1281 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,058 sqft home on a 3,125 sqft lot, built in 1898, with a current assessed value of $195,000. Located on Alexander Avenue in the Weston neighbourhood of Winnipeg.
Where the appeal lies:
The property sits in a sweet spot for value. Its assessed value is slightly above the street and neighbourhood averages (top 33% and 35% respectively), but well below the citywide average—meaning you get a home that's priced competitively relative to the broader market. The living area is also above the local norm (top 27% in the neighbourhood), offering more interior space than many nearby comparables. The land area is above average for the street, though modest by citywide standards.
What might give a buyer pause:
The home is significantly older than most. Built in 1898, it's among the oldest 6% of properties on Alexander Avenue and in the top 1% oldest neighbourhood-wide. This will naturally come with maintenance considerations, possible system upgrades, and potentially less efficient construction. The rankings clearly flag this as an area where the property underperforms compared to newer stock.
Who it would suit:
Buyers who are comfortable with an older home and prioritize square footage and lot size within a reasonable budget—rather than seeking a move-in-ready, modernized property. It's a good fit for someone willing to invest in updates over time, or who values character and established neighbourhoods over turnkey convenience. First-time buyers looking for more space than a condo or starter home might find it attractive, provided they're prepared for the age-related realities.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $195,000 is above both the Alexander Avenue average ($184,300) and the Weston neighbourhood average ($184,700). Citywide, it's significantly below the $390,100 average, which is partly due to the home's age and location relative to newer, higher-value areas.
2. Is the living area considered small or large for this property type?
At 1,058 sqft, it's above the neighbourhood average of 936 sqft (top 27%) and slightly above the street average of 1,015 sqft. However, it's below the citywide average of 1,342 sqft, so it's not a large home by broader standards—but it offers more interior space than what's typical in its immediate area.
3. Why is the year built such a low ranking, and what should I expect?
Built in 1898, this home predates the vast majority of properties in Winnipeg. The rankings show it's in the top 1% oldest citywide. Expect older systems (plumbing, electrical, heating), possibly original materials like plaster walls or knob-and-tube wiring, and a need for periodic inspections. Some buyers see this as a plus for character; others see ongoing maintenance as a trade-off.
4. How does the land size compare—is the lot usable?
The lot is 3,125 sqft, which is slightly larger than the street average (2,977 sqft) but below the neighbourhood average (3,269 sqft) and well under the citywide average of 6,570 sqft. It's a standard urban lot for this part of Winnipeg—not expansive, but typical for the area and usable for a yard, garden, or parking.
5. What does "same area" or "comparable homes" mean in these rankings?
The rankings compare this property to a defined group of similar homes—based on property type, location, and other filters—at three levels: the immediate street, the broader Weston neighbourhood, and all of Winnipeg. "Same area" refers to the neighbourhood grouping. "Comparable homes" means properties deemed similar in type and characteristics, not every single home in that zone. The averages and rankings are relative to that specific peer group, not an absolute benchmark.