887 Winnipeg Avenue – Property Summary
Key Characteristics & Buyer Suitability
This 1,080 sqft home, built in 1953, sits on a 3,276 sqft lot in the West Alexander neighbourhood of Winnipeg. Its main appeal lies in value rather than size or land. The assessed value of $248,000 is notably stronger than both the street average ($198,400) and the neighbourhood average ($187,300), ranking in the top 15–16% locally. The year built also stands out—1953 places it among the newer properties on a street where the average home dates to 1934, and in a neighbourhood where the average is 1921.
The living area is roughly average for the area (1,080 sqft vs. a street average of 1,121 sqft and a neighbourhood average of 1,299 sqft). The land is below average for the street (3,276 sqft vs. 3,558 sqft) and well below the citywide norm. Citywide, the assessed value drops to the bottom 17%, reflecting that the local market in West Alexander is more affordable than many other parts of Winnipeg.
Who it suits: Buyers who prioritize a solid, decently updated home in a modest, established neighbourhood over a large lot or square footage. It would appeal to someone looking for relative value within the local area—a property that offers more house for the money compared to its immediate neighbours, without paying a premium for extra land. First-time buyers or those downsizing from a larger property might find it a practical fit, especially if they value a home that isn't one of the oldest on the block.
Frequently Asked Questions
1. How does the property's assessed value compare to similar homes nearby?
It is above average for the street and neighbourhood—about $50,000 to $60,000 higher than the local median. This suggests the home may have had updates or features that set it apart from the typical property on Winnipeg Avenue or in West Alexander. Citywide, however, it is well below the average of $390,000, so you are not paying central-city prices.
2. The living area is around 1,080 sqft—is that considered small for this area?
It's slightly below the neighbourhood average of 1,299 sqft, but very close to the street average of 1,121 sqft. On this specific block, it's a typical size. If you're used to larger suburban homes, it will feel compact; for this part of the city, it's standard.
3. Why is the land area ranked lower than the living area?
The lot is 3,276 sqft, which is below the street average of 3,558 sqft and well below the citywide average of 6,570 sqft. Many homes in older Winnipeg neighbourhoods sit on smaller lots, especially compared to newer subdivisions. This property prioritizes indoor space over outdoor space—something to note if gardening or a big yard is important to you.
4. Is 1953 considered a good year built for this neighbourhood?
Yes. Most homes in West Alexander were built in the 1920s and 1930s. On Winnipeg Avenue, this home ranks in the top 9% for newer construction. That means fewer potential issues with aging foundations or outdated electrical systems common in much older homes, though 1953 still requires maintenance typical of a mid-century property.
5. What is the West Alexander neighbourhood like in terms of market positioning?
It's an older, inner-city area where homes are generally more affordable than the Winnipeg average. This property reflects that—while it's a strong performer locally, it's priced well below citywide medians. Buyers should expect a mature, established setting with smaller lots and older housing stock, but also a location closer to downtown than most newer developments.