43 Kate Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This 1905 home on Kate Street sits on a 3,905 sqft lot with 1,428 sqft of living space. Its standout feature is the assessed value: at $234,000, it ranks #1 on the street (top 7%) and well above the neighbourhood average of $187,300. The home is older than most in the city—roughly 60 years older than the Winnipeg average—but the lot size is average for the area, and the living space sits near the middle of the pack both locally and citywide.

The appeal here is value positioning. You're getting a property assessed significantly higher than its neighbours, which may reflect recent improvements or desirable characteristics not captured by square footage alone. The lot is modest by city standards but competitive within West Alexander, where the average is 3,591 sqft. The 1905 build date puts it among the older homes in the neighbourhood, which may matter for character, maintenance expectations, and insurance.

This property would suit a buyer who:

• Is comfortable with an older home and understands the upkeep that comes with it
• Wants above-average assessed value in a street-level context, potentially signalling strong resale positioning
• Is focused on the West Alexander area specifically, rather than comparing against citywide metrics
• Does not prioritize maximum square footage or a large lot

A less obvious angle: the citywide assessed value rank (top 86%) is low relative to the street and neighbourhood ranks, which suggests this home is better valued within its immediate context than against broader market benchmarks. That could mean it's a relative bargain in an area where comparable homes cost more—or it could reflect that West Alexander itself carries lower citywide valuation. Buyers should consider which comparison matters more for their situation.

Frequently Asked Questions

1. Why is the assessed value so much higher than neighbouring homes on Kate Street?
The data shows it ranks #1 on the street, but the report doesn't specify what drives that difference. Possible factors include recent renovations, superior condition, or lot characteristics not captured in the basic metrics. It's worth checking the full assessment details from the city to understand what specifically was considered.

2. How does a 1905 build affect practical ownership?
Older homes often have different insulation standards, older electrical or plumbing systems, and may require more frequent maintenance. They can also have character features (e.g., original trim, higher ceilings) that newer homes lack. Insurance premiums and heating costs may be higher than average. A home inspection is strongly recommended to assess the actual condition.

3. Is the lot size of 3,905 sqft small for Winnipeg?
Citywide, it's below average (the average for comparable homes is 6,570 sqft). But within West Alexander, it's actually slightly above the neighbourhood average of 3,591 sqft. Whether this matters depends on your lifestyle—if you want a large yard or garden space, this may feel tight; if you prefer lower maintenance, it could be a good fit.

4. What does "ranked #1 out of 15 on Kate Street" actually mean for resale?
It means this property has the highest assessed value among 15 comparable homes on the same street. That could make it easier to sell if the market views high assessed value as a signal of quality. However, assessed value isn't the same as market price—it's a tax assessment based on formulas the city uses. Always check recent sale prices for similar homes nearby.

5. Should I compare this home to other properties on Kate Street, in West Alexander, or citywide?
Each comparison serves a different purpose. Street-level rankings show how it stacks up against immediate neighbours—useful if you care about the block's character or resale within the same street. Neighbourhood-level gives a broader sense of the area's housing stock. Citywide comparisons are least useful here because West Alexander has different characteristics from Winnipeg as a whole. For practical decision-making, neighbourhood-level data is often the most relevant.