Property score
53.1
Fair
Overall 53.1 · Larger but older than most nearby homes
1,892 sqft (top 12%) · Built in 1903 (18 yrs older than avg)
Located in a below-average income area with median household income of ~42k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 3 schools, 3 healthcare facilitys, and 7 shops nearby
Living Area
Above average
46% larger than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 37%Tagalog · 24%
Past 10 years West Alexander sales snapshot (~80% of all data)
251
218.9k
$153/sqft
1921
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53.1 is composed by the two sections below.
Property Score
Community Score
West Alexander
How to read: Share of sales in each ~$50k price band for “west alexander” (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: #46110073
$42K
Median household income
$61K
Average household income
38%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.9
P90 / P10 ratio
42%
Single-person households
15%
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
472 Bannatyne Avenue — 31 amenities found within 500 m, across 7 categories, including 11 dining (nearest 73 m), 3 education (nearest 204 m), 3 healthcare (nearest 163 m).
West Alexander · WPS public data · 2026
Annual incidents
132
2026
vs. city avg
+347%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 27% | Bottom 37% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 1903-built home with 1,892 square feet of living space on a 3,044-square-foot lot. Its standout feature is interior space: it ranks in the top 10% on its street, top 12% in the West Alexander neighbourhood, and top 14% city-wide for living area. The assessed value sits at $191,000—roughly average for the immediate street and neighbourhood, but well below the citywide median of $390,100. The land area is modest, ranking in the bottom third on the street and bottom 13% city-wide.
The appeal here is straightforward: you get a generous house for a modest price. The value is in the building, not the land—which suits buyers who care less about yard size and more about indoor square footage or renovation potential. The home’s age (older than 90% of properties on its street, and older than 99% city-wide) means it likely has original character, but also suggests systems may need updating. This property would suit a buyer comfortable with an older home in an established neighbourhood, possibly someone looking to add sweat equity or who values historic architecture over a turnkey finish. It is less suited to anyone needing a large lot, a newer build, or a property with easy resale in the ultra-competitive city-wide market.
1. Why is the assessed value so low compared to the city average while the living area is so large?
The assessed value ($191,000) is driven primarily by the neighbourhood (West Alexander) and the property’s age. City-wide averages include many newer, larger-lot homes in higher-demand areas. The low land value—3,044 sqft versus the city median of 6,570 sqft—also holds the assessment down. You’re essentially paying for the house, not the dirt.
2. What does “Top 99% for year built” actually mean in practical terms?
It means the home is among the oldest 1% of properties in the entire city. Built in 1903, it predates most modern electrical, plumbing, and insulation standards. Expect knob-and-tube wiring, cast iron pipes, or lead supply lines until proven otherwise. A thorough home inspection is essential, and renovation costs can be higher than in a mid-century home.
3. Is the land area a dealbreaker for someone who wants a garden or outdoor space?
It depends on expectations. At 3,044 sqft, the lot is small by city standards but comparable to many properties on the street. You will have room for a small patio, a garden bed, or a single-vehicle parking pad, but not a large lawn or detached garage with extra storage. If outdoor living space is a priority, this property will feel tight.
4. How does the neighbourhood (West Alexander) compare to nearby areas in terms of value stability?
West Alexander sits below the city median for assessed values, and the home’s ranking (top 45% in the neighbourhood) suggests it is a middle-of-the-pack property in an area that hasn’t seen the same appreciation as more central or suburban pockets. That can be an advantage if you’re buying for affordability, but it also means resale is more dependent on local demand than broader city trends.
5. Would this property make sense as a rental or an investment?
Possibly, if you can acquire it below or at assessed value. The low city-wide ranking for assessed value (top 93%) suggests it is priced for affordability, which can support cash flow if rents in the area are reasonable. However, the old age and smaller lot mean maintenance costs will be higher than for a newer home, and the property is unlikely to appreciate significantly unless the block changes character. It leans more toward a long-term hold than a flip.
