832 Winnipeg Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a compact 852 sqft home with strong land value and an older build that has held up well in assessed value. The property sits on a 3,995 sqft lot—above average for both its street and neighborhood, but well below the citywide norm. Built in 1956, it's one of the older homes on Winnipeg Avenue (top 8% by age), which gives it a character and established feel that many newer infills lack.

The assessed value of $233,000 punches well above the local averages on the street and in West Alexander, where typical assessments sit around $198k and $187k respectively. This suggests the property has retained or gained value relative to its immediate surroundings. However, the living area is noticeably compact—ranking near the bottom among comparable homes on the street and in the neighborhood.

The appeal here is less about interior space and more about what you get for your dollar in a city where the average home is $390k. The lot size is a clear asset, especially for buyers who value outdoor space or see potential for future expansion. It suits someone who prioritizes location and land over square footage—perhaps a first-time buyer looking for an entry point in a city where affordability is tight, or someone willing to invest in a renovation to increase living area. It could also work well for an investor targeting the older-home market in a stable neighborhood.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
It's above average for both the street and neighborhood—ranked in the top 21% and 23% respectively. That said, the citywide assessed value is nearly double, so this property sits well below the Winnipeg median.

2. Is the lot size considered large for the area?
Yes. At nearly 4,000 sqft, it's above the street and neighborhood averages. But citywide, lots tend to be much larger—over 6,500 sqft on average—so depending on your frame of reference, it's either generous or modest.

3. Why is the living area ranked low but the assessed value high?
Smaller homes on larger lots can still command good value, especially if the location is desirable or the property is well-maintained. The lot itself contributes significantly to assessed value, and age can also play a role—older homes sometimes have higher per-square-foot value due to construction quality or neighborhood prestige.

4. What does “year built ranking” tell me about the home’s condition?
Just that it's older than most nearby homes (built 1956 vs. an average of 1934 on the street). It doesn't speak directly to condition, but older homes often require more upkeep. A home inspection would be essential to understand the actual state of the structure, systems, and foundation.

5. Is this home a good candidate for renovation or expansion?
The lot size is above average for the neighborhood, which could support an addition, but you'd need to check zoning setbacks and permits. The compact living area (852 sqft) leaves room to grow, but the 1956 build date may mean more complex renovation work—older wiring, plumbing, or insulation. A contractor’s walkthrough is advisable before making plans.