Property Overview & Key Characteristics
This one and three-quarter storey home on Alexander Avenue is a distinctive property that blends historic character with practical updates. Its key appeal lies in the balance of a generous living space footprint on a manageable lot, all within Winnipeg's Centennial neighbourhood. The home was built in 1882, making it a true piece of local history, and features a renovated basement and a detached garage.
The data reveals a thoughtful perspective: while the lot size is around average for the street, the living area is notably spacious compared to its immediate neighbours, ranking in the top 8% on Alexander Avenue. This suggests a home that makes efficient use of its space. The assessed value is modest relative to both the street and the wider city, which could indicate an entry point for the area or room for value growth. It would suit a buyer looking for character and space over a modern build date, potentially a first-time homeowner or someone who appreciates historic homes without a massive property to maintain. Its profile suggests it's for a pragmatic buyer who sees value in established neighbourhoods and solid square footage.
Frequently Asked Questions
1. What does "one and three-quarter storey" mean?
This is a common architectural style in older Winnipeg homes. It typically means the second floor has full-height ceilings in the center of the house, with sloped ceilings or dormer windows in the bedrooms, creating a cozy, character-filled upper level.
2. The home was built in 1882. Should I be concerned about major issues?
While the age implies a need for a thorough inspection, the presence of a renovated basement is a positive sign of updated infrastructure. Key focus areas for an inspector would be the foundation, original wiring or plumbing, and the roof structure, common in homes of this vintage.
3. The assessed value seems low compared to city averages. Why?
Property assessment is for taxation purposes and is not market value. This lower assessment is likely due to the home's age, its specific location within the city, and the methodology used. It often results in a relatively lower property tax bill, which is a financial positive for the owner.
4. How does the lot size compare, and what does that mean for me?
At just over 2,600 sqft, the lot is around average for the street but smaller than many newer city lots. This means less yard maintenance, which can be a benefit, but may limit options for large additions or extensive landscaping compared to properties on larger plots.
5. Who are the typical neighbours or buyers in this area?
The Centennial neighbourhood features a mix of long-time residents and newer buyers attracted to its central location and historic homes. Given this property's profile, it would likely appeal to those seeking an established community feel within the city, rather than a suburban or brand-new development atmosphere.