726 Pacific Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 768 sqft home on a notably large 4,487 sqft lot in Winnipeg’s West Alexander neighbourhood. The property was built in 1953, which is older than most homes on the street and in the area, but roughly typical for the city overall. Its assessed value is $200,000—close to the street and neighbourhood averages, but well below the citywide median of $390,100.

The main draw here is the land. The lot ranks in the top 7% on Pacific Avenue and top 21% in the neighbourhood, offering far more outdoor space than most comparable properties nearby. The living area, however, is below average across all comparisons—smaller than typical homes on the same street, in the same area, and citywide.

This property would likely suit a buyer who values yard space and is willing to work with a smaller interior footprint. It could appeal to someone looking to redevelop or add square footage, or to a homeowner who prioritises outdoor living, gardening, or storage over interior square metres. It may be less suitable for buyers seeking a move-in-ready larger home or those comparing strictly on price per square foot, given the assessed value is average despite the small living area.

Frequently Asked Questions

1. How does the property’s lot size compare to others in the area?
   The land area is 4,487 sqft, ranking 23rd out of 323 homes on Pacific Avenue (top 7%) and 162nd out of 772 in West Alexander (top 21%). It’s significantly larger than both the street and neighbourhood averages.

2. Is the assessed value in line with what similar homes sell for?
   The assessed value of $200,000 is slightly above the street average ($186,200) and neighbourhood average ($187,300), but well below the citywide average for comparable homes ($390,100). This suggests the property is priced modestly relative to the city as a whole, though its small living area likely keeps the value lower than larger nearby homes.

3. Why is the living area listed as below average when the lot is so large?
   The living area (768 sqft) is smaller than typical homes on this street and in the neighbourhood. The lot size and house size are independent metrics—some older or smaller homes sit on generous lots, which is the case here. Buyers may want to confirm whether the house is original or has been altered.

4. What does the year built ranking tell me about the property’s condition?
   Built in 1953, the home is newer than most on the street (top 28%) and in the neighbourhood (top 12%), but slightly older than the citywide median. This doesn’t directly indicate condition, but a 1950s build often means solid construction with potential for older systems (plumbing, electrical, insulation). A home inspection is recommended to assess actual upkeep.

5. How are the rankings calculated, and what do the bar colors mean?
   Rankings compare this property to similar homes within three scopes: street, neighbourhood, and citywide. “Top X%” means it outperforms that percentage of comparable properties for that metric. The bar fill length shows roughly how many peers the property beats, and the color (red, blue, amber, gray) indicates whether the metric is above or below average relative to the comparison group. Larger land area, newer year, larger living area, and higher assessed value all earn better rankings.