713 Elgin Avenue – Property Summary
Key Characteristics & Buyer Suitability
This 1,296-square-foot home was built in 1905 and sits on a 3,121-square-foot lot in Winnipeg’s West Alexander neighbourhood. Its assessed value is $200,000.
Where its appeal lies: The property’s standout feature is its living area. At 1,296 square feet, it ranks in the top 25% on Elgin Avenue, outperforming the street average of 1,113 square feet by a meaningful margin. The assessed value, meanwhile, is competitive relative to the neighbourhood ($200,000 vs. an average of $187,300) but notably low against the citywide average of $390,100. This creates a gap between its usable space and its price tag. The land area (3,121 sqft) is slightly below the street and neighbourhood averages, and the year built (1905) places it among the older homes citywide.
Who it would suit: Buyers looking for a home with above-average interior space in an older, established neighbourhood, without paying a premium for a large lot. It may appeal to someone who values square footage over modern finishes or a newer build. Given its age and lot size, it could also interest those planning renovations or additions—the living area gives room to work with, and the lower land value may keep the base price accessible. It’s less suited for buyers seeking a large yard, a newer home, or a property whose assessed value tracks closely with citywide medians.
Frequently Asked Questions
1. How does this home’s living area compare to other homes in Winnipeg?
It’s around average citywide—ranked in the top 42% of comparable homes. But on its own street, it’s above average (top 25%), meaning it offers more interior space than most nearby properties.
2. The assessed value seems low relative to the city average. Why?
Assessed value reflects local market conditions, not just size. This home’s value is typical for West Alexander and Elgin Avenue. The citywide average ($390,100) is pulled higher by newer, larger homes in more expensive areas. This property sits in a more affordable pocket of Winnipeg.
3. What does the “year built” ranking tell me?
The home was built in 1905, which is older than most homes citywide (top 98%) and somewhat older than average for its street and neighbourhood. This means it likely has original character and materials, but may also require updates to electrical, plumbing, or insulation.
4. Is the land area a concern for future development?
At 3,121 square feet, it’s slightly below the street and neighbourhood averages. It’s not a large lot by city standards (top 86% means most Winnipeg lots are bigger). If you’re planning an extension or a garage, you’ll want to check zoning and setback rules. It’s a modest lot, not a cramped one.
5. How is the “bar fill” and “tier colour” in the rankings determined?
The bar fill length shows the share of comparable homes you outperform in that category. The colour reflects performance tier—red typically means below average in that metric, blue means above average. The “Avg” line is a rough median for comparable homes within that scope (street, neighbourhood, or city).