260 Reitta Street – Property Summary
Key Characteristics & Buyer Profile
This 1,344 sqft home, built in 1895, sits on a 3,728 sqft lot in Winnipeg’s West Alexander neighbourhood. Its strongest feature is the lot size—above average on the street (ranked 2nd out of 8) and well above the street average of 2,920 sqft. The living area also stands out relative to immediate neighbours (top 25% on Reitta Street), though it’s roughly average when compared to the broader neighbourhood and city.
The appeal here is less about modern finishes or a newly built structure and more about space and relative value. The assessed value ($170,000) is notably below the citywide average ($390,100) and sits in the bottom 5% of Winnipeg overall. This suggests a lower entry point compared to much of the city, but the home itself is older—built in 1895, ranking in the oldest 11% of homes in the neighbourhood and the bottom percentile citywide.
This property would suit buyers who prioritize yard space and a larger floor plan over a newer build. It’s a practical fit for someone willing to invest in updates or maintenance, especially if they value a quieter street with above-average lot dimensions. First-time buyers or those looking for a project with strong bones and room to grow may find it particularly appealing. It may be less suited for those seeking move-in-ready condition or modern efficiency without significant work.
Five Possible FAQs
1. How does the age of the home affect its practicality?
Built in 1895, this is one of the older homes in the neighbourhood and city. Buyers should budget for potential updates to electrical, plumbing, insulation, and foundation work. A thorough inspection is recommended, and older homes often require more ongoing maintenance than newer builds.
2. Is the assessed value a good indication of market price?
Assessed value ($170,000) is used for property tax calculations and may differ from market value, especially in older homes where condition and renovations play a large role. It’s best used as a baseline, not a firm price point.
3. How does the lot size compare to typical Winnipeg properties?
The 3,728 sqft lot is generous for the street (top 25%) but below the citywide average of 6,570 sqft. It offers more outdoor space than most neighbours while still being compact enough for manageable upkeep.
4. What kind of neighbourhood is West Alexander?
West Alexander is a central Winnipeg area with a mix of older homes. It ranks around average for living space and assessed value within the neighbourhood, indicating a stable but not high-end market. Proximity to amenities varies by street, so checking the neighbourhood map is worthwhile.
5. Are there any obvious red flags from the ranking data?
The home’s age (bottom 100% citywide) and below-average assessed value (bottom 5% citywide) are the main cautions. These numbers don’t necessarily mean poor condition, but they signal an older structure that may need more attention than newer inventory in the same price range.