1561 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1912-built home in Winnipeg’s Weston neighbourhood, with 880 square feet of living space on a 2,423-square-foot lot. Its assessed value is $167,000. The property sits roughly in the middle of the pack for its street and neighbourhood on most measures. Living area is around average for Alexander Avenue and Weston but falls below the citywide typical home size. The assessed value follows a similar pattern—competitive locally, but modest compared to Winnipeg as a whole. The lot is smaller than both the neighbourhood and city averages, and the house is older than most citywide, though not unusual for the immediate area.
The appeal here is relative affordability and a location that avoids the premium pricing of larger lots or newer construction. For someone who values being in an established area with older character homes and isn't looking for maximum square footage or land, this property offers a lower entry point. It would suit a first-time buyer focused on budget, an investor looking for a rental property with modest carrying costs, or someone who prioritizes neighbourhood feel over house size. The rankings suggest you're paying close to the local average for a home that is fairly typical of the street—no standout features, but no glaring red flags either.
Frequently Asked Questions
1. How does the living area compare to other homes nearby?
It's roughly average for Alexander Avenue and Weston. At 880 square feet, it's smaller than the typical citywide home, but in this immediate area, that size is normal. You're not getting less than what's expected for the street.
2. Is the assessed value in line with what I should expect to pay?
Yes, it's near the median for both the street and the neighbourhood. The $167,000 assessment reflects a home that is modest but fairly priced relative to its immediate surroundings. Citywide comparisons are less relevant here because Winnipeg's averages are pulled higher by newer, larger homes in other areas.
3. Why is the land area so much smaller than the city average?
The lot is smaller than typical for Weston and well below the Winnipeg average, but that's common for older homes on more established streets. This neighbourhood has tighter lots compared to newer suburbs. If you want a large yard, this wouldn't be the right fit. If you're fine with a compact outdoor space, it's consistent with the area.
4. What does the year built mean for maintenance or updates?
The house was built in 1912, which is typical for this street and older than most of Weston and the city. That means you should expect some original construction features and potentially older systems. It's not a red flag—many homes in the area are this age—but a good inspection is worth the money to understand what's been updated and what hasn't.
5. How should I interpret the ranking system?
The rankings compare this property to similar homes on the same street, in the same neighbourhood, and across the city. A higher rank (closer to #1) means the property outperforms more peers in that category—so a top 53% rank for assessed value on Alexander Avenue means it's slightly above half the homes on the street. The percentages are useful for seeing where this property stands relative to others, but they don't tell you anything about condition or desirability on their own.