This is a compact 619 sqft home on Alexander Avenue in Winnipeg’s Weston neighbourhood. Built in 1918, it sits on a 2,500 sqft lot. The standout feature is its pricing: the assessed tax value sits at $189,000, which is nearly average for both the street and the neighbourhood, but well below the citywide average of $390,000. The property ranks in the top 37% on its street for value, suggesting it offers relative affordability within its immediate context.
The appeal here is straightforward: it’s a lower-entry point into a specific area of the city. The property data shows the home is smaller than most in every comparison—95th percentile for its street, 93rd for the neighbourhood, and 99th citywide. The lot is also smaller than the city average (96th percentile). So the trade-off is clear: you get less space, but at a price that reflects it. This would suit a buyer who prioritizes location and low overhead over square footage—perhaps a first-time buyer, someone looking to downsize without leaving the area, or an investor focused on lower-cost entry in a modestly-priced neighbourhood. The 1918 build date also suggests it may appeal to someone comfortable with an older home’s character and maintenance demands.
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How does the property’s assessed value compare to similar homes nearby?
The assessed value is about $189,000, which is close to the street average of $184,000 and the neighbourhood average of $185,000. It’s significantly below the citywide average of $390,000.
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Is this a good option for a first-time buyer?
Potentially yes, especially if you’re comfortable with a smaller home. The price relative to the neighbourhood is competitive, and the lower square footage keeps the purchase price and property taxes manageable. Just be aware that both the home and lot are smaller than most in the city.
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How old is the building, and what should I watch for?
The home was built in 1918, which is around average for the street and neighbourhood. Citywide, most homes are newer (average 1966). With a property this age, you may want to budget for updates to older systems like plumbing, electrical, or insulation.
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How does the lot size affect usability?
At 2,500 sqft, the lot is about average for the street but smaller than the city average. It may limit options for major additions or large gardens, but could still accommodate small outdoor space, parking, or a modest shed.
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What does the “ranking” tell me about this property’s value?
The rankings compare this property to others on the same street, in Weston, and citywide. For example, it’s in the top 37% on its street for assessed value, meaning it’s priced competitively. But it’s in the bottom 5% for living area on the same street, so you’re paying a fair price for a smaller home.