797 Pacific Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,200-square-foot home built in 1961, sitting on a notably large 5,180-square-foot lot. While the living area and year built are reasonably solid—above average for the street and top-tier in the neighborhood—the standout feature is the land. The lot ranks in the top 5% on Pacific Avenue and top 11% in West Alexander, which is unusual for a home of this size and age. The assessed value ($251,000) reflects this mix: strong relative to the immediate street and neighborhood, but below the citywide average, suggesting the value is tied more to the land than the structure itself.

The property’s appeal lies in its land-to-house ratio. For buyers who prioritize outdoor space, potential for expansion, or a yard that stands out in a denser part of the city, this offers something most nearby homes can’t match. It would suit someone looking for a solid mid-century house with room to garden, add a garage, or possibly redevelop down the line—without paying a premium for a fully renovated interior. It’s less suited for someone seeking a move-in-ready, modern home in a top-tier citywide location.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
   The home is valued above average on the street and in the neighborhood—ranking in the top 14% and 15%, respectively. But citywide, it falls in the bottom 17%, which reflects both the neighborhood’s lower price point and the fact that the structure itself is older and not oversized.

2. Is the living area considered small for the area?
   It’s slightly above the street average (986 sqft) but below the neighborhood (1,299 sqft) and city averages (1,342 sqft). So it’s on the smaller side for the broader West Alexander area, but not unusually so.

3. What does the land size allow for?
   At 5,180 sqft, the lot is nearly double the street average and well above the neighborhood average. In Winnipeg, a lot this size in a central area often allows for a detached garage, a large garden, or even a secondary suite—depending on zoning. It’s worth checking local bylaws if you’re considering an addition.

4. Why is the rank for year built so much higher in the neighborhood (top 8%) than on the street (top 20%)?
   The street has a mix of newer infills and older homes, so a 1961 build is still relatively recent compared to the street’s average of 1936. But within the broader West Alexander neighborhood, the average year built drops to 1921, making this home one of the newer ones in the area.

5. Is this a good investment for future resale?
   The land is the strongest asset—it’s rare to find a lot this size in a top-15% neighborhood for assessed value. If you improve the house, the upside could be significant. But as-is, the home won’t appeal to buyers looking for a turnkey property in a high-demand citywide location, so resale may depend on finding someone who values the land potential.