1110 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a brand-new home (built 2024) in the Weston area of Winnipeg, occupying a relatively modest land footprint but punching well above its weight in assessed value. The living area is 1,046 sq ft—slightly above the neighborhood average of 936 sq ft but below the citywide average of 1,342 sq ft. What stands out most is the assessed value: $329,000. That places it in the top 4% on Alexander Avenue and the top 2% in the broader Weston area, despite the property itself not being exceptionally large. The land area is on the smaller side—2,498 sq ft—ranking in the bottom half locally and bottom quarter citywide.
The appeal here is less about space and more about new construction in an older, established neighbourhood. Most homes on the street and in the area were built around 1937, so this property offers modern building standards, energy efficiency, and a clean slate that older homes typically can’t match. It would suit a buyer who prioritizes low-maintenance living and modern finishes over a large yard or sprawling square footage. First-time homeowners, downsizers, or investors looking for a turnkey rental in an area with strong value disparity (high assessed value relative to size) may find this property attractive. The combination of a new build in an older pocket of the city also has subtle appeal for someone who wants to avoid the compromises of a renovated older home—like knob-and-tube wiring, lead pipes, or settling foundations—without moving to a brand-new suburb.
Frequently Asked Questions
1. Why is the assessed value so high when the living area is only slightly above the neighborhood average?
The assessed value reflects more than just square footage. It factors in the year built (2024), modern construction materials, updated systems (HVAC, electrical, plumbing), and likely higher interior finishes. In a neighbourhood where the typical home is nearly 90 years old, a brand-new house commands a premium because it eliminates deferred maintenance and renovation costs.
2. The land area is small compared to other homes in Weston. Will that affect resale value?
It could, depending on the buyer pool. Many people in this area expect larger lots typical of older Winnipeg neighbourhoods. However, smaller lots often mean less yard maintenance—something that appeals to younger buyers and retirees. The resale value will hinge more on the condition and age of the home than the lot size in the short term, but the land-to-building ratio is something to be aware of if you plan to hold the property long-term.
3. How does this property compare to new builds in suburban developments?
The living area is smaller than what you’d typically get in a suburban new build at a similar price point. Suburban homes in this range often offer 1,200–1,400 sq ft on larger lots. The trade-off is location: Alexander Avenue is close to downtown, the river, and established amenities like shops and transit. You’re paying for infill convenience rather than raw square footage.
4. Is this property a good investment for rental income?
Potentially. Weston is an older, more affordable area with steady rental demand. A new build with modern finishes can command higher rent than the aging housing stock around it. The smaller lot means less exterior upkeep. The risk is that the assessed value is high relative to the area’s averages, which could compress the cap rate if purchase price reflects that premium.
5. What does “Top 1% for year built” actually mean for daily living?
It means you’re unlikely to face major structural or system failures for decades. New windows, insulation, roofing, and mechanicals mean lower utility bills and fewer emergency repairs. You’ll also avoid common older-home issues like drafty basements, outdated electrical panels, or asbestos. In a neighbourhood full of 1930s homes, this property offers a fundamentally different ownership experience—more predictable and less hands-on.