Property Overview: 370 Alexander Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 2017-built, one-storey home in Centennial presents a distinct profile defined by its modern age and compact efficiency. Its primary appeal lies in being a nearly new construction in an established neighbourhood, offering move-in readiness with a renovated basement. The home is modest in scale, with a living area of 953 sqft situated on a smaller lot, making it a low-maintenance property.
The data reveals a compelling contrast: while the lot and living space are below average for the area, the year built is in the elite top 3-5% for Centennial. This suggests the home is a modern replacement on a mature street, offering contemporary systems and layout without the premium often attached to brand-new subdivisions. Its above-average assessed value for the immediate area indicates it is viewed as a substantial improvement relative to its older neighbours.
This property would suit first-time buyers, downsizers, or investors seeking a modern, efficient home without extensive yard work. It’s ideal for those who prioritize a newer building envelope, updated finishes, and a simpler footprint over expansive square footage or large outdoor space.
Section 2: Frequently Asked Questions
1. Is this a good value for a newer home?
Potentially. While the sale price per square foot may be higher than for an older, larger home on the same street, you are paying for the modern construction, energy efficiency, and reduced immediate need for renovations, which can offer long-term savings.
2. Why is the lot size so much smaller than the neighbourhood average?
This is common for newer infill constructions in established areas. The home was likely built on a subdivided or smaller original lot, maximizing land use in a mature neighbourhood. This results in a smaller yard but contributes to the home's lower-maintenance appeal.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the finishes or layout. This should be a key point of inquiry to determine if it is a finished living space, a modern utility area, or includes legal secondary suite potential.
4. How does the lack of a garage affect daily living and resale?
The absence of a garage is a trade-off for the modern home. Buyers should consider on-street parking availability, the feasibility of adding a carport or shed, and the local climate. For some, the newer building outweighs this; for others, it’s a significant drawback.
5. The assessed value seems low compared to the city-wide average. Why?
The city-wide average includes all property types and affluent areas, skewing the number. The more relevant figures are that this home’s assessment is above average for both its street and the Centennial neighbourhood, reflecting its relative modern value in that specific market context.