739 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a historic home built in 1883, located on Alexander Avenue in Winnipeg’s West Alexander neighbourhood. The property offers 1,411 sq. ft. of living space, which is notably larger than the street average (1,015 sq. ft.) and places it in the top 8% of homes on the block. However, the lot size is modest at 2,151 sq. ft.—well below street, neighbourhood, and city medians. The assessed value of $124,000 is significantly lower than comparables across all levels (street, neighbourhood, and citywide), which may reflect the home’s age and condition rather than location.
What stands out here is the imbalance: you get above-average interior square footage at a below-average price, on a road where most homes are smaller but valued higher. The property ranks in the 85th percentile or worse for value, age, and lot size among similar homes citywide. That suggests it may appeal to someone who prioritizes indoor space over land and who sees potential in an older building rather than wanting a newer, move-in-ready home.
This would suit a buyer comfortable with a renovation or restoration project—particularly someone who values character and central location over a high-end finish. It may also appeal to investors looking for a below-market entry point in an older Winnipeg neighbourhood, provided they factor in the age and lot constraints.
Frequently Asked Questions
1. Why is the assessed value so low compared to other homes on this street?
The assessed value is $124,000, ranking in the bottom 15% on Alexander Avenue. This likely relates to the home’s age (1883) and condition, as well as the small lot. Unlike newer or updated homes nearby, this property hasn’t kept pace with rising assessments in the area.
2. How does the living space compare to other homes in West Alexander?
This home is actually larger than the neighbourhood average—1,411 sq. ft. vs. 1,299 sq. ft.—and ranks in the top 37% locally. On its own street, it’s in the top 8%, making it one of the bigger interiors relative to its immediate neighbours.
3. Is the lot size a problem for typical use?
At 2,151 sq. ft., the lot is significantly smaller than the neighbourhood average (3,591 sq. ft.) and well below citywide norms. This is a compact city lot. It limits what you can do in terms of additions, garages, or large gardens, but it also means less maintenance—something a buyer might see as a trade-off for lower cost.
4. What does “built in 1883” mean practically for a buyer?
It’s one of the oldest homes on the street (top 98th percentile for age). That likely means original construction materials, potential for outdated systems, and possibly heritage considerations. A thorough inspection is essential. Some buyers see this as a plus for character; others see it as a liability.
5. How does this property compare to the Winnipeg market overall?
Citywide, this home ranks near the very bottom for assessed value (99th percentile lowest) and lot size (99th percentile smallest), while sitting around average for living space (top 35%). It’s an outlier—offering more interior space for much less money than typical Winnipeg homes, but with significant trade-offs in age, lot size, and likely condition.