871 Winnipeg Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,320 sqft home built in 1907, sitting on a 3,301 sqft lot in West Alexander. The assessed value is $206,000.

The property stands out most at the street level: it’s in the top 24% for living area on Winnipeg Avenue, meaning it’s noticeably roomier than its immediate neighbours (where the average is 1,121 sqft). The lot size and assessed value are both around average for the street and neighbourhood—nothing extreme, but solidly middle-of-the-pack. Citywide, however, the home looks different: the assessed value ($206k) is far below the city average ($390k), and the lot is roughly half the size of the typical Winnipeg property. The year built (1907) is also older than most homes on the street and in the city.

The appeal here is mainly relative value within the neighbourhood. You’re getting above-average interior space on a block of smaller homes, at a price that’s competitive locally. The below-average citywide stats aren’t necessarily a weakness—they just reflect that this is an older, denser, more affordable pocket of the city.

This property would suit:

• Buyers who want more square footage than what’s typical on the street, without paying a premium for a larger lot.
• Someone comfortable with an older home (1907) who appreciates character or is open to renovation.
• Buyers focused on neighbourhood-level affordability rather than citywide comparisons—particularly first-time buyers or investors looking for a property with below-city-average valuation in an established area.

A less obvious perspective: the land-to-living-area ratio is relatively tight. With 3,301 sqft of land and 1,320 sqft of living space, there’s limited room for expansion—so if future extension is a priority, this lot may feel constrained compared to others in the neighbourhood.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On Winnipeg Avenue, the assessed value of $206k is around average (top 39%), and it’s slightly above the neighbourhood median of $187k. Citywide, it’s well below the average of $390k, which places it in the bottom 10% of comparable homes across Winnipeg.

2. Is the living space larger or smaller than typical for the area?
Yes, it’s above average for the street. On Winnipeg Avenue, homes average 1,121 sqft—so this unit offers roughly 200 extra square feet. Within the broader West Alexander neighbourhood (average 1,299 sqft), it’s around average.

3. How old is the property, and is that unusual?
Built in 1907, it’s older than 93% of homes on Winnipeg Avenue and older than 96% of homes citywide. However, within West Alexander, the neighbourhood average year built is 1921, so older homes are more common here than in the city as a whole.

4. What’s the lot size like, and does it allow for additions?
The lot is 3,301 sqft—about average for the street and neighbourhood, but well below the citywide average of 6,570 sqft. Given the home already covers a significant portion of the land, any major addition or subdivision would be limited. This is more of a “finished site” than a development opportunity.

5. How should someone interpret the rankings and color-coded bars shown in the data?
The rankings compare this property to similar homes within three scopes: the same street, the neighbourhood, and the city. A higher rank (smaller percentage) is better—for example, top 24% for living area means you’re outperforming 76% of comparable homes on the street. The bar fill length shows how many peers you beat, and the colour separates performance tiers (top, middle, lower). “Avg” refers to a rough median benchmark for each group.