257 Chambers Street – Property Overview

Key Characteristics & Buyer Profile

This is a 1,080 sqft single-family home built in 1968, sitting on a 4,075 sqft lot in the West Alexander area of Winnipeg. The property’s main strengths are its lot size and its position within the local community. On Chambers Street, it has the largest lot among the five homes, and within the broader West Alexander neighbourhood, the lot is also above average. The living space is reasonably close to the average for the street and community, though slightly below the city average of 1,342 sqft.

What stands out here is value relative to assessed tax value. The home’s assessed value is $229,000—below the street average and well below the city average of $390,000. But within West Alexander, it ranks in the top 25% of assessments, meaning it’s considered higher-value compared to nearby homes. This suggests a property that may offer more land and house for the money relative to its immediate surroundings, even if it doesn’t stand out across the whole city.

The build year (1968) puts it newer than most homes in the neighbourhood—the average in West Alexander is 1921—so it’s relatively modern by local standards, though slightly older than others on its street.

This property would suit buyers looking for a spacious lot in a community where older, smaller homes are more common. It’s a good fit for someone who values yard space and a home that’s not too old but doesn’t need to be brand new. It may also appeal to buyers who want to be in a well-established area without paying a premium for a newer build, or who are willing to invest in updates to a solid, mid-century structure in a neighbourhood with character.

Frequently Asked Questions

1. How does the lot size compare to other homes in the area?
It’s the largest lot on Chambers Street and well above average for West Alexander—4,075 sqft vs. the community average of 3,591 sqft. Across Winnipeg, it’s below average, but that’s mostly because citywide numbers include much larger suburban and rural properties.

2. Is the assessed value of $229,000 reasonable for this home?
It appears to be priced competitively. The assessed value is above the community average ($187,000) but below the street average ($233,000) and far below the citywide average ($390,000). That means you’re getting a home that’s valued higher than most in West Alexander, without paying typical city-level prices.

3. How old is the house, and does that matter?
Built in 1968, it’s newer than most homes in West Alexander (average 1921) but older than others on Chambers Street (average 1979). This could be an advantage if you want a home with more modern construction than the neighbourhood’s historic stock, but you may still want to budget for updates depending on what’s been done since.

4. What’s the living space like compared to similar homes?
At 1,080 sqft, it’s a bit above the street average (1,011 sqft) but below the community average (1,299 sqft) and city average (1,342 sqft). It’s a comfortable size for a starter home or downsizing, but not spacious by citywide standards.

5. What kind of buyer typically goes for this property?
Someone who wants a decent-sized lot in a well-established neighbourhood without paying a premium for a newer or larger house. It could suit first-time buyers, small families, or investors looking for a solid property in a community with older, often pricier homes nearby. The combination of newer construction relative to the area and above-average land makes it a bit of a hidden-value pick.