266 Tecumseh Street – Property Summary

Key Characteristics & Appeal

This is a late-19th-century home (built 1899) located in the West Alexander neighbourhood of Winnipeg. It offers 1,072 square feet of living space on a notably large lot of 5,036 square feet—the largest on its street and well above the neighbourhood average of 3,591 square feet. The assessed value is $144,000, which sits below both the street and neighbourhood averages.

The property’s main draw is the land. For buyers who value outdoor space, a large garden, or potential for future expansion, the lot size is a standout feature in a neighbourhood where smaller parcels are the norm. The home itself is modest in size, and its age means it will likely require ongoing maintenance or updates—but that also reflects the lower entry price relative to newer or more recently renovated homes in the area.

This property would suit buyers who are comfortable with an older home and are prioritising land over turnkey finishes. It may appeal to those looking for a project, investors seeking a property with good lot value, or anyone who wants more outdoor space than what’s typical in this part of the city. It’s less suited for someone wanting a move-in-ready modern home in a higher-valued area.

Five Possible FAQs

1. Why is the assessed value so low compared to the citywide average?
The citywide average ($390,100) is heavily influenced by newer, larger homes in higher-demand areas. This property’s lower value reflects its age, smaller living area, and the West Alexander neighbourhood’s local market conditions. On its own street, the value sits near the middle of the pack.

2. What does “ranked 1 out of 14 on the street for land area” actually mean in practice?
It means this lot is the largest on Tecumseh Street by a significant margin—roughly double the street average. For someone who wants a sizable yard, a garage, or room for a garden suite or addition, this is a rare find in this immediate area.

3. Is a home built in 1899 likely to have major structural issues?
Not necessarily, but any home over a century old will have systems and materials that may be outdated or worn. Buyers should budget for a thorough inspection focusing on foundation, electrical, plumbing, and insulation. Older homes often have solid framing but may lack modern energy efficiency.

4. How does this property compare to others in West Alexander in terms of value?
It’s below the neighbourhood average for assessed value and living area, but above average for land. In a market where land is increasingly valued, this could mean better long-term appreciation potential relative to similar-priced homes on smaller lots.

5. Would this property be suitable for a family?
It depends on the family’s needs. The living space (1,072 sq. ft.) is compact for a larger family, but the land offers room for children to play or for future expansion. For a couple or small family who values outdoor space and doesn’t need a large interior, it could be a good fit.