Property Overview
442 Alexander Avenue is a two-storey home in Winnipeg's Centennial neighbourhood, built in 1972. It sits on a 1,597 sqft lot and offers 892 sqft of living space. The home features a renovated basement and does not include a garage or pool. It last sold in February 2021 for $140,000 and currently holds an assessed value of $16,100.
Key Characteristics & Buyer Appeal
This property’s primary appeal lies in its efficiency and relative modernity within its context. Built in 1972, it is a newer construction compared to many century-old homes in the Centennial area, which may appeal to those seeking a home with potentially fewer legacy maintenance issues. The renovated basement adds functional living space. Its compact size and efficient layout suit first-time homebuyers, downsizers, or investors looking for an affordable entry into the Winnipeg market. The below-average lot size for the area translates to less exterior upkeep, a practical advantage for those with busy lifestyles or who prefer low-maintenance living.
A more nuanced perspective is its value proposition within the streetscape. While its living area and lot size are modest compared to neighbourhood averages, this also means a lower price point and tax assessment. It represents a pragmatic choice for buyers whose priority is financial accessibility and a solid, updated foundation over sheer space.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The current assessed value is $16,100, which is significantly lower than the 2021 sale price of $140,000. It’s important to consult with a real estate professional to understand current market value, as assessed value for tax purposes often differs from fair market value.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, quality of finishes, and whether it includes added bedrooms, a legal suite, or simply finished living space.
3. Is the lack of a garage a major concern?
The home has no garage. This is common for many older Winnipeg neighbourhoods. Buyers should consider on-street parking availability, the potential to add a shed for storage, and their personal vehicle needs, especially during winter.
4. How does the smaller lot size affect me?
At 1,597 sqft, the lot is smaller than most in Centennial. This limits expansive gardening or large outdoor recreation space but reduces yard work and may foster a sense of community closeness with neighbours.
5. The home is described as "around average" for the street but "below average" for the neighbourhood. What does this mean?
This statistical comparison shows the home is more typical in size and value when compared only to its immediate neighbours on Alexander Avenue. However, when compared to the broader Centennial neighbourhood, which includes larger properties, it falls on the more modest end of the spectrum. This highlights the micro-neighbourhood variation within a larger area.