Property Summary: 1606 Alexander Avenue, Weston, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home built in 1914, situated on a notably large lot of over 2,100 square feet in Winnipeg's Weston neighbourhood. Its primary appeal lies in a combination of solid fundamentals and clear potential. The home itself features a renovated basement and a living area of 756 sq ft, which ranks well above average for Winnipeg. However, the standout feature is the land itself—the lot size places it in the top 1% of the city, offering rare space for expansion, gardening, or outdoor living in an established area.
The property suits two main types of buyers: first, the practical renovator or builder who sees the underlying value in the large, well-ranked lot and the solid structure of a century-old home, viewing it as a foundation for a personalized project. Second, it appeals to the value-conscious buyer seeking an entry into homeownership with a manageable footprint, where the renovated basement adds functional space and the excellent lot size provides a long-term advantage not found in newer subdivisions. A less obvious perspective is its strong positioning within its immediate context; while the home is over a century old, it ranks newer than half the houses on its own street and is assessed at a value significantly higher than most of its neighbours, suggesting it is a well-regarded property on the block.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture management, and legal compliance (e.g., egress, permits) should be verified through a viewing and inspection.
2. The assessed value seems low. What does this mean for property taxes?
A lower assessed value generally translates to lower municipal property taxes, which is a positive for ongoing holding costs. It's important to understand that assessed value for taxation is not the same as current market value.
3. With no garage, what are the parking options?
The property has no garage. Buyers should check the specific zoning and street bylaws for on-property driveway potential or designated street parking in front of the large lot.
4. How does the age of the home affect maintenance?
Built in 1914, the home will likely have character and sturdy construction but may also require updates to aging core systems like plumbing, electrical, or the foundation. A thorough inspection is essential.
5. The lot is large, but are there any restrictions on its use?
While the lot size is a major asset, its use is governed by local zoning bylaws. Before planning any additions, decks, or secondary suites, buyers should investigate allowable building coverage, setbacks, and permitted uses with the City.