264 Owena Street – Property Summary
What to Know
This is a 1,159 sqft home built in 1906 on a 3,280 sqft lot in Winnipeg’s West Alexander neighbourhood. The living space is close to average for its street, community, and city, sitting in the top third on its block but slightly below the citywide median. The assessed value is notably low relative to the city average, which keeps property taxes modest. The lot is small compared to typical Winnipeg standards, but it’s right in line with others in the area.
The main appeal here is practicality rather than flash. It’s a solidly middle-of-the-pack property that won’t stand out in square footage or land size, but that same ordinariness makes it a predictable, low-drama option. The older build (1906) gives it character but also likely means ongoing maintenance awareness is needed. This would suit a buyer who values a reasonable footprint in a walkable, established neighbourhood over something newer or bigger—someone who doesn’t mind an older home as long as the bones are sound and the tax bill is low. It’s a sensible choice for a first-time buyer or someone downsizing who wants to avoid suburban cookie-cutter lots.
Frequently Asked Questions
1. How does the property tax compare to similar homes?
The assessed value is $175,000, which is well below the citywide average of $390,000 and slightly under the community average of $187,000. This means the annual tax bill should be lower than for most comparable houses in Winnipeg.
2. Is a 1906 build a concern for condition or maintenance?
An older home often means outdated systems or materials. The property’s ranking (older than 98% of city homes) makes it one of the oldest in the area. A thorough home inspection is wise to check the foundation, wiring, plumbing, and insulation. That said, many century homes in West Alexander have been updated over time.
3. How does the lot size affect the property’s value?
At 3,280 sqft, the lot is significantly smaller than the Winnipeg average of 6,570 sqft, but it’s typical for this community. A smaller lot means less outdoor upkeep and a more compact footprint, which can be a plus for low-maintenance living but may limit expansion options.
4. How does this home compare to others on Owena Street?
On its own street, it ranks second out of six for living area (top third) and third for lot size (exactly average). Its assessed value is second-lowest, making it the most affordable option on the block by tax assessment—helpful if budget is a priority.
5. Who is this home best suited for?
It fits buyers who want an established inner-city neighbourhood, realistic square footage, and low carrying costs. It’s less suited for those seeking a large yard, a modern build, or top-tier resale value relative to city averages. It’s a grounded, unpretentious home for someone who values location and affordability over prestige.