Property score
50.0
Fair
Overall 50.0 · Larger than most nearby homes
1,564 sqft (top 27%) · Built in 1907 (14 yrs older than avg)
Located in a below-average income area with median household income of ~44k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 12 dining spots, 3 schools, 5 healthcare facilitys, and 7 shops nearby
Living Area
Above average
20% larger than neighborhood avg.
Year Built
Near average
14 yrs older than neighborhood avg.
Mother tongue
English · 44%Tagalog · 17%
Past 10 years West Alexander sales snapshot (~80% of all data)
251
218.9k
$153/sqft
1921
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50.0 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: #46110075
$44K
Median household income
$67K
Average household income
43%
Low income (LIM-AT)
0.3
Income inequality (Gini)
5.0
P90 / P10 ratio
31%
Single-person households
21%
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
502 Bannatyne Avenue — 37 amenities found within 500 m, across 7 categories, including 12 dining (nearest 72 m), 3 education (nearest 249 m), 5 healthcare (nearest 161 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 2% | Bottom 10% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
This 1907 home in West Alexander offers 1,564 square feet of living space, which ranks in the top 20% on its street and top 27% citywide—genuinely generous for the area. The assessed value is $139,000, well below both the street average of $210,600 and the citywide average of $390,100. That low assessment, combined with an older construction year (1907) and a land area of 2,871 square feet (smaller than typical for the neighbourhood), points to a property that likely needs work or updates but comes with a relatively low entry price.
The appeal here is straightforward: you get above-average interior space for below-average cost. This suits buyers who are comfortable with an older home and either have renovation skills or a realistic budget for updates. It’s less suited to someone looking for a turnkey property or a large lot. The home sits in a denser, older part of the city where smaller lots are common, so the land size is consistent with the area’s character. For an investor or first-time buyer willing to put in sweat equity, the gap between the assessed value and the citywide average suggests potential upside if the interior and systems are brought up to date.
1. Why is the assessed value so low compared to the city average?
The home is older (1907) and sits on a smaller-than-average lot. Assessment values in Winnipeg are based on recent sales data, physical condition, and comparable properties. At $139,000, the assessment likely reflects both the age and any deferred maintenance, as well as the fact that West Alexander has lower average values than many newer suburbs.
2. Is a 1907 home likely to have major structural or systems issues?
Not necessarily, but it’s worth investigating. Homes from that era often have solid framing and good materials, but plumbing, electrical, insulation, and foundation work may be dated. A thorough home inspection is essential. The upside is that many older homes in this neighbourhood have been updated over time, so the actual condition can vary widely from the assessment alone.
3. How does the living area compare to other homes in the area?
It’s well above average. On Bannatyne Avenue, the typical home has about 1,150 square feet; this one offers 1,564. That extra space is a real advantage, especially if you’re looking for room to grow without moving to a different street or neighbourhood.
4. Does a low land area make this a bad investment?
Not necessarily, but it depends on your goals. Smaller lots keep the purchase price lower and require less upkeep. If you’re not interested in a large yard or future subdivision, this could be perfectly fine. However, if you’re hoping for significant land appreciation or the option to expand the footprint, the 2,871-square-foot lot is more limited than what you’d find in newer or more suburban areas.
5. What kind of buyer would get the most value from this property?
Someone who values interior square footage over lot size and isn’t afraid of an older home. First-time buyers looking for a project, investors targeting rental income in a central neighbourhood, or anyone who prefers the character and walkability of older urban areas would likely find this property worth a close look. It’s a practical entry point, not a prestige purchase.
