Property Summary: 1979 Alexander Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Brooklands, built in 1955. Its primary appeal lies in its generous, above-average lot size of 4,728 sqft—ranking in the top 9% for land area on its street. This presents a significant opportunity for expansion, gardening, or outdoor living that is less common in the area. The home itself is modest at 840 sqft of living space, but it features a renovated basement, adding functional space. It comes with a detached garage.
The property suits practical buyers looking for a solid foundation in a mature neighbourhood. It’s ideal for a first-time homeowner comfortable with a smaller main-floor footprint who values the long-term potential of a large lot. It would also appeal to an investor or renovator who sees value in the land and the already-completed basement renovation, viewing the existing structure as a canvas for expansion or modernization. The home’s assessed value ranks highly on its street, suggesting it is considered a solid asset within its immediate context.
Frequently Asked Questions
1. Is the large lot size typical for the area?
Yes and no. While the lot is significantly larger than the average on Alexander Avenue itself, it is more in line with the broader Brooklands neighbourhood average. This means you get a premium-sized property on a street where that is a standout feature.
2. The living area seems small. What is the full usable space?
The main living area is 840 sqft, but the renovated basement adds additional functional space. The total usable square footage is therefore greater than the listed living area, though the specific size of the basement is not provided.
3. How does the last sale price relate to the assessed value?
The home sold for $220,000 in 2017, which was above average for the street at that time. The current assessed value is $25,400. It’s important to understand that municipal assessed value for taxation purposes is not a market appraisal; it is often significantly lower than potential market value.
4. What does the "above average" year built ranking mean for a 1955 home?
On Alexander Avenue, many homes are older, with an average build year of 1937. Therefore, a 1955 home is relatively newer on this specific street, potentially implying updates in construction methods or materials compared to its immediate neighbours.
5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready home with ample above-ground living space immediately, or those who prefer a new build subdivision with smaller, low-maintenance lots. The value here is in the land and the potential it holds.