Here is a property summary written in a direct, grounded style.
Key Characteristics & Buyer Profile
This is a 1917 bungalow on Alexander Avenue in Winnipeg’s Weston neighbourhood, with 582 square feet of living space on a 2,145 square foot lot. Its assessed value is $126,000.
The property’s defining feature—and its main compromise—is scale. Across the street, neighbourhood, and city, this home ranks in the bottom percentiles for both living area and lot size. It is a small, older house on a modest piece of land. However, that size translates into a price point well below median assessed values in every comparison group. The citywide median assessment is $390,000; this property sits at roughly a third of that.
The appeal here is not about space or yard, but about entry. This suits a buyer who is prioritizing affordability and location over square footage: a first-time home buyer looking to get into Winnipeg’s market without taking on a large mortgage, or someone downsizing who wants a low-maintenance interior and a small plot. The age of the building (1917) means construction is solid but systems are likely older—this is a home that may reward a handy owner or someone with a realistic renovation budget. It is not a turnkey property for someone expecting modern finishes or generous rooms, but its low carrying costs leave room for gradual improvements.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The primary driver is size. Homes in Weston and on Alexander Avenue are already below the citywide average for living area and lot size, and this specific property is smaller than the local norm. Assessment is based on a property’s market value characteristics, and a 582-square-foot bungalow from 1917 on a 2,145 sqft lot naturally falls into a lower valuation bracket, especially compared to newer or larger homes in other parts of Winnipeg.
2. How old is the house, and what does that usually mean for upkeep?
Built in 1917, it is comparable in age to many homes on its street. In practical terms, this often means plaster-and-lath walls, an older foundation, and potentially outdated electrical and plumbing. A pre-purchase inspection is strongly recommended to assess the condition of the roof, furnace, and wiring—these are the typical cost centres for a house of this era, and replacing any of them can be a significant expense.
3. Is a 2,145-square-foot lot enough for a garage or an addition?
It is tight. Lots on Alexander Avenue average just under 3,000 sqft, and this one is smaller than that. Zoning and setback requirements will determine what is possible, but realistically, you are likely looking at a very small detached garage (if any) and major additions would be difficult without a variance. The lot is better suited to a garden or low-maintenance outdoor space than expansion.
4. What is the neighbourhood like in terms of resale potential?
Weston is a mature, established area with a mix of similar vintage homes. The property’s small size will limit its future buyer pool in any market, which can affect how quickly it sells. However, its low price point also means it will always be among the more affordable options in the city—there will always be demand for entry-level housing, just not from families or people seeking a large single-family home.
5. How does this property compare to a condo at a similar price?
The main difference is ownership structure: no condo fees and you own the land. However, you are responsible for all exterior maintenance (roof, siding, yard). For roughly the same monthly cost as a condo with fees, you might get more total square footage in a condo, but you lose the private outdoor space and the ability to change the building itself. This house suits someone who values having their own small piece of ground and does not want shared walls, even if the interior is smaller than a typical apartment.