Property score
41.3
Below average
Overall 41.3 · Older than most nearby homes
1,184 sqft (bottom 43%) · Built in 1883 (43 yrs older than avg)
Located in a below-average income area with median household income of ~39.2k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 2 schools, 1 healthcare facility, and 2 shops nearby
Living Area
Near average
12% smaller than neighborhood avg.
Year Built
Below average
43 yrs older than neighborhood avg.
Mother tongue
English · 60%Tagalog · 9%
Past 10 years Centennial sales snapshot (~80% of all data)
128
215k
$120/sqft
1926
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41.3 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” (Detached houses (non-condo), 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: #46110176
$39K
Median household income
$60K
Average household income
38%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.1
P90 / P10 ratio
48%
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 land area, larger = better rank
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
562 Alexander Avenue — 20 amenities found within 500 m, across 6 categories, including 7 dining (nearest 236 m), 2 education (nearest 129 m), 1 healthcare (nearest 397 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 | Bottom 1% | Bottom 1% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-three-quarter storey home on Alexander Avenue in Winnipeg's Centennial neighbourhood presents a distinct opportunity. Built in 1883, it is a historic property with a living area of 1,184 sqft, which is notably spacious for its street. The lot size is a standard 2,605 sqft. Key features include an unrenovated basement and no garage. The home’s most striking characteristic is its exceptionally low municipal assessed value, which is among the very lowest in the city.
Its appeal lies in its potential. This is not a move-in-ready home but a foundational project. It suits a specific buyer: someone looking for an affordable entry into homeownership with a vision for renovation, an investor comfortable with a significant rehab project, or a buyer primarily interested in the land value in an established neighbourhood. Its above-average living space for the immediate area offers a solid canvas. The low property taxes, a direct result of the low assessment, could provide some budgetary relief for the substantial work required.
Frequently Asked Questions
1. Why is the assessed value so low?
The assessed value is typically based on a property's condition, features, and recent sales. A value this far below area averages strongly indicates the municipality views the property as requiring major improvements or redevelopment.
2. What does "unrenovated basement" imply?
This usually means the basement is in its original or rough state. Buyers should anticipate foundational inspections and budget for potential updates to plumbing, electrical, moisture control, and finishing to make it a functional living space.
3. Who would this property be a good fit for?
It is best suited for hands-on buyers, such as contractors, skilled DIY renovators, or patient investors with renovation capital. It is likely less suitable for first-time buyers needing immediate livability or those unable to manage a large-scale project.
4. Are there advantages to a home built in 1883?
Yes, but they come with conditions. You may find charming original character details like thick plaster walls, unique woodwork, or high ceilings. However, this also necessitates thorough inspections for outdated wiring, plumbing, insulation, and structural settlement common to homes of this era.
5. How should I interpret the lot size and living area rankings?
The lot is average for the street but smaller than most in the wider city, indicating a typical urban plot. The living area, however, is larger than many neighbouring homes, suggesting a house that makes good use of its footprint or may have been expanded historically, offering more interior space than you might expect from the street.
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