Property Overview: 681 Pacific Avenue, Winnipeg

Key Characteristics and Buyer Profile

This is a late-19th-century home (built 1895) in Winnipeg’s West Alexander neighbourhood, offering 1,229 square feet of living space on a 2,588-square-foot lot. Its assessed value sits at $149,000. The home’s strongest feature is its living area, which is notably spacious for its street—ranking in the top 17% on Pacific Avenue, where the average is just 986 square feet. Compared to the broader neighbourhood and city, the living space is around average.

The appeal lies in the trade-off between age and space. You get a larger-than-expected floor plan on a street of smaller homes, but the property is older than most in the area (top 93% oldest on the street). The assessed value is significantly lower than the citywide average ($390k), which reflects the older construction and below-average lot size (2,588 sqft vs. the neighbourhood average of 3,591 sqft). The lot is relatively compact by city standards, ranking in the bottom 6% citywide.

This property would suit a buyer who prioritizes interior square footage over a large yard or a modern building. It’s a practical fit for someone comfortable with an older home’s maintenance realities—perhaps a first-time buyer looking for more space per dollar, or an investor targeting lower entry costs in a neighbourhood where values are modest. It’s less suited to anyone seeking a turnkey property, a large lot, or a home that ranks well on modern finishes and land area.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
At $149,000, the assessed value is around average for Pacific Avenue, where the typical home is valued at $186k. It’s also close to the neighbourhood average of $187k. However, compared to the Winnipeg citywide average of $390k, this property is well below that benchmark, reflecting its older age, smaller lot, and the local market conditions in West Alexander.

2. Is this a good option for someone who wants a large yard?
Probably not. The land area is 2,588 square feet, which is below average for the neighbourhood (3,591 sqft) and well below the citywide average (6,570 sqft). It ranks in the top 58% on the street, so it’s not the smallest lot on Pacific Avenue, but it’s still compact. If outdoor space is a priority, look for properties with larger lots or check the neighbourhood map for nearby options.

3. How does the age of the home affect its livability?
Built in 1895, this is one of the oldest homes on the street and in the city (top 100% oldest citywide). Older homes often have solid construction but may require updates to electrical, plumbing, insulation, and roofing. It could be a rewarding project for someone who appreciates character and is prepared for ongoing maintenance. It’s worth a thorough inspection before purchasing.

4. Are the ranking statistics reliable for comparing to other homes?
The rankings are based on comparable homes within each scope (street, neighbourhood, city). They give a useful snapshot, but “comparable” can be broad—homes may differ in style, condition, or recent renovations. Use them as a starting point, not a final verdict. The neighbourhood analysis page offers a more detailed map-based comparison with nearby houses.

5. What type of inspection or due diligence is recommended for a home this old?
Given the year built (1895), a structural inspection is essential—check the foundation, roof, and load-bearing walls. Look for knob-and-tube wiring, lead paint, and outdated plumbing. Also assess the lot drainage and the condition of windows and insulation. A specialist in historic homes can provide more targeted advice than a general home inspector.