Property score
53.9
Fair
Overall 53.9 · Compared with neighbourhood average
1,232 sqft (top 48%) · Built in 1905 (16 yrs older than avg)
Located in a average-income area with median household income of ~60.4k
Transit 92.0 · 4-min walk to transit with 6 nearby routes · Within 500m: 10 dining spots, 5 schools, 2 healthcare facilitys, and 5 parks nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Near average
16 yrs older than neighborhood avg.
Mother tongue
English · 48%Tagalog · 16%
Past 10 years West Alexander sales snapshot (~80% of all data)
251
218.9k
$153/sqft
1921
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53.9 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: #46110136
$60K
Median household income
$62K
Average household income
23%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
31%
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
705 Elgin Avenue — 24 amenities found within 500 m, across 6 categories, including 10 dining (nearest 191 m), 5 education (nearest 241 m), 2 healthcare (nearest 375 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 | Top 30% | Top 37% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Here is a clean, standalone summary of the property at 705 Elgin Avenue.
Key Characteristics & Appeal
This is a 1,232 sqft home built in 1905, situated on a 3,120 sqft lot in the West Alexander neighborhood of Winnipeg. Its primary appeal lies in its relative affordability compared to citywide averages. The assessed value of $160k is well below the citywide average of $390k, placing it in the bottom 4% of comparable homes across Winnipeg. While the living area and land size are modest by city standards, they sit close to or slightly above the average for homes on the same street and within the neighborhood.
The property offers a clear trade-off: you get a home with functional space in a character-rich area, without the price tag of newer or larger properties elsewhere. The older build date (1905) is a key consideration, suggesting a need for ongoing maintenance and possibly updates, but it also points to the kind of established construction and neighborhood character that some buyers find desirable. It is a realistic, no-frills option for those prioritizing budget and location over move-in-ready perfection or expansive square footage.
Ideal Buyer
This property is best suited for a buyer who is price-conscious and sees value in an older home within an established urban neighborhood. It would work well for a first-time buyer looking to enter the market without stretching their finances, or for an investor seeking a lower-cost entry point in a central area of Winnipeg. It is also a good candidate for someone with some renovation skills or a tolerance for older-home quirks, as the low assessed value leaves room for sweat equity and improvement over time.
1. How does the assessed value compare to other homes nearby?
On your street, it is lower than average, ranking in the top 58% (meaning 42% are valued higher). Within the West Alexander neighborhood, it is in the top 62%. The major difference is citywide, where it is in the bottom 4% of all comparable homes. In short, it is priced affordably for its street and area, and very affordably for the city as a whole.
2. Is the living space considered small for the area?
Not really. At 1,232 sqft, it is slightly above the neighborhood average of 1,299 sqft and well above the street average of 1,113 sqft. It ranks in the top 31% on Elgin Avenue and top 47% citywide. It is a solid, average-to- slightly-above-average size for a home of this type in this part of Winnipeg.
3. What should I know about a house built in 1905?
A home this age likely has strong bones—old-growth lumber and solid masonry—but expect older systems (plumbing, electrical, heating) that may need upgrading. Also look for potential issues with insulation, foundation settling, and window efficiency. The upside is that many historical homes in this range have manageable floor plans that are straightforward to modernize without being overwhelming.
4. How does the lot size compare?
The land area of 3,120 sqft is smaller than average for both the street (3,608 sqft) and the neighborhood (3,591 sqft). Citywide, it is quite small (top 86% of homes have larger lots). If you are looking for a big yard or space for expansion, this property will feel tight. It is better suited for someone who wants a manageable outdoor area with less upkeep.
5. Is this a good investment for resale potential?
The low entry price in a stable, older neighborhood like West Alexander can offer good potential for upside, especially if you can improve the property over time. The home is already priced well below neighborhood averages, which provides a margin for appreciation. However, given its smaller lot and older construction, significant jumps in value will likely come from smart renovations rather than pure land value growth.
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