1583 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This 2020-built home on Alexander Avenue stands out for its strong value relative to its immediate surroundings. The assessed value of $333,000 is significantly above both the street average ($184,300) and the neighbourhood average ($184,700), ranking in the top 4% and 2% respectively. The living area of 1,407 square feet is also well above local norms, placing it in the top 8% on the street and top 5% in the Weston neighbourhood.
What’s interesting here is the contrast between local and citywide rankings. While the home is a standout in its immediate area—where many homes are older, smaller, and assessed much lower—it becomes roughly average when compared across all of Winnipeg. The lot is on the smaller side, especially by city standards, at 2,422 square feet. This is not a property that trades on land size, but rather on a newer, more spacious structure in a neighbourhood where that combination is rare.
The appeal lies in buying a nearly new home (built 2020) in an established area where most housing stock dates to 1937 or earlier. You’re getting modern construction, larger interior space, and a relatively low property tax base compared to similarly priced new builds in newer suburban developments. The home suits buyers who want a move-in-ready property with good local value, and who are comfortable with a modest lot in an older, character-rich neighbourhood rather than a sprawling yard on the outskirts of the city.
Frequently Asked Questions
1. Why is the assessed value so much higher than the street average, but only average citywide?
The street and neighbourhood averages are pulled down by many older, smaller homes in the Weston area. Your assessment of $333,000 far exceeds their typical $184,000, so you rank very high locally. Across Winnipeg, new homes and larger properties in different areas push the citywide average up to $390,000, placing this property in the middle of the pack.
2. Is the small lot a concern for resale?
It depends on the buyer. In Weston, lot sizes are already modest—the neighbourhood average is only 3,269 square feet—so this home is not unusual for the area. Buyers looking for a large yard or future expansion space may find it limiting, but the newer house and bigger interior square footage often matter more to local buyers than lot size.
3. How does a 2020 build compare to the rest of the street?
The overwhelming majority of homes on Alexander Avenue were built around 1937. A 2020 build is extremely rare here (top 2% for year built). This means better insulation, modern electrical and plumbing, and generally lower immediate maintenance costs than almost every other house on the street.
4. Does “top 5% in the neighbourhood” mean this is one of the biggest houses in Weston?
For living area, yes. Most homes in the area average 936 square feet. At 1,407 square feet, this property offers roughly 50% more interior space than the typical Weston home. It should be a clear standout in terms of room size and layout flexibility.
5. What would a typical buyer in this price range get elsewhere in Winnipeg?
For around $333,000 citywide, you might find a slightly larger lot or a home in a newer subdivision, but you would often sacrifice square footage or get a home from the 1970s or 80s. This property offers a newer, larger home in an older, more central neighbourhood—a trade-off of lot size for build quality and interior space.