933 Alexander Avenue

933 Alexander Avenue – Property Summary

Key Characteristics & Ideal Buyer Profile

This property is a 1,026-square-foot home built in 1903, located on Alexander Avenue in Winnipeg’s West Alexander neighbourhood. Its standout feature is the land: a 4,922-square-foot lot that ranks in the top 4% on the street and top 16% in the area—well above the neighbourhood average. The living area is roughly average for the street, and the assessed value of $159,000 is below both the street and neighbourhood averages, offering a price point that’s notably lower than many nearby homes. The home is older than most in the area, which may factor into maintenance expectations.

The appeal here lies in the lot size relative to the price. Buyers who value outdoor space—whether for gardening, parking, expansion, or simply having a larger yard than typical for the area—will find this property stands out. It may also appeal to investors or renovators looking for a home with good bones on a generous parcel in a central Winnipeg neighbourhood. That said, the older construction and below-average assessed value suggest the house itself may need updates, making it less suited to someone seeking a move-in-ready, low-maintenance property.

Frequently Asked Questions

1. How does the assessed value compare to similar homes on the street?
It’s below average: ranked #353 out of 608 homes on Alexander Avenue, with a street average of $184,300. Citywide, it’s in the bottom 96% of comparable properties.

2. Is the lot size unusually large for this area?
Yes. At 4,922 square feet, it’s 65% larger than the average lot on the street (2,977 sqft) and 37% larger than the neighbourhood average (3,591 sqft). It’s a notable selling point.

3. How old is the house, and what does that typically mean for condition?
Built in 1903, it’s older than 99% of comparable homes citywide and 89% on the street. Older homes often have character and solid framing, but may require updated wiring, plumbing, insulation, and roofing. A thorough inspection is advised.

4. What is the neighbourhood like, and who tends to live there?
West Alexander is an established, centrally located Winnipeg area with a mix of older houses and apartments. It’s close to downtown, transit, and the North End. Residents range from long-term owners to renters; the area has a more urban, lived-in feel than newer suburbs.

5. Could this property be a good investment or renovation project?
Potentially, given the below-average purchase price and above-average lot size. The land alone offers value for future development or expansion. However, the home’s age and modest living area mean renovation costs should be carefully weighed against resale value in the immediate area.