682 Logan Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s West Alexander neighbourhood, built in 1899. At 726 square feet of living space on a 2,468-square-foot lot, it sits well below average in size compared to nearby homes and city-wide benchmarks. The assessed value of $144,000 reflects both its modest footprint and its age.
Where the property’s appeal lies is more subtle than raw numbers suggest. While it ranks low for living area, land size, and value on almost every level, that also means it’s priced significantly below the median for the neighbourhood (which sits around $187,000) and far below the city-wide average of $390,000. For a buyer focused on entry-level affordability in a central Winnipeg neighbourhood, this property is one of the cheaper options available. The year-built ranking (top 98% on the street) confirms what you’d expect: few homes in this area are older, which may attract someone interested in character or fixer-upper potential, rather than modern finishes.
This home would suit a buyer who is comfortable with a smaller space and an older structure—someone looking for a low-cost entry into a central location, or someone with renovation skills who sees opportunity in a property that hasn’t been updated recently. It’s less suited for buyers seeking turnkey condition, generous square footage, or a large yard.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The current assessed value of $144,000 is below the neighbourhood average of $187,300 and ranks in the bottom third on Logan Avenue. It’s one of the more affordable properties in West Alexander, but the value also reflects the home’s smaller size and age.
2. Is this a fixer-upper or is it move-in ready?
The data doesn’t include condition details, but the 1899 build date and below-average rankings across size and value often suggest an older home that may need updates. Buyers should budget for a thorough inspection and factor in possible repairs or upgrades.
3. How does the lot size affect use of the property?
The land area of 2,468 square feet is smaller than most homes on the street (average 3,664 sqft) and well below the city-wide average of 6,570 sqft. That means limited outdoor space—something to consider if gardening, parking, or future expansion matters to you.
4. What’s the neighbourhood like in terms of property values?
West Alexander shows a wide range of property values, but this home sits near the lower end. The area has older housing stock overall, with average build years around 1921 for the neighbourhood. It’s not an area of rapid recent development, so price growth may be slower than in newer suburbs.
5. Why are the rankings so low across all categories?
This property is smaller, older, and on a smaller lot than most homes in Winnipeg. The rankings simply reflect that. The trade-off is a much lower purchase price—buyers pay less for less space, which can be a logical choice if budget is the main factor.