709 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a late-1800s home (built 1895) in Winnipeg’s West Alexander neighbourhood, with 1,062 square feet of living space on a 2,460-square-foot lot. Its assessed value is $170,000.
The property sits near the middle of the pack for its street in terms of living area and assessed value, but the lot is smaller than most neighbouring properties and considerably smaller than the citywide average. The age of the home places it among the older 5% of properties on Alexander Avenue and well within the oldest tier citywide.
Where this property appeals most is for a buyer looking for an entry-level price point in a central Winnipeg neighbourhood. The assessed value is well below citywide averages, which keeps costs low relative to much of the market. However, the small lot and older construction mean the buyer should be comfortable with the realities of a century-old home—potential maintenance needs, less modern layouts, and limited expansion space. It suits someone who values location and affordability over turnkey finishes or land size. A buyer who sees potential in a modest older home, and who isn’t expecting large-scale renovation room, would find this a practical fit.
Frequently Asked Questions
1. How does the lot size compare to other homes nearby?
The lot is 2,460 square feet. This is smaller than the average on Alexander Avenue (2,977 sqft) and well below the neighbourhood average of 3,591 sqft. Citywide, it ranks in the bottom 3% of lots. Outdoor space is limited.
2. Is the assessed value accurate given the home’s age?
The assessed value of $170,000 is slightly below the street average and significantly below the citywide average. The age of the home (1895) is a major factor in this lower valuation. Older homes often carry higher maintenance costs, which the assessment reflects.
3. What condition should I expect from a home built in 1895?
The data does not include condition details, but homes of this era commonly have original framing, plaster walls, and updated systems depending on the owner. A thorough home inspection is essential. Buyers should budget for potential updates to electrical, plumbing, insulation, and foundation work.
4. How does the living space compare to typical starter homes?
At 1,062 square feet, the home is close to the street average and just above the neighbourhood average. It is on the smaller side for a single-family home citywide but is typical for older central neighbourhoods. The layout likely reflects the era—smaller rooms, possibly no main-floor ensuite or open concept.
5. What advantages does this property offer beyond price?
The main advantages are affordability and location. Being in West Alexander, the property is close to downtown, transit, and older commercial corridors. For a buyer who prioritizes a short commute or urban walkability over a large yard or modern finishes, this home offers a lower-cost entry to a central area where newer homes are often much more expensive.