1275 Alexander Avenue

1275 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a late-1800s home (built 1898) with 1,106 square feet of living space on a 3,125-square-foot lot in the Weston area of Winnipeg. Its standout feature is value: the assessed value sits at $150,000, which is well below the citywide average of $390,100 and also below the neighbourhood average of $184,700. In fact, it ranks in the bottom 3% citywide by assessed value. The living area is slightly above the neighbourhood average (936 sqft) but below the citywide average (1,342 sqft). The lot size is typical for the street and neighbourhood but smaller than most citywide parcels.

The appeal here is straightforward—low entry cost in a central neighbourhood. This property suits buyers who prioritize affordability over modern finishes or a prime location. It would likely interest first-time buyers priced out of more expensive areas, investors looking for a low-cost entry into the market, or someone willing to take on a renovation project in a neighbourhood with older, character homes. The trade-off is clear: lower price point comes with an older building and a smaller lot by city standards.

Five Possible FAQs

1. Why is the assessed value so low compared to the neighbourhood?
The property is one of the oldest on the street, built in 1898 when the average on Alexander Avenue is 1937. Age typically depresses assessed value, especially if the home hasn't been substantially updated. The living area and lot size are both around average for the street, so the value gap likely reflects the building's condition and vintage rather than its size.

2. How does the living space compare to similar homes nearby?
At 1,106 square feet, it's slightly above the Weston neighbourhood average of 936 square feet, placing it in the top 21% for living area locally. Citywide, it falls below the average of 1,342 square feet, but that's expected for an older, inner-city property where homes tend to be smaller than newer suburban builds.

3. Is this considered a small lot?
Relative to the street, it's about average (3,125 sqft vs. 2,977 average). In Weston, it's also close to the norm. But compared to Winnipeg as a whole (average lot size 6,570 sqft), it's noticeably smaller—ranking in the bottom 14% citywide. If you're used to suburban yards, this will feel compact.

4. What does "Top 100%" mean for year built?
That ranking means the property is among the oldest homes citywide. Out of nearly 195,000 properties in Winnipeg, this one ranks 193,656th by year built—so only about 800 homes are older. It's a genuine century home, which may appeal to buyers who appreciate historical character but should also expect aging infrastructure.

5. Should I expect competition for this type of property?
Given the low assessed value and older construction, competition will likely come from budget-conscious buyers or investors rather than families looking for move-in-ready homes. The low citywide rank for value (top 97% meaning most homes are assessed higher) suggests it's a niche property. If priced accordingly, it could move quickly, but it won't appeal to the broad market.