Property score
40.9
Below average
Overall 40.9 · Smaller than most nearby homes
539 sqft (bottom 4%) · Built in 2012 (8 yrs newer than avg)
Located in a average-income area with median household income of ~46.8k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 14 dining spots, 3 schools, 4 shops, and 7 parks nearby
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Near average
8 yrs newer than neighborhood avg.
Mother tongue
English · 57%Chinese · 2%
Past 10 years Centennial sales snapshot (~80% of all data)
18
144k
$181/sqft
2004
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40.9 is composed by the two sections below.
Property Score
Community Score
Centennial
How to read: Share of sales in each ~$50k price band for “centennial” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110071
$47K
Median household income
$61K
Average household income
40%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
45%
Single-person households
17%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
1-358 Alexander Avenue — 31 amenities found within 500 m, across 6 categories, including 14 dining (nearest 166 m), 3 education (nearest 232 m), 4 shopping (nearest 250 m).
Centennial · WPS public data · 2026
Annual incidents
67
2026
vs. city avg
+127%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
51%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 33% | Top 6% | Bottom 35% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 33% | Top 6% | Bottom 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This compact, renovated home at 1-358 Alexander Avenue in Winnipeg's Centennial neighbourhood presents a unique and highly affordable entry point into the market. Built in 2012, it is a notably modern structure compared to the Winnipeg average. Its primary appeal lies in its minimal property tax burden due to a very low municipal assessed value, paired with the move-in readiness of a renovated basement. The 539 sqft living area is significantly smaller than most neighbourhood and city-wide homes, indicating a efficient, low-maintenance footprint. This is not a typical family home; instead, it suits a specific buyer: a first-time purchaser seeking absolute cost minimization, an investor looking for a low-cost rental property, or someone wanting a simple, modern pied-à-terre with extremely low carrying costs. Its value is in financial efficiency rather than space.
Key Considerations & FAQs
1. What exactly am I buying for this price?
You are purchasing a very small, modern (2012) home with a renovated basement. The focus is on affordability and low annual taxes, not square footage. It's likely a standalone tiny home, coach house, or a small modular structure.
2. Why is the assessed value so much lower than the neighbourhood average?
The assessed value ($22,200) is based on the property's market value for tax purposes. Its size (539 sqft) is a major factor, being much smaller than the Centennial average. This results in proportionally lower property taxes, which is a key feature.
3. Is this a good investment?
It depends on your strategy. The price point offers a very low barrier to entry. For an investor, the yield based on purchase price could be attractive, but potential rental income may be limited by the small size. Its resale market will always be niche due to the unconventional size.
4. What are the less obvious things to consider?
Consider financing: some lenders may be hesitant with non-standard, very low-value properties. Also, while the basement is renovated, the overall condition and quality of finishes for the entire structure should be verified. Finally, understand the exact nature of the "Building Type," which is listed as unspecified.
5. How does it compare to nearby properties with the same assessed value?
The listing shows similar-valued properties in other neighbourhoods, like Varsity View. This suggests that at this price point, you are choosing between this modern, tiny home in Centennial or potentially an older, very small condo or share in another area. It highlights the trade-off between building age and location.
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