1279 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,296 sqft home on Alexander Avenue in the Weston neighbourhood of Winnipeg was built in 1894 and sits on a 3,125 sqft lot. Its current assessed value is $169,000.
The property’s main appeal is its size relative to its price. The living area is noticeably generous for both the street (top 14%) and the neighbourhood (top 9%), while the assessed value sits around average for the immediate area but well below the citywide norm. That means you get more interior space than most nearby homes without paying a premium for it. The land is also slightly above the street average but below citywide medians, so the yard is usable without being oversized.
The trade-off is age. At 1894, this is one of the older buildings on the street and in the area. Buyers should expect character features and possibly outdated systems, depending on updates. This home suits someone who values square footage and a central location over a modern, move-in-ready finish. First-time buyers looking for more space per dollar, or renovators who are comfortable working with an older structure, would find this property worth a close look. It also appeals to investors seeking a lower-cost entry into an established neighbourhood where land values are relatively moderate.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On Alexander Avenue, the $169,000 assessment is slightly below the street average of $184,300. It’s also slightly below the Weston neighbourhood average. Citywide, it falls well below the median, ranking in the bottom 5% for value. This reflects the age of the home more than its size or condition.
2. Is the lot size typical for the area?
Roughly. The 3,125 sqft lot is a bit larger than the street average (2,977 sqft) and sits in the top third of properties on Alexander Avenue. Compared to Weston as a whole, it’s slightly below average. Citywide, it’s small—about half the median lot size.
3. What does the 1894 build year mean practically?
You can expect original layout details like smaller rooms, thicker walls, and likely outdated insulation and wiring. The home may have been updated over time, but any 130-year-old building will require ongoing maintenance. Buyers should budget for potential system upgrades.
4. Why is the assessed value so low compared to the city average?
Primarily because of the home’s age and location. The assessment reflects market value relative to comparable properties. Older homes in less centrally redeveloped neighbourhoods tend to carry lower valuations than newer builds in growing suburbs, even if the living area is similar.
5. Who typically buys in this price and size range on Alexander Avenue?
Common buyers include first-timers wanting more square footage than a condo or starter bungalow, landlords looking for affordable rental stock in an established area, and renovators who see potential in an older home at a below-average citywide price.