122 Juno Street – Property Summary

Key Characteristics & Buyer Profile

This 2,110 sq. ft. home in West Alexander offers substantially more living space than most homes on its own street, in the neighbourhood, and across Winnipeg. It ranks in the top 6% for living area within West Alexander and the top 8% citywide. The lot is 3,603 sq. ft., roughly in line with the neighbourhood average but smaller than typical citywide lots. Built in 1902, the home is older than most in the area and the city. Its assessed value of $157,000 is notably lower than the street, neighbourhood, and city averages.

The appeal here is straightforward: you get a large interior for a relatively low assessed value. This often translates to more square footage per dollar than newer or more centrally located homes. The trade-offs are an older structure and a lot size that is modest by city standards. This property would suit buyers who prioritize interior space and are comfortable with an older home—likely someone looking for room to spread out without paying a premium for a trendy location or a modern build. It may also appeal to buyers who see potential in a property where the assessed value lags behind comparable living areas, possibly indicating room for value growth through updates or renovation. It is less suited to someone seeking a move-in-ready home with a large yard or a newer build in a high-appreciation area.

Frequently Asked Questions

1. The house was built in 1902. What should I expect in terms of maintenance and systems?
Older homes of this era often have solid framing but may need updated electrical, plumbing, insulation, and roofing. It is common for foundations to be original, so a thorough home inspection is strongly recommended. Expect that some systems may use materials or layouts that are no longer standard.

2. How does the assessed value of $157k compare to what I might actually pay?
Assessed value is a municipal figure used for property taxes, not a market price. In many Winnipeg neighbourhoods, sale prices can exceed assessed value, especially for homes with larger living areas or recent updates. You should review recent comparable sales in West Alexander, not just the assessment, to gauge market value.

3. The lot is 3,603 sq. ft. Is that considered small for the area?
It is about average for West Alexander (ranked in the 37th percentile locally), so it is not unusually small for the neighbourhood. However, citywide, a lot of this size is on the smaller side (top 79%). If you are comparing to newer suburban subdivisions, expect a more compact yard.

4. What is West Alexander like as a neighbourhood?
West Alexander is an established, older neighbourhood in Winnipeg. It tends to have a mix of century homes, more modest post-war houses, and some multi-family properties. It is not typically a high-cost area, which aligns with the lower assessed values. The neighbourhood offers proximity to downtown and the Health Sciences Centre, and it has a diverse, residential character.

5. The property ranks high for living area but low for assessed value. Is that a red flag?
Not necessarily, but it is worth investigating. It often means the home is large but may lack recent renovations, have an older layout, or be in a lower-price area. For a buyer, this can mean less competition and potentially more negotiating room. For an investor or handy homeowner, it could represent an opportunity to add value through updates.