Property Overview
This one-and-three-quarter storey home on Alexander Avenue is a property defined by its history and potential. Built in 1882, it is one of the oldest homes in the Centennial neighbourhood, offering a rare piece of Winnipeg's architectural heritage. With 1,091 sqft of living space, a detached garage, and an unrenovated basement, it presents a straightforward layout. Its appeal lies primarily in its lot size—at 2,219 sqft, the land is more generous than many on its street—and its very low assessed value, which suggests an accessible entry point. This home would suit a buyer looking for a project, whether as a long-term restoration labour of love or a strategic land-value investment in an established area. It's not a move-in-ready home, but for the right person, its character and lot size provide a tangible foundation to build upon.
Key Considerations & FAQs
1. What does "one-and-three-quarter storey" mean?
This is a classic architectural style where the second floor has slightly less full-height ceiling space than the main floor, often featuring dormer windows. It maximizes space in a compact footprint and is characteristic of many older Winnipeg homes.
2. Why is the assessed value so much lower than the last sale price?
The assessed value ($9.7k) is for taxation purposes and is often significantly lower than market value, especially for older homes. The 2022 sale price of $12.9k is a better, though dated, indicator of its market value, which is likely still very accessible.
3. Is the small land size a drawback?
While the lot is below the citywide average, it's actually above average for Alexander Avenue itself. In an older, central neighbourhood, this lot size is typical and may still offer good potential for outdoor space or future expansion relative to immediate neighbours.
4. What are the implications of the home's age (1882)?
This age means potential for historic charm and solid construction, but it absolutely necessitates thorough inspections for foundation, wiring, plumbing, and insulation. Renovation costs and permitting, especially if heritage elements are involved, should be carefully budgeted.
5. Who would this property not suit?
It would not suit buyers seeking a modern, low-maintenance, or immediately turnkey home. It is best suited for an investor, a hands-on renovator, or someone primarily interested in the value of the land in a long-established neighbourhood.