750 Elgin Avenue

750 Elgin Avenue – Property Summary

Key Characteristics & Buyer Suitability

This is a 1909 home with 920 square feet of living space on a 3,274-square-foot lot, located on Elgin Avenue in the West Alexander neighbourhood of Winnipeg. Its assessed value is $140,000.

The property sits in an older, established part of the city. Compared to other homes on the same street, its living area and year built are roughly average, and its land area is slightly above average. However, assessed value is below the street and neighbourhood averages, and significantly below the citywide average. The rankings tell a straightforward story: this is a modest, older home on a reasonably sized lot, in a neighbourhood where many properties share a similar vintage.

The appeal lies in its affordability. The assessed value is at the very bottom of the citywide scale (top 98% lowest), which suggests a realistic entry point for buyers priced out of larger or newer homes. The lot size—while small by citywide standards—is competitive for the street and neighbourhood, offering some outdoor space. The home’s age (114 years) means character and older construction, but also likely maintenance needs and possibly outdated systems or finishes.

This property would suit a buyer looking for a lower-cost entry into homeownership, particularly someone comfortable with an older home and willing to invest in repairs or upgrades over time. It may also appeal to an investor targeting the lower end of the rental market in an established inner-city area. It is less suitable for someone seeking a move-in-ready, modern home or a large suburban lot.

Five Possible FAQs

1. How does the assessed value compare to what I might actually pay?
Assessments are a standardized valuation, not a market price. At $140,000, this home is assessed well below the citywide average and below both its street and neighbourhood averages. In a competitive market, the sale price could go above the assessment, but the data suggests this property is priced at the entry level of the market. You would still want a local real estate agent’s opinion on current market conditions for the area.

2. Is a 1909 home likely to have major structural or mechanical issues?
It can. Older homes of this era often have knob-and-tube wiring, galvanized or lead plumbing, foundations that may not meet modern standards, and insulation that is minimal or absent. Some of these systems may have been updated, but the property’s low assessed value relative to its peers hints that significant improvements may not have been made recently. A thorough home inspection is strongly recommended, especially for the foundation, roof, electrical, and plumbing.

3. The lot is 3,274 sqft—is that considered small for Winnipeg?
In the context of Winnipeg as a whole, yes. The citywide average lot size for comparable homes is 6,570 sqft, so this lot is less than half that. However, on Elgin Avenue itself, the average lot is 3,608 sqft, meaning this property is roughly average for the street. In the West Alexander neighbourhood, the average is 3,591 sqft, so the lot is typical for the immediate area. If you want a large yard, this would be limiting, but if you value a modest outdoor space with less maintenance, it may be fine.

4. What does “ranked #158,755 out of 194,458 citywide” mean for living area?
It means the living area (920 sqft) is smaller than about 82% of comparable homes in Winnipeg. This puts the home in the bottom fifth citywide for size, which is consistent with its age and location. In an older central neighbourhood, smaller homes are common, so this is not unusual for the area. Buyers moving from newer suburbs may find the compact layout a significant adjustment, but those already living in older inner-city homes would find it standard.

5. How does this home compare to others currently for sale in West Alexander?
This data compares the property against a broad set of comparable homes—not just active listings. Because the home ranks low in assessed value even within the neighbourhood (top 73% lowest), it likely sits at the lower end of the current market in West Alexander. That said, rankings based on year built and land area are near the middle of the neighbourhood (top 41% and 58%, respectively). So while the price is low, the lot size and age are not outliers. The best way to understand its place in the current market is to look at active listings and recent sales in a one- or two-block radius.