970 Alexander Avenue — Property Summary
Key Characteristics & Buyer Profile
This is a 1907-built home with 780 sq ft of living space on a 2,574 sq ft lot. Its assessed value is $149,000. Across every metric, the property sits below citywide averages. The living area is smaller than 92% of homes in Winnipeg, and the lot is smaller than 94%. The tax assessment is notably low—$149,000 versus a city average of $390,000—which reflects both the modest size and the age of the home.
What stands out here is context. On Alexander Avenue, this property is relatively close to the median for both lot size and assessed value. The neighbourhood (West Alexander) has older housing stock overall, so the 1907 build year is more typical there than it would be elsewhere. In other words, this home is less of an outlier within its immediate street and community than the citywide numbers suggest.
The appeal is practical rather than flashy. A smaller footprint and low assessment mean lower property taxes and potentially a lower purchase price compared to newer or larger homes nearby. It suits buyers who value affordability, are comfortable with an older home, and don’t need a lot of square footage or land. First-time buyers, investors looking for a lower-cost entry point in an established neighbourhood, or anyone prioritizing tax efficiency over space would find this worth a look.
Frequently Asked Questions
1. How does the property compare to other homes on Alexander Avenue?
It’s smaller than most in terms of living area (463rd out of 608) and older than about three-quarters of them. But the lot size is close to average, and the assessed value falls within a typical range for the street.
2. Why is the assessed value so much lower than the city average?
The $149,000 assessment reflects the home’s modest living area, older construction, and smaller lot. The citywide average of $390,000 is pulled up by newer, larger homes in more expensive areas.
3. Is a 1907 build a concern for buyers?
It depends on maintenance history. Homes from this era can have solid construction but may need updates to electrical, plumbing, insulation, or foundations. A thorough inspection is worthwhile, but the age alone isn’t a red flag—especially in West Alexander, where older homes are common.
4. Could the property be a good investment?
Possibly, if the price is right. The low tax burden and below-average entry cost could appeal to renters or flippers. But the small size and older bones limit resale value growth compared to larger or more updated properties.
5. How does the lot size affect usability?
At 2,574 sq ft, the lot is compact. While it’s near the median for the street, it’s significantly smaller than typical Winnipeg lots. Private outdoor space will be limited, and any expansion or major landscaping would require careful planning.