Property Overview: 1950 Alexander Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Brooklands presents a compelling mix of modern convenience and value. Its standout feature is its 2018 construction, making it significantly newer than almost all homes on its street and in the wider neighbourhood. This translates to modern building standards, energy efficiency, and minimal immediate maintenance concerns.
The home offers a renovated basement and a living area that is spacious for the local area, providing ample room for a small family or couple. While the lot size is typical for Alexander Avenue, it is modest compared to broader city averages. The property’s strong assessed value relative to its immediate peers indicates it is a premium home within its specific context.
Its appeal lies in being a turn-key, modern property in an established neighbourhood. It suits first-time buyers or downsizers seeking a newer build without a suburban price tag, and value-conscious buyers who prioritize a home’s condition and interior space over a large yard. A thoughtful perspective is that this home offers a “best-in-class” option for its specific street—it’s not competing with brand-new suburban estates, but it stands out sharply against the older housing stock that characterizes much of Brooklands.
Section 2: Frequently Asked Questions
1. How does the 2018 build date impact ownership costs?
A newer home like this typically means lower immediate repair costs and better energy efficiency. However, it may have a higher assessed value for property taxes compared to older neighbours, which is reflected in its "Elite" ranking on this metric for the street.
2. The lot size is noted as "below average" for the city. Is that a concern?
For many buyers, no. The lot is in line with the local street and neighbourhood. This reflects the more compact, established nature of Brooklands. It’s ideal for those who prefer less yard maintenance.
3. Why is the assessed value so high compared to the sale history?
The property sold for $370k in 2022 and $32.6k in 2019. The 2019 sale likely reflects a lot/value transaction prior to the home being built. The current assessed value aligns with the 2022 sale price and confirms its premium standing in the local market.
4. Who would this property not suit?
It may not suit buyers seeking a large garden, extensive outdoor space, or a character home with heritage features. The garage is listed as "None," so it is also not ideal for those requiring secure vehicle storage.
5. What do the rankings and "Top X%" figures actually mean?
They contextualize the home against three groups: its immediate street, the Brooklands neighbourhood, and all of Winnipeg. For example, its "Top 3%" ranking for year built on its street means it is newer than 97% of homes on Alexander Avenue. This helps highlight where the property excels or is average within different comparisons.