120 Juno Street – Property Summary

Key Characteristics & Buyer Profile

This is a property defined by its land, not its house. The lot measures 8,805 square feet, ranking it first on its street, third out of 772 properties in the West Alexander neighbourhood (top 1%), and in the top 9% citywide. That kind of space is rare for the area. The home itself is moderate—1,988 square feet of living area, which is slightly above the neighbourhood average but fairly typical for the street. The assessed value sits at $266,000, above the local average but well below the citywide median for comparable homes, which makes sense given the trade-off between land value and an older structure.

The house was built in 1882, ranking in the oldest cohort both locally and citywide. That’s not a drawback for everyone, but it does mean potential buyers should expect maintenance, layout quirks, and likely limited modern insulation or systems. You’re not paying for a turnkey interior here—you’re paying for the address, the yard, and the possibility of redevelopment or major renovation.

This property would suit a buyer who values outdoor space, privacy, or long-term land appreciation over a polished interior. It’s also a strong fit for someone comfortable with older homes—perhaps someone with renovation experience, or a buyer looking to build new on a well-located lot. Families wanting a large yard close to the city core, or investors eyeing subdivision potential (where zoning allows), would find this compelling. It is not well-suited for anyone wanting a move-in ready, low-maintenance home.

Frequently Asked Questions

1. Is the home structurally sound given it was built in 1882?
The listing data does not include inspection details, so a professional home inspection is strongly recommended. Older homes of this era often have solid foundations but may need updates to wiring, plumbing, roofing, and insulation. The high land ranking suggests the property’s primary value is in the lot, not the structure.

2. Why is the assessed value below the city average when the land is so large?
Assessed value reflects a combination of land and building worth. While the lot is exceptional, the home’s age and likely condition bring the total assessment down. Citywide, newer and larger homes inflate the average. In this case, you’re paying a premium for land, not square footage or modern finishes.

3. Could I subdivide or redevelop this property?
That depends on current zoning for the West Alexander neighbourhood. The lot size is well above the local average, which may support subdivision, but you’ll need to check with the city of Winnipeg planning department. Properties with this kind of land ranking often attract buyers looking at infill development or multi-unit potential.

4. How does the living area compare to other homes in West Alexander?
At 1,988 square feet, this home is about 50% larger than the neighbourhood average of 1,299 square feet. It’s not the biggest on the street, but it’s well above what’s typical locally. That extra indoor space is unusual for a home from this era.

5. What is the surrounding neighbourhood like?
West Alexander is an older, established area near Winnipeg’s core. The property’s street-level ranking shows it sits among mixed-era homes, with some newer construction nearby. The neighbourhood tends to attract buyers who want proximity to downtown, the Exchange District, or the river, combined with larger lots than what’s typical in more central areas. Amenities, school catchments, and traffic patterns should be verified directly, as the data here focuses on physical property stats.