793 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home on an above-average lot. The living area is 611 square feet, which ranks near the bottom both on its street and city-wide. The assessed value of $126,000 is similarly low—well below the street average of $184,300 and far below the citywide average of $390,100. Built in 1905, the house is older than most on Alexander Avenue (average 1937) and significantly older than the citywide average of 1966.

The standout feature here is the land. The lot measures 3,425 square feet, placing it in the top 28% on the street and the top 39% in the neighbourhood. That’s a meaningful advantage: on a street where the average lot is just under 3,000 square feet, this property offers extra outdoor space and development potential.

The appeal lies in the combination of a low entry price and a relatively generous lot. This would suit a buyer who values land over square footage—someone willing to take on an older, smaller home in exchange for a bigger yard, possibly with an eye toward future expansion or redevelopment. It also fits an investor or first-time buyer looking for an affordable entry point into a central Winnipeg neighbourhood, with the understanding that the house itself needs attention and won't match the size or finishes of newer or renovated properties nearby.

Frequently Asked Questions

1. How does the assessed value compare to similar properties nearby?
The assessed value of $126,000 is below the street average of $184,300 and well below the neighbourhood and city averages. That said, the ranking (top 84% on the street) suggests there are still many lower-valued homes nearby, so it's not an outlier—it reflects the smaller living area and older age of the house relative to the broader market.

2. Is the land large enough to build an addition or a secondary suite?
At 3,425 square feet, the lot is above average for the street and neighbourhood, but it's still a modest urban lot. Whether you can add square footage or a secondary suite depends on local zoning and setback requirements. The lot size itself is a strong starting point, but you'd need to check with the city before making plans.

3. Why is the living area so much smaller than the citywide average?
This is a 1905-era home, and homes of that period in Winnipeg tend to be smaller than modern builds. The citywide average includes many newer, larger single-family homes. The 611-square-foot figure puts this property in the bottom 1% city-wide, which is common for older starter homes in central neighbourhoods.

4. What does the "top 28%" rank for land area actually mean in practical terms?
It means that out of 608 comparable homes on Alexander Avenue, only about 170 have larger lots. On a street where the average lot is roughly 3,000 square feet, you're getting about 400 extra square feet of land. That translates into a bigger backyard or side yard than most neighbours have, which is rare for this price point.

5. Is this property suitable for a renovation or a full rebuild?
Yes, but the approach depends on your goals. Renovating the existing house is possible, though the small footprint limits what you can achieve without an addition. A full rebuild would let you maximize the lot, but the feasibility depends on the condition of the existing structure and your budget relative to the land value. Given the low assessed value, the land is arguably the more valuable asset here.