1312 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This home is a 2012-built residence with 910 sq. ft. of living space on a 2,499 sq. ft. lot. The property’s strongest feature is its build year—it ranks in the top 8% on the street, top 6% in the Weston neighbourhood, and top 10% citywide. That means it’s significantly newer than most nearby homes, which average around 1937 for construction.
The assessed value of $284,000 is well above average for both the street (top 9%) and neighbourhood (top 5%), though below the citywide average for comparable homes. The living area is roughly average for the street and neighbourhood but below the citywide average. The lot size is smaller than typical for the area—about average on the street, but below average neighbourhood-wide and in the bottom 5% citywide.
Where the appeal lies: The primary draw here is a relatively modern, turnkey home in an established inner-city neighbourhood with older housing stock. Buyers get a newer build without paying a premium for a large lot or expansive square footage. The assessed value suggests the home has held or gained value well relative to its immediate surroundings, which may indicate strong local demand or recent upgrades.
What type of buyer it suits: This property would work well for someone who prioritizes a newer, low-maintenance home over space—first-time buyers, downsizers, or investors looking for a recently built asset in a well-ranked location. It’s less suited for families wanting a large yard or extra square footage, or for buyers seeking a “fixer-upper” in a cheaper pocket of the city. The small lot and modest living area make it a practical, not expansive, choice.
Five Possible FAQs
1. How does the living space compare to other homes in Weston?
It’s just under the neighbourhood average of 936 sq. ft., ranking in the top 49%. So it’s very close to typical for the area—not unusually small or large.
2. Why is the assessed value so high for this street and neighbourhood?
The home is much newer than most properties on Alexander Avenue and in Weston, where the average build year is around 1937. Newer construction generally commands higher assessments, and this home ranks in the top 5% for assessed value in the neighbourhood.
3. Is this a good investment property?
It depends on your goals. The newer build and strong local value ranking suggest solid resale potential and lower maintenance costs. However, the small lot and average living area may limit appreciation compared to larger properties in the same price tier citywide.
4. How does the lot size affect things like yard space or future additions?
At 2,499 sq. ft., the lot is on the smaller side—below the neighbourhood average of 3,269 sq. ft. and well below the citywide average. You won’t have a sprawling yard, and any future expansion would be limited by the lot dimensions. It’s more of a compact, urban property.
5. What does “top 10% citywide for year built” actually mean in context?
It means that among nearly 200,000 comparable homes across Winnipeg, this property is newer than about 90% of them. That’s an unusually high ranking, indicating the home is genuinely modern relative to the broader market, not just its immediate street or neighbourhood.