714 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,047-square-foot home built in 1983 on a 2,589-square-foot lot in Winnipeg’s West Alexander neighbourhood. What stands out here is not square footage or lot size—both are below neighbourhood and city averages—but rather the assessed value and construction year relative to the street.
The property ranks in the top 28% for assessed value on Alexander Avenue, meaning it’s priced above most comparable homes on the same street. That’s partly because it’s newer than many neighbouring properties: the street average build year is 1937, while this home was built in 1983, putting it in the top 18% for age on the street and the top 6% within the neighbourhood.
Its appeal is subtle. Buyers aren’t getting a large lot or a spacious interior by city standards. Instead, they’re getting a home that likely requires less structural updating than older stock in the area, with an assessment that reflects that relative newness. The lot is modest but typical for the street; the living area is essentially average for the block.
This property would suit a buyer who values a newer build over space—someone who prioritizes lower maintenance and modern construction over a larger footprint or yard. It could also appeal to someone looking for entry-level ownership in a central Winnipeg neighbourhood where older homes dominate, and finding something built after the 1970s is uncommon. Investors might look at it as a lower-risk hold: the assessment suggests the market already prices in its condition relative to the street.
Five Possible FAQs
1. How does this home compare to others on Alexander Avenue?
On this street, the home is above average for assessed value and newer than most, but roughly average for living area and lot size. It’s not an outlier, but it does stand out for its age, which gives it an edge in condition compared to the much older median home on the block.
2. Why is the lot size ranked low citywide but only average on the street?
C Winnipeg citywide, the average lot for comparable homes is 6,570 square feet—much larger than this property’s 2,589. But on Alexander Avenue itself, the average is 2,977, so this lot is very close to the norm for the street. The citywide ranking reflects how small lots are in this area relative to the rest of Winnipeg.
3. Is the assessed value of $204,000 a good deal?
Compared to the street average of $184,300, this property is assessed above the norm. But citywide, the average for comparable homes is $390,100, so it’s well below that. Whether it’s a good deal depends on what you’re looking for: you’re paying a premium for a newer home in an older area, but the overall price remains lower than most of the city.
4. What does the “top 6% in the neighbourhood” for build year actually mean?
Of 772 comparable homes in West Alexander, only 50 are newer than this one. That means the vast majority of nearby houses were built before 1983. If you’re concerned about old wiring, outdated plumbing, or foundation issues common in pre-war homes, this property likely avoids those problems.
5. Is the living area too small for a family?
At 1,047 square feet, it’s compact—close to the street average of 1,015. It may work for a small family or a couple, but it’s not spacious by modern standards. The trade-off is that the home is newer, so the layout and finishes may be more functional than an older home of the same size.