1567 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1912-built home with 1,000 sq ft of living space on a 2,423 sq ft lot. Its assessed value for tax purposes is $204,000.
The property sits in the Weston area of Winnipeg. Compared to other homes on Alexander Avenue, it’s around average in size, slightly older, and valued a bit above the street median. Within the broader Weston neighbourhood, the lot is smaller than typical, but the living space and assessed value are both above the local average.
The appeal here is straightforward: it’s a modest, older home in a long-established area, with an assessed value that reflects its age and size rather than any recent upgrades. For a buyer who wants a functional, no-frills house on a manageable lot—and who isn’t looking for space or land to expand—this could be a good fit. It would also suit someone comfortable with an older property’s character and potential maintenance needs, or a buyer priced out of the city’s more expensive neighbourhoods. The home is not likely to appeal to those seeking a large yard, a modern layout, or strong resale upside in the near term.
Frequently Asked Questions (FAQs)
1. How does this property compare to other homes in Winnipeg?
It’s below average for both living space and lot size citywide, and the assessed value is significantly lower than the Winnipeg median ($390,000). The home is also considerably older than the average Winnipeg house (built 1966).
2. What does the “assessed value” actually mean for a buyer?
The assessed value ($204,000) is used to calculate property taxes. It’s not the same as market price, but it often gives a rough sense of where a property sits relative to others tax-wise. In this case, the low citywide rank (bottom 9%) suggests relatively modest property taxes compared to most Winnipeg homes.
3. Is the small lot a problem?
It depends on what you want. The lot is smaller than the Weston neighbourhood average and well below the city average. If you’re after outdoor space, gardening, or room for additions, this won’t work. If you want less upkeep and a more manageable footprint, it could be a plus.
4. How much work might an older home like this need?
Homes built in 1912 can have older electrical, plumbing, and insulation, and may contain materials like lead paint or asbestos. Age alone doesn’t tell you the condition, but it’s wise to expect some deferred maintenance. A thorough inspection is strongly recommended before purchase.
5. Why is the assessed value above the street and neighbourhood averages but low citywide?
The street and neighbourhood medians are also relatively low compared to the rest of Winnipeg. So this home looks average or slightly above in its immediate area, but the citywide comparison reflects that both Alexander Avenue and Weston are lower-value areas overall.