Property Overview & Key Characteristics
This 1903 two-and-a-half storey home in West Alexander offers a blend of historic charm and practical updates. Its key appeal lies in its generous proportions and established location. With 1,776 sqft of living space, it ranks in the top 10% of homes on its street for size, providing ample room. The lot is also notably spacious at 3,301 sqft. A significant, renovated basement adds valuable functional space. While the home itself is historic, its assessed value ranks highly within Winnipeg, suggesting a solid foundation relative to the broader market.
The property would suit a buyer looking for character and space over modern finishes, who appreciates being in a central, mature neighbourhood. It’s a practical choice for someone comfortable with the upkeep of an older home but who values the move-in readiness of a renovated basement. The data suggests it may appeal to those seeking a "value-add" opportunity in a well-sized home, where future updates could be made over time while enjoying the benefits of space and location now.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a home of this era typically means it has been finished into a usable living space, such as a family room, office, or additional bedroom, and includes modern insulation, flooring, and likely updated electrical.
2. How does the lack of a garage affect daily living?
This is common for central, historic neighbourhoods. Buyers should plan for street parking and consider the trade-off: you gain a large city lot and a central location but will need to manage without private, covered parking.
3. The home is 123 years old. What should I be prepared for?
Expect character details but also the potential for older systems (like plumbing or original windows) that may require attention. The high ranking for assessed value in the city is a positive sign, but a thorough inspection is essential to understand the condition of the structure and major components.
4. The living area ranks very high on the street, but the assessed value is mid-range. What does this indicate?
This often points to a home with great space and potential, where the interior condition or specific features may not be fully reflected in the official assessment. It can represent an opportunity for a buyer to add value through updates.
5. What is the neighbourhood like?
Located in West Alexander, it's a central, established community near the Exchange District. The listing shows interest in similar homes in both West Alexander and adjacent Daniel McIntyre, indicating it's a sought-after area for its proximity to downtown, character homes, and likely a mix of long-time residents and newer investors or renovators.