1298 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s Weston area, built in 1927. Its standout feature is affordability: the assessed value is $148,000, well below both the neighbourhood average ($184,700) and the citywide average ($390,100). On its own street, the assessed value ranks in the top 67%, meaning it’s around average for Alexander Avenue but significantly cheaper than most homes citywide.
The living area is 560 sqft—small even by local standards. On Alexander Avenue, it ranks in the bottom 1% for size; citywide, it’s in the bottom 100%. The land area is 2,499 sqft, which is average for the street but below average for the neighbourhood and city. This isn’t a property you buy for space. The appeal is in the entry price point. It would suit first-time buyers who are willing to trade square footage for a lower cost of entry, or investors looking for a small infill lot in a centrally located, older neighbourhood. The house itself is functionally dated by modern standards, but the low carrying costs and modest land may offer flexibility—either as a starter home or a future redevelopment play on a street where lot sizes are relatively consistent.
Five Possible FAQs
1. Why is the assessed value so low compared to the city average?
The house is small (560 sqft) and built nearly a century ago. Citywide, newer and larger homes dominate the average, so this property sits well below that benchmark. On Alexander Avenue and in Weston, however, it’s closer to the median—older, smaller homes are more common here.
2. Is the small living area a dealbreaker for resale?
It depends on the buyer pool. In a neighbourhood where the average home is 936 sqft, this is undeniably compact. But smaller homes in good condition can appeal to singles, couples, or downsizers. The key is whether the layout is functional—560 sqft can work well if it’s efficiently designed. If it’s chopped up or poorly lit, it’s harder to sell.
3. How does the land size compare to typical lots in Weston?
The lot is 2,499 sqft, which is about 23% smaller than the neighbourhood average of 3,269 sqft. On Alexander Avenue itself, it’s right in the middle (top 50%). So while it’s not generous, it’s not unusually small for the street. The lower land area does limit expansion or garage potential relative to neighbouring properties.
4. What does “ranked #601 out of 608” on the street actually mean?
It means that when compared to 608 similar homes on Alexander Avenue, 600 of them have larger living areas. Only 7 are smaller. So in terms of interior size, this is one of the smallest homes on the street—a fact that matters most if you plan to compare it to nearby listings, not just citywide averages.
5. Is the year built (1927) a concern for maintenance or insurance?
Homes of this vintage often have solid construction (older framing, plaster walls) but may require updates to electrical, plumbing, insulation, and roofing. Some insurers charge higher premiums or require inspections for pre-1940 homes, especially if wiring hasn’t been upgraded. It’s worth checking the condition of major systems before committing, as the low purchase price can be offset by deferred maintenance.