1533 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 963 sqft home built in 1913, on a 2,423 sqft lot in Winnipeg’s Weston neighbourhood. Its assessed value is $200,000.
The property sits in an interesting middle ground. On its own street and within the neighbourhood, the living area and assessed value are close to average. Compared to the rest of Winnipeg, however, both are well below the citywide medians—the living area is in the bottom 23% citywide, and the assessed value is in the bottom 8%. The lot is also notably smaller than the Weston average and significantly smaller than the citywide average.
The appeal here is less about standout features and more about relative affordability and a compact footprint. A 963 sqft home on a modest lot is often a good fit for a first-time buyer looking for a lower entry point than newer or larger homes in the city, or for someone downsizing who wants an older character home without excessive upkeep. The year built (1913) suggests the property is well into its second century—buyers should expect an older-home maintenance profile, potentially including knob-and-tube wiring, cast iron plumbing, or foundation work common to houses of this era in Winnipeg. The property’s rankings also hint that it may be one of the more modest homes in a street and area where larger or newer homes are typical, which could mean less upward price pressure from the immediate neighbourhood.
Suitable for: First-time buyers prioritizing price over space; buyers comfortable with pre-war home maintenance; investors looking for a lower-cost entry into a stable central neighbourhood.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
On Alexander Avenue, the $200,000 assessment ranks in the top 31% (meaning it’s above average for the street). In Weston overall, it ranks in the top 32%. Citywide, it’s in the bottom 8%, which reflects how much less expensive this home is compared to the Winnipeg median.
2. Is this a small house compared to others in the area?
It’s average for its own street and for Weston. The 963 sqft is within a few percent of the Weston average (936 sqft) and the street average (1,015 sqft). Citywide, it’s notably smaller than the average comparable home (1,342 sqft).
3. What does “Top 77%” mean for living area citywide?
It means this home is larger than about 23% of comparable homes in Winnipeg, but smaller than about 77% of them. In other words, it’s in the smaller half citywide, but not exceptionally small.
4. How old is the house and is that typical for the area?
Built in 1913, which is slightly older than the average home on Alexander Avenue (1937) and in Weston (1937). Citywide, it’s in the oldest 10% of comparable homes. The neighbourhood skews older, so this fits, but it’s still an early-20th-century property.
5. Why is the lot size ranking so different from the house size ranking?
The house size is average for the street and neighbourhood, but the lot (2,423 sqft) is significantly smaller than the Weston average (3,269 sqft) and much smaller than the citywide average (6,570 sqft). This often indicates a narrower or shallower lot, or a property in a denser part of the neighbourhood where land is less generous. It’s worth checking whether the lot shape or zoning limits future use.