737 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a smaller-than-average home on a compact lot in Winnipeg’s West Alexander neighbourhood. The property sits on a 2,151 sqft lot—well below both the street average (2,977 sqft) and the neighborhood average (3,591 sqft). Citywide, it ranks in the bottom 1% for land size. The assessed value of $79,000 is also significantly below local and city averages, reflecting both the modest scale of the property and the area’s market conditions. The home was built in a vintage typical of the street (1937 average) and the older neighbourhood (1921 average).

Where the appeal lies: The main draw here is affordability. This property offers an entry point into a central Winnipeg neighbourhood at a price point far below citywide norms. For a buyer who values location over square footage or yard space, this could represent a rare opportunity to own rather than rent in an established area. The low assessed value may also mean lower property taxes compared to newer or larger homes nearby.

Who it suits: First-time buyers with limited budgets who are willing to accept a smaller home and lot. Investors looking for a low-cost entry into the market, possibly for a rental or flip. Anyone prioritizing urban proximity over space—West Alexander is close to downtown, the Exchange District, and major amenities. It’s less suited for families wanting room to grow, or anyone who values a large private yard or a newer build.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $79,000 is well below the street average of $184,300 and the neighborhood average of $187,300. Citywide, comparable homes average $390,100. This places the property in the bottom 1% citywide for assessed value, indicating it’s one of the most affordable options in Winnipeg.

2. The lot seems small. Is that typical for this street?
Not typical for the street—the average lot on Alexander Avenue is 2,977 sqft, while this one is 2,151 sqft. It’s also smaller than the neighborhood average of 3,591 sqft and far below the citywide average of 6,570 sqft. You’re getting less land than most nearby properties, which is a trade-off for the lower price.

3. Is the age of the home a concern?
The home was likely built around the 1930s, consistent with the street and area averages. Older homes can offer character and solid construction, but buyers should budget for potential updates to electrical, plumbing, insulation, and windows. A pre-purchase inspection is recommended.

4. What does the ranking data actually tell me?
The rankings compare this property to similar homes within the same street, neighbourhood, and city. A low rank (e.g., #511 out of 608 for land on the street) means most comparable homes have more land. The “Top X%” shows where it falls: 84% of street-level comparables have larger lots. The same logic applies to assessed value and living area. These rankings help you see exactly where this property fits against its peers.

5. Should I look at the neighbourhood map analysis?
If you want to see how this property stacks up against specific nearby houses—comparing lot size, year built, living area, and assessed value side by side—the neighbourhood map tool is useful. It gives a visual sense of what’s around you, which can be more revealing than averages alone.