This is a 1907-built starter home or investment property with 898 square feet of living space on a 1,789-square-foot lot. Its assessed value of $93,000 sits well below street, neighborhood, and city averages. The home’s main draw is its low entry price point in a central Winnipeg location. It ranks in the bottom percentiles for land size and value, meaning you’re getting a compact footprint and older construction. This property suits buyers who prioritize affordability over space — first-time buyers with limited budgets, investors looking for a lower-cost rental or flip with cash-flow potential, or someone willing to take on renovation work. The older build (1907) may appeal to those who appreciate character or are comfortable with deferred maintenance. The appeal is less about competing on size or finish and more about accessing a neighbourhood without the premium typically attached.
-
Does the low assessed value mean the property is in poor condition?
Not necessarily — assessed value reflects market patterns, not a direct condition report. It does suggest the home is smaller and older than most nearby comparables. You’ll want a home inspection to gauge actual upkeep.
-
Is this a good candidate for a renovation?
Possibly, but the small lot and modest square footage limit upside compared to larger properties. Renovations could improve livability and resale value, but you won’t be adding square footage without zoning changes.
-
How does the year built affect insurance or maintenance?
Homes from 1907 often have different electrical, plumbing, and foundation systems. Expect higher insurance premiums and a greater likelihood of needing updates. Some insurers may require an electrical safety check or knob-and-tube wiring replacement.
-
What’s the neighbourhood like in terms of resale potential?
West Alexander is a dense, older Winnipeg neighbourhood. Resale can be slower than in newer suburbs, but the area has consistent demand from buyers seeking affordability and proximity to downtown. Price growth is typically modest.
-
Is the lot size a dealbreaker for most buyers?
For those wanting a yard or expansion room, yes — 1,789 sqft is well below average. For someone wanting low-maintenance outdoor space or a small garden, it’s manageable. It’s not suited for a garage addition or large-scale landscaping.