compact even for the neighbourhood, which is already below city averages. That means less outdoor maintenance but also limited space for additions or gardens.
This property would work best for a first-time buyer with a tight budget who isn’t expecting the home to appreciate quickly, or for someone who wants a simple, small house in an older, established area of Winnipeg. It may also appeal to an investor looking for a low-carry-cost rental, though the low assessed value reflects the neighbourhood’s market position.
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Why is the assessed value so low compared to the city average?
The $87k assessment reflects the home’s smaller size, older construction, and the fact that West Alexander has lower property values than most Winnipeg neighbourhoods. Being in the bottom 100% citywide for assessed value is consistent with these factors—it’s not a sign of neglect, just a reflection of the local market.
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How does the lot size affect what I can do with the property?
At 2,340 sq. ft., the lot is smaller than average for the street and well below the city norm (6,570 sq. ft.). This limits expansion potential—adding a large garage or a significant addition would be challenging. It’s best suited for someone who values low-maintenance outdoor space over room to grow.
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Is a home built in 1907 likely to have issues?
In older homes like this, buyers should expect potential issues with outdated electrical, plumbing, or insulation. While its age is average for the neighbourhood, 1907 is still old by citywide standards (81% of homes are newer). A thorough inspection is essential. The upside is that many homes this old have solid structural bones if they’ve been well-maintained.
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How does the property rank within West Alexander compared to other nearby streets?
It’s on Nora Street, which is a smaller street (8 comparable homes in the data). The home ranks last on its street for living area and assessed value, but mid-range for lot size. This means it’s one of the more modest options on Nora, so buyers should compare it carefully with other properties on the same block to see if they’re getting fair value.
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Why is the ranking format expressed in percentiles, and what do the colours mean?
The ranking compares this property to similar homes across three levels: street, neighbourhood, and city. A higher percentile (e.g., “top 38%”) means it performs better than that percentage of comparable homes. The bars use a red-to-yellow-to-blue gradient, where red indicates lower-ranking positions and blue indicates higher ones. The white tick mark shows where this property sits relative to the median (the middle value) for each category.