1. Key Characteristics & Buyer Profile
This 648 sqft property on Alexander Avenue in Winnipeg’s Weston neighbourhood is a compact, older home built in 1957. Its size is significantly smaller than both the neighbourhood average (936 sqft) and the citywide average (1,342 sqft), ranking in the bottom 2% citywide for living space. The lot is also modest at 2,498 sqft, well below the city norm. However, the assessed tax value of $181,000 is notably close to the Weston average and well below the citywide median of $390,000, reflecting its smaller scale and location.
Where its appeal lies: The main draw here is affordability and a lower tax burden relative to most Winnipeg homes. The property is situated on a street where values are fairly consistent, suggesting a stable, established area. The older construction year (1957) is newer than many nearby homes, meaning it may have more modern framing or updates than neighbours from the 1930s, though it is still an older home by city standards.
Type of buyer it would suit: This property is best suited for a budget-conscious buyer, a single person, or a couple looking for a modest footprint without the cost of a larger house. It may also appeal to an investor seeking a lower-entry property in a working-class neighbourhood, or to someone who values a smaller, easier-to-maintain home over square footage. Buyers should be prepared for a home that is below average in size even for Weston, and should verify the condition and layout in person, as the numbers alone suggest a compact interior.
2. Five Possible FAQs
1. How does the size of this home compare to others nearby?
The living area is 648 sqft, which is roughly 30% smaller than the Weston neighbourhood average of 936 sqft. On its own street, Alexander Avenue, it also ranks in the bottom 10% for size. The lot is slightly below the local average but not unusually small for the street.
2. Is the assessed value low because the property is in poor condition?
Not necessarily. The assessed value is very close to both the street and neighbourhood averages, meaning it aligns with what similar properties in the area are valued at. The low citywide ranking (bottom 6%) is mainly a reflection of the home’s size and location, not a specific sign of disrepair. An inspection would be needed to assess condition.
3. How old is the property, and is that considered old for the area?
Built in 1957, it is newer than most homes on Alexander Avenue (average build year 1937) and in Weston (also 1937). It is roughly average in age compared to the rest of Winnipeg. So while it is an older home, it is relatively young for its immediate surroundings.
4. Would this be a good candidate for renovations or an addition?
Possibly, but the 2,498 sqft lot is smaller than most in the city (bottom 96% citywide). Zoning and setback requirements would need to be checked, as the land may limit expansion. Renovations inside to maximize the 648 sqft layout are more realistic than adding significant square footage.
5. What is the neighbourhood like in terms of property values?
Weston shows relatively tight value clustering. This home’s assessed value is right in line with the neighbourhood average of $185,000, and the street average of $184,000. Values do not vary wildly here, which suggests a stable, lower-price market without major swings. Citywide, values are much higher, so this area is among the more affordable parts of Winnipeg.