1220 Alexander Avenue – Property Summary

Key Characteristics and Buyer Profile

This is a 1,028 sqft home built in 1946 on a 4,090 sqft lot, located in the Weston neighbourhood of Winnipeg. Its assessed value is $207,000. What stands out here is the lot size. Relative to other homes on Alexander Avenue, this property ranks in the top 18% for lot size—well above the street average of 2,977 sqft. The assessed value also runs above average for both the street and the neighbourhood (top 27% in both cases), which suggests the land is carrying meaningful weight in the valuation. The living area, by contrast, is roughly average for the street and neighbourhood, but below the citywide average. The home was built in 1946, which is typical for Weston but older than the citywide median of 1966.

The appeal here is not a turnkey modern interior or a downtown-adjacent location. It’s a solid, mid-century home on a notably generous lot in a well-established neighbourhood where similar properties tend to have less land. That makes this property more interesting for buyers who value outdoor space, garden potential, or future expansion possibilities over square footage inside. It would suit someone who sees the lot as the primary asset—whether for a family who wants yard room, a buyer open to renovations, or someone considering a long-term hold in an area where larger lots are becoming scarcer.

FAQs

1. How does this property compare to others in Weston?
It sits slightly above the neighbourhood average for assessed value and lot size, while living area and build year are in line with the local median. That means you’re getting more land than most nearby homes, without paying a premium for extra interior space.

2. Is the assessed value of $207,000 realistic, or should I expect it to change?
The assessed value is above both the street and neighbourhood averages, which indicates the market has already factored in the lot’s advantage. That said, assessments lag market conditions. If you’re financing, it’s worth noting this is a data point, not a guarantee of sale price.

3. What does “built in 1946” mean in practical terms?
You’re looking at a home with mid-century construction. That can mean solid framing and larger lot sizes, but also older systems (electrical, plumbing, insulation) that may need updating. It’s not a “fixer” by default, but a pre-purchase inspection is wise to understand what’s original.

4. Would this property work for an addition or a laneway suite?
The 4,090 sqft lot is well above average for the street and neighbourhood, so there is physical room. Whether you can build depends entirely on zoning, setbacks, and city regulations. A buyer with expansion in mind should verify permitted uses with the City of Winnipeg before committing.

5. Why is the living area below the citywide average but the value above the neighbourhood average?
Living area is just one factor. In this case, the larger lot and the relative scarcity of big lots in Weston are likely driving the assessed value higher than what interior square footage alone would suggest. Citywide averages include newer, larger suburban homes, which skew the comparison.