Property Summary: 1120 Alexander Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Weston offers a compelling blend of space, location, and value. Its key characteristic is its generous 2,016 sqft living area, which ranks in the top 1% for size on its street and in the neighbourhood. This is situated on a large, nearly 5,000 sqft lot, also ranking highly for area. The home, built in 1959, is newer than many in the area and comes with a detached garage and a full basement (noted as unrenovated).
The appeal lies in its rarity as a spacious family home in an established community at a value-oriented price point, as reflected in its municipal assessment. It suits buyers looking for a "blank canvas" property—specifically, those who want ample room to grow or customize without paying a premium for a recent renovation. It's ideal for handy homeowners or investors who see potential in the existing structure and are comfortable taking on a basement project. A less obvious perspective is its appeal to multi-generational families; the large lot and square footage offer future potential for additions or separate suites, subject to zoning.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement is unfinished or in its original state. Buyers should budget for potential updates to make it a comfortable living or storage space, and a professional inspection is advised to assess its condition.
2. How significant is the lot size?
At 4,997 sqft, the lot is well above average for the area. This provides excellent outdoor space for families, gardening, or pets, and offers greater privacy and future expansion potential than many neighbouring properties.
3. The home sold for $360k in 2016 but is assessed at $37.3k. Why the huge difference?
The $37.3k figure is the municipal assessed value for taxation purposes, which in Manitoba is often a fraction of a property's likely market value. The 2016 sale price of $360k is a more relevant, though dated, indicator of its actual market worth.
4. Who is the typical buyer in the Weston neighbourhood?
Weston attracts a mix of first-time homeowners, value-seeking families, and investors drawn to its affordability and community feel. This particular property, given its size, would especially attract families or buyers planning a long-term hold.
5. How does this home compare to nearby properties?
The data shows this home is notably larger and sits on a bigger lot than most direct neighbours and comparable listings in adjacent areas like West Alexander. It represents a more substantial property footprint, which is its primary competitive advantage.