1246 Alexander Avenue

1246 Alexander Avenue – Property Summary

Key Characteristics, Appeal, and Suitability

This is a 1946-built home with 943 square feet of living space on a notably large 4,268-square-foot lot. Its strongest asset is the land: the lot ranks in the top 16% for size on its street and in the Weston neighborhood, which is uncommon for a property of this age and interior size. The assessed value of $203,000 is above average relative to nearby homes (top 29% on the street and in the area), but sits well below the citywide average of $390,000—a reflection of the home’s modest square footage and older construction compared to newer, larger Winnipeg properties.

The appeal here lies in the land-to-living-space ratio. Buyers get a generous yard in an established neighborhood without paying for a larger house they may not need. The living area itself is close to the neighborhood average and only slightly below the street average, meaning the interior is fairly typical for the area. However, the year built (1946) places it newer than many nearby homes (which average 1937), so the structure may have more modern bones than some of its neighbors.

This property would suit buyers who prioritize outdoor space, gardening, or potential for future expansion over immediate interior square footage. It’s a sensible fit for someone looking for a solid starter home or a downsizer who still wants room for a garden or workshop. Investors might also see value in the lot size for long-term redevelopment potential, though that’s not guaranteed.

Frequently Asked Questions

1. How does the property’s assessed value compare to similar homes in Weston?
The assessed value of $203,000 is above average for the neighborhood and the street (both rank in the top 29%). It is well below the citywide average, but that’s typical for an older, smaller home in this part of Winnipeg—citywide averages are pulled up by larger, newer homes elsewhere.

2. Is the living area considered small for the area?
Not really. At 943 square feet, it’s slightly below the street average (1,015 sqft) but very close to the Weston neighborhood average (936 sqft). Citywide, it’s on the smaller side, but that’s expected for a 1946 home in this price range.

3. What does the land area mean practically?
The lot is 4,268 square feet, which places it in the top 16% for both the street and the neighborhood. That’s significantly larger than the average lot in Weston (3,269 sqft). It offers more room for a yard, parking, or future additions compared to most nearby properties.

4. How does the year built affect the home’s condition or value?
Built in 1946, it’s newer than many houses on the street and in the neighborhood (average 1937). While not modern, it’s part of the post-war generation of homes, which often have simpler foundations and layouts than pre-war builds. The age ranks in the top 33% locally, so it’s not one of the oldest homes in the area.

5. Is this property a good candidate for redevelopment?
The large lot relative to the small house could appeal to someone thinking about an addition or, in the longer term, a teardown. However, redevelopment depends on zoning, permits, and neighborhood character—none of which are detailed in the data here. It’s worth investigating local regulations if that’s a consideration.