747 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact home built in 1905 with 765 square feet of living space on a 2,151-square-foot lot. Across all categories—size, age, assessed value, and lot dimensions—the property ranks below average compared to others on its street, in the West Alexander neighbourhood, and citywide. The assessed value of $121,000 is notably low, sitting at the bottom 1% of comparable homes across Winnipeg. The lot and living area are both smaller than typical for the area, and while the home’s age (1905) is close to the neighbourhood average, it is older than much of the city.
Where the appeal lies: This is not a property that competes on space or modern finishes. Its primary draw is likely affordability and price point. For someone looking to enter the market with a lower-cost option in an older, established central neighbourhood, this could be a practical starting point. The low assessed value may translate to lower property taxes and a more accessible purchase price relative to other Winnipeg homes.
What type of buyer it would suit: First-time buyers with limited budgets, investors looking for a lower-cost entry into the West Alexander area, or buyers who prioritize location and lot potential over square footage. It may also appeal to someone willing to take on a fixer-upper or renovation project, given the home’s age and below-average rankings—though that is speculative. The property is less suited to families needing space or buyers seeking a move-in-ready home with modern dimensions.
Five Possible FAQs
1. How does the lot size compare to other homes in the area?
The lot is 2,151 square feet, which is smaller than the street average of 2,977 sq ft and well below the neighbourhood average of 3,591 sq ft. Citywide, it ranks in the bottom 1% for lot size among comparable homes.
2. Is the assessed value of $121,000 accurate for tax purposes?
That figure is the current assessed value from the data provided. It ranks below average on the street (87th percentile) and well below the citywide average of $390,100. Your municipal property taxes would be based on this assessed value, but you should confirm with local authorities for the exact calculation.
3. How does the age of the home (1905) affect its condition or maintenance?
The home is older than most on the street and citywide. Its age is close to the neighbourhood average (1921), so it’s typical for West Alexander. Older homes often require more upkeep—especially plumbing, wiring, and foundation work—but this varies by individual property condition, which isn’t detailed here.
4. Why does the property rank “below average” in almost every category?
The rankings compare this home to others with similar characteristics (living area, lot size, age, value) within its street, neighbourhood, and city. For example, the living area is below 77% of homes on the same street, and the lot size is below 99% citywide. This means the property is consistently smaller and less valuable than most comparable homes.
5. What does “comparable homes” mean in these rankings?
The data compares this property to other homes of a similar type or classification within each geographic level. It’s not a direct comparison to every single house—just those deemed comparable by the ranking system. This is noted to avoid overinterpretation; your specific property may differ from the averages shown.