1513 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 980-square-foot home built in 1917, situated on a 2,422-square-foot lot in Winnipeg’s Weston neighbourhood. The property’s assessed value is $152,000.
Its appeal lies in affordability relative to citywide averages. While the home is smaller and older than most comparable properties across Winnipeg, it holds its own within the immediate street and neighbourhood contexts. On Alexander Avenue, the living area and assessed value are both around average, ranking in the top 51% and 63% respectively. The year built is also consistent with neighbouring homes.
Where it falls noticeably short is lot size: at 2,422 square feet, it’s well below the neighbourhood average of 3,269 square feet and far below the citywide average of 6,570. This means outdoor space is limited, which is worth noting for anyone expecting a yard.
This property would suit a buyer who values an entry-level price point in a central, established neighbourhood. It may appeal to first-time homeowners, investors targeting lower-cost rental opportunities, or someone comfortable with a smaller lot in exchange for being closer to the core. The home’s age and below-average lot size suggest it’s not ideal for those seeking a large family home or future expansion potential without rezoning or significant renovation.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $152,000 is slightly below the street average of $184,300 and the neighbourhood average of $184,700. Citywide, it is well below the average of $390,100, which reflects the property’s smaller size and older construction compared to newer or larger homes in other parts of Winnipeg.
2. Is the lot size considered small for the area?
Yes. At 2,422 square feet, the lot is below average for both the street and neighbourhood. It ranks in the bottom 8% within Weston, and in the bottom 3% citywide. This is a key consideration if outdoor space or a garden is important.
3. What does the year built mean in practical terms?
Built in 1917, the home is significantly older than the citywide average construction year of 1966. However, it is consistent with many homes on Alexander Avenue and in Weston. Buyers should plan for maintenance typical of older homes—potentially including older wiring, plumbing, foundation concerns, and less efficient insulation—and budget accordingly.
4. How does the living area compare to other homes nearby?
At 980 square feet, the living area is slightly below the street average of 1,015 square feet but above the neighbourhood average of 936 square feet. Citywide, it is smaller than most comparable homes, which average 1,342 square feet. This suggests the home is modestly sized but not unusually small for its immediate area.
5. What type of buyer would be a good fit for this property?
Given its low assessed value, older construction, and smaller lot, it is best suited for budget-conscious buyers looking for a starter home or a low-cost investment property. It may also suit those who prioritize location over space—Weston offers proximity to downtown Winnipeg and established services—and are prepared for the responsibilities of an older home.