1539 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,040 sqft single-family home, built in 1913, sits on a 2,423 sqft lot in Winnipeg’s Weston neighbourhood. Its strongest selling point is value: the assessed value of $207,000 ranks well above average on its street (top 27%) and in the neighbourhood (top 27%), while falling significantly below the citywide average of $390,100. Buyers get a property that holds its ground locally but avoids the premium pricing seen across Winnipeg as a whole.
The living area is slightly above neighbourhood average (936 sqft) but below citywide average (1,342 sqft), so the home works well for someone who doesn’t need sprawling square footage. The land is noticeably on the smaller side—especially compared to citywide norms—which could mean less maintenance but also less yard space. The 1913 build date gives it character and likely some original features, but buyers should expect older infrastructure and factor in potential updates.
Who it suits: First-time buyers priced out of newer or larger homes elsewhere in the city. Investors looking for an entry-level property in a neighbourhood with below-median land and house size, where holding costs are lower. Anyone who values location over lot size or prefers a compact, older home with bones that won’t demand city-level pricing.
Five Possible FAQs
1. How does the assessed value compare to what I’d actually pay?
The city’s assessed value of $207,000 is a useful benchmark, but it’s not a sale price. On Alexander Avenue, the average assessment is $184,300, and this home is above that. In the current market, sale prices can run above or below assessment depending on condition, competition, and demand in Weston. A local agent’s comparable sales analysis would give you a realistic range.
2. Is a 1913 home a risk without major renovations?
Not necessarily, but you should plan for a thorough inspection. Homes from that era often have solid framing and good bones, but wiring, plumbing, insulation, and the foundation may need attention. The year-built ranking (top 52% on the street) suggests there are older and newer homes nearby, so you’re not an outlier. Expect some maintenance history and potential for unpermitted past work.
3. Why is the land area so much smaller than the city average?
The lot is 2,423 sqft, while the city average for comparable homes is 6,570 sqft—making it rank in the bottom 3% citywide. That’s typical for older, more central neighbourhoods like Weston, where lots were subdivided earlier and are often compact. If you want a large yard, this isn’t the property. But smaller land means lower property taxes and less outdoor upkeep.
4. How does this home compare to others on Alexander Avenue itself?
On its street, this home is slightly above average in size (top 42%) and well above average in assessed value (top 27%). The year built is roughly typical (top 52%), and the land is slightly smaller than the street average (2,977 sqft). So it’s not a standout on the block, but it offers good value relative to its immediate neighbours—especially for the price.
5. What’s the neighbourhood like for resale value?
Weston’s average living area (936 sqft) and assessment ($184,700) are both below citywide medians, meaning it’s an older, more affordable pocket of Winnipeg. Resale value here tends to be stable but not rapid—appreciation is more tied to the city’s overall market than local gentrification. One less obvious perk: a home that’s already below city average in size and value can be easier to sell in a downturn, because it’s closer to what many buyers can afford.