66 Kate Street – Property Summary

Key Characteristics & Buyer Profile

This is a property that stands out for what it isn’t. At 960 square feet of living area, it’s significantly smaller than most homes on its street, in its neighbourhood, and across Winnipeg. Yet despite the modest footprint, its assessed value ($227,000) ranks near the top on Kate Street (2nd out of 15) and well above the neighbourhood average. The reason becomes clear when you look at the year built: 2011. That makes it one of the newest homes in West Alexander—among the top 2% in the neighbourhood, where the average home was built in 1921.

What you’re getting here is newer construction in an older, established area. The land itself is 3,742 square feet, which is below average for the street but roughly in line with the neighbourhood and smaller than typical citywide lots. So the appeal isn’t space—it’s efficiency and condition. A buyer who values low maintenance, modern systems, and a home that doesn’t need major renovations will find this compelling. It would also suit someone who wants to live in West Alexander without taking on a century-old house, or an investor looking for a property with strong relative value within the immediate street context.

The trade-off is clear: you trade square footage and lot size for recency and lower upkeep. This isn’t a fixer-upper or a house you’ll grow into with a large family. It’s a compact, well-built home for someone who prioritizes move-in readiness over elbow room.

Frequently Asked Questions

1. How does this property compare to others on the same street?
On Kate Street, this home is one of the smallest by living area (ranked 14th out of 15) and has a below-average lot size. But it has the second-highest assessed value and is the second-newest home on the street. So while it doesn’t offer the most space, it holds its value well relative to older, larger neighbours.

2. Why is the assessed value high despite the small living area?
Assessed value reflects more than just square footage. In this case, the 2011 construction date is a major factor. Newer homes typically have modern electrical, plumbing, insulation, and roofing—items that are costly to replace in older homes. The condition and age likely drive the value higher than size alone would suggest.

3. Is this a good investment for rental or resale?
That depends on the buyer’s goals. Within West Alexander, the home’s assessed value is above average, but citywide it’s below average. For a rental, the newer build could mean lower maintenance costs over time. For resale, the small living area may limit the buyer pool, but the strong street-level ranking suggests it’s already priced competitively within its immediate area.

4. What does “Top 2% in the neighbourhood” for year built actually mean?
West Alexander is an older neighbourhood where most homes were built in the 1920s. A home built in 2011 is extremely rare there—only 16 out of 772 comparable homes are newer. Practically, this means you’re unlikely to find another house of similar age nearby without looking outside the area entirely.

5. How does the lot size affect usability?
At 3,742 square feet, the lot is smaller than the street average but consistent with the neighbourhood. It’s not a large yard by Winnipeg standards, but it’s adequate for a modest garden, patio, or small outdoor space. If you need a double garage, workshop, or room for expansions, this lot would feel tight. For someone who prefers less yard work, it’s a reasonable size.