1929 Alexander Avenue

Property Overview: 1929 Alexander Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 1929 Alexander Avenue in Brooklands presents a compelling mix of modern convenience and practical value. Its key characteristic is its relative newness, built in 2014, which stands out sharply on a street and in a neighbourhood where the average home is decades older. This suggests updated building systems, modern insulation, and less immediate need for major repairs. The home features a renovated basement, adding valuable finished living space to the 953 sqft main floor plan.

The appeal lies in its efficient scale and strong value positioning. While the lot and living area are modest compared to broader city averages, they are competitive within the immediate area. The property’s assessed value ranks well above average for both the street and Brooklands, indicating it is viewed as a higher-quality asset in its local context. It last sold in 2021 for $320k, a price that was above average for the neighbourhood at the time.

This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home without a premium for a large yard. It’s also a practical choice for value-focused investors or buyers who prioritize newer construction and renovated spaces over square footage, offering a move-in-ready solution in a community of older housing stock.

Section 2: Frequently Asked Questions

Q: How does the lot size impact this property?
A: The land area is below the city-wide average but is typical for the Brooklands area. This means lower exterior maintenance, which can be a benefit, but offers less room for expansion or large outdoor amenities compared to homes in newer suburbs.

Q: What does the above-average assessed value mean?
A: While the assessed value is not a market price, its high rank on the street and in the neighbourhood suggests municipal assessment views the property’s condition, building, and improvements more favorably than many surrounding homes, often reflecting its newer construction and renovations.

Q: Is the living space sufficient for a family?
A: With 953 sqft on the main level plus a renovated basement, the total liveable space is functional. It would comfortably suit a small family, a couple, or an individual. Buyers needing multiple large bedrooms or extensive open-concept areas may find it compact.

Q: Why is the year built such a standout feature?
A: Built in 2014, this home is significantly newer than most in the area (where average build years are 1937 on the street and 1964 in Brooklands). This typically translates to better energy efficiency, modern wiring and plumbing, and contemporary building materials, reducing the likelihood of near-term costly updates.

Q: What is the context of the 2021 sale price?
A: The $320k sale price in July 2021 was above average for both the immediate street and the broader Brooklands neighbourhood at that time, indicating the property has historically commanded a value premium, likely due to its newness and condition.