Property Summary: 451 Alexander Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 451 Alexander Avenue in Centennial presents a distinct profile. Its primary appeal lies in being a modern structure within an established neighborhood. Built in 2018, it is significantly newer than almost all homes on its street and in the wider area, offering move-in readiness with contemporary building standards. The home features a renovated basement, adding to its functional living space.
The property suits practical, value-conscious buyers. It's ideal for first-time homeowners seeking a low-maintenance, newer build without a premium suburban price tag, or for investors looking for a modern rental in a central location. Its smaller land and living area (2,244 sqft lot, 919 sqft living space) translate to less upkeep, a key point for those prioritizing efficiency over expansive yards.
A thoughtful perspective is its statistical standing: while the home's physical footprint is modest compared to area averages, its assessed value ranks well above local norms. This suggests the modern build and renovations are recognized in its valuation, positioning it as a home where the value is in the structure itself rather than the land.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a concern?
The lot is below average for the street and neighborhood. This means less outdoor maintenance and yard work, which is a benefit for some, but may not suit those wanting extensive garden space or privacy.
2. Why is the assessed value higher than many area homes?
The assessed value reflects the property's modern construction (2018) and renovated condition. You are largely paying for a newer, updated home rather than a large parcel of land, which is the more common scenario in older neighborhoods.
3. What does "bi-level" mean for living here?
A bi-level typically features living areas split across two short flights of stairs. This offers good separation between sleeping and living zones, but may not be ideal for those seeking single-level living or with significant mobility considerations.
4. How does the lack of a garage affect daily life?
There is no garage, which is common for many central Winnipeg homes. Buyers should plan for street parking and consider the implications for vehicle storage and winter weather.
5. The last sale was in 2020. What should I know?
The property sold for $23.3k in 2020. The current assessed value of $26.4k indicates a rise in valuation, likely tied to the completed renovations and market changes. It is essential to have a current market appraisal to understand its present-day sale price.