1481 Alexander Avenue – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1928-built home in Winnipeg’s Weston neighbourhood with 926 square feet of living space and a 3,634-square-foot lot. The property stands out most for its land: it ranks in the top 23% on its street for lot size, and the lot is noticeably larger than the street average of 2,977 square feet. The home itself is modest in size—slightly below the street average of 1,015 square feet—but its assessed value of $200,000 is a strong point, ranking in the top 31% on Alexander Avenue and top 32% in the neighbourhood. This suggests the value isn’t driven by square footage alone, but by the land and location relative to similar homes.
The appeal here is subtle. You’re getting a below-average living area for Winnipeg as a whole, but an above-average lot for your immediate street. The home’s age (1928) is typical for the area, which means it likely has the character and quirks of an older house—original details, solid construction, but possibly older systems. The assessed value is well below the citywide average ($390,100), keeping entry costs lower than many Winnipeg homes.
This property would suit a buyer who values outdoor space over interior square footage, and who is comfortable with an older home. It’s a strong fit for someone looking to get into a well-established neighbourhood without paying a premium for size. Renovators or those open to updating may find the value gap between living area and land appealing. It’s less suited to buyers who need a large, move-in-ready interior or want a newer home.
Frequently Asked Questions
1. How does the living area compare to other homes in Weston?
The home’s 926 square feet is slightly below the neighbourhood average of 936 square feet, ranking in the top 47% of similar homes. It’s a typical size for the area, not notably small or large.
2. Why is the assessed value relatively high despite the smaller living area?
The assessed value appears to be driven by the above-average lot size and the home’s position within the street and neighbourhood. On Alexander Avenue, the property ranks in the top 31% for value, even with a below-average living area. Land often carries weight in older neighbourhoods.
3. What should I expect from a 1928 home in terms of maintenance?
Homes of this era often have solid framing and character features, but mechanical systems (plumbing, electrical, heating) may be original or outdated. It’s worth budgeting for potential upgrades, especially if they haven’t been done recently. The year built is typical for Weston, so local contractors will be familiar with the era.
4. How does the lot size compare city-wide?
At 3,634 square feet, the lot is below Winnipeg’s citywide average of 6,570 square feet, ranking in the bottom 21%. However, within the immediate street and neighbourhood, it’s above average—meaning you get more yard space than your direct neighbours, but not compared to newer suburban developments.
5. Is this a good property for a first-time buyer?
It could be, especially if you’re comfortable with an older home and prioritize outdoor space. The assessed value is well below city averages, and the price point is likely competitive. Just factor in that living area is modest and older homes can have unexpected costs. A thorough inspection is recommended.