Property Overview
This one-storey home on Alexander Avenue presents a classic Weston neighbourhood opportunity. Built in 1907, its key characteristic is a solid, unrenovated foundation on a notably large lot (2,423 sqft), which ranks highly for size within both the street and the wider city. The 840 sqft living area is complemented by a basement and a detached garage. Its appeal lies in its potential; it’s a property for those who see value in a prime lot size and a character home’s bones, rather than a move-in-ready finish. The assessed value positions it well above average for Winnipeg, suggesting underlying value in the land or structure.
It would suit a buyer looking for a project—whether a gradual DIY renovation, a hold for land value, or a home where square footage priorities are focused more on the outdoor space than the current interior footprint. A thoughtful perspective is that while the home itself is older, its lot size is a permanent and increasingly rare asset in the city, offering flexibility that newer, smaller lots often don’t.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, lacking modern finishes. It presents both a blank canvas and a project, so factoring in inspection and potential updates is important.
2. The home is older, but how does it compare to the neighbourhood?
The 1907 build date is older than many listed comparables, but the lot size is in the top 11% for Weston. This indicates you’re acquiring a property where the land itself is a significant, above-average component of the value.
3. The assessed value seems high relative to some nearby homes. Why?
While some similar-sized homes on the street have lower assessments, this property’s assessed value is in the top 7% for Winnipeg. This often reflects a combination of its larger lot size, specific location on the street, and the city’s valuation of the property as a whole.
4. Who would this property not suit?
It would not suit buyers seeking a low-maintenance, modern, or immediately finished home. The appeal is geared toward those with a vision for updates or who prioritize lot size over a renovated interior.
5. What are the advantages of a detached garage on a lot this size?
A detached garage on a large lot offers clear potential for workshop space, additional storage, or future projects without encroaching on the main living area. It also provides more flexibility for landscaping or outdoor use compared to an attached structure.