1396 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,193 sqft home on a compact 2,127 sqft lot, built in 1906. What stands out is the value proposition at the street and neighbourhood level. On Alexander Avenue, the property ranks in the top 22% for living area and top 19% for assessed value, meaning it offers more space and higher worth than most homes directly around it. Within the Weston neighbourhood, it’s even stronger—top 13% for size and top 16% for value. Yet citywide, both its assessed value ($231K) and lot size are well below average, reflecting how much further your money goes in this pocket of Winnipeg compared to the broader market.
The appeal lies in getting above-average interior space on a modest lot in a denser, older street context. This isn’t a sprawling suburban property. It’s a home where the house itself is the asset, not the land. That suits buyers who prioritize square footage and value over yard size—first-time buyers, investors looking for better-than-median rental potential in an established area, or anyone who’d rather put money into interior updates than maintain a large lot. The 1906 build means solid bones but likely older systems; it appeals to someone comfortable with character homes or willing to renovate gradually.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The home is assessed at $231K, which is about 25% above the averages on Alexander Avenue ($184.3K) and in Weston ($184.7K). Citywide, it sits well below the $390K median, indicating strong relative value within its immediate area.
2. Is the small lot a drawback or a feature?
It depends on your priorities. The 2,127 sqft lot ranks in the bottom 6% on the street and bottom 3% citywide. That limits outdoor space and future expansion options. But it also means lower maintenance and a smaller footprint to heat or tax—worth noting if yard work isn’t your thing.
3. What does a 1906 build mean in practical terms?
You’re buying into a very old housing stock—this home is older than 98% of properties citywide. That often means thicker walls, hardwood floors, and character details, but also dated electrical, plumbing, or insulation. A pre-purchase inspection is smart, and expect that some systems may need updating sooner than in newer homes.
4. How does this property compare to others in Weston overall?
It outperforms most Weston homes for interior space (top 13%) and assessed value (top 16%), but is older (bottom 8% for year built) and sits on a smaller lot (bottom 3% for land area). So it’s a trade-off: you get a surprisingly big house for the neighbourhood, but the land and age are below local norms.
5. Who typically buys homes like this on Alexander Avenue?
Based on the street’s mix of older homes and compact lots, buyers tend to be locals upgrading from rentals, small families wanting a manageable yard, or investors targeting the entry-to-mid price point. It’s less common for someone seeking a large garden or a move-in-ready modern finish.