Property Summary: 1948 Alexander Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Brooklands presents a compelling mix of modern convenience and value. Its standout feature is its age: built in 2018, it is a significantly newer construction than almost all homes on its street and in the wider neighbourhood, ranking in the top 3-7% for year built. This suggests minimal immediate repair costs and modern building standards. The living space is generous for the area at 1,353 sq ft, offering more room than most nearby comparables.
The appeal lies in this "new-build" advantage within an established, typically older community. It suits first-time buyers or practical investors seeking a move-in-ready property without the concerns of an aging structure. The lot size is average for the street but smaller than the city norm, indicating a lower-maintenance yard—a plus for those wanting a home without extensive outdoor upkeep. The strong assessed and recent sale values, which are well above local averages, reflect its desirability and suggest a solid history of value retention in its immediate context.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Year Built actually mean?
It means this 2018-built home is newer than approximately 97% of all homes on Alexander Avenue and 96% of homes across Winnipeg, making it a rare, modern property in a landscape of much older housing stock.
2. Is the smaller lot size a disadvantage?
It depends on your priorities. While the land area is below the city average, it is around average for the specific street. This typically translates to less yard maintenance, which can be a practical benefit for busy homeowners or investors.
3. Who would this property not be suitable for?
Buyers looking for a large, sprawling yard, those seeking a historic character home, or anyone requiring a garage (as the listing notes "Garage: None") might find other properties more suitable.
4. The assessed value seems low compared to the sale price. Why?
Municipal assessed values for tax purposes often lag behind market sale prices and are calculated using a specific formula. The more relevant data point is the home's consistent sale price ranking in the top tier of its immediate area, indicating strong market demand.
5. What is the significance of the unfinished basement?
The basement exists but is not renovated, which is a key detail. This presents both a cost (it would require investment to finish) and an opportunity (it allows a new owner to customize the space to their needs, adding significant potential living area).