Property Overview & Appeal
This one-storey home on Alexander Avenue in Winnipeg's Weston neighborhood presents a unique blend of historic character and modern updates. Its key appeal lies in its balance: it offers a renovated basement and a larger-than-average lot for the area (3,124 sq ft), ranking in the top third of its street for land size. Built in 1902, the home itself is compact at 864 sq ft of living space. The recent sale history and current assessed value are closely aligned, suggesting a stable market perception.
The property would suit a first-time buyer or an investor looking for a character home with one of the oldest foundations in the city—it ranks in the top 1% for year built in Winnipeg, indicating rare historic provenance. Its appeal is practical for those who value outdoor space over extensive interior square footage and for someone who appreciates a home where major renovation work (the basement) is already completed. A less obvious perspective is its potential as a long-term hold in a neighborhood with many heritage properties, where the value of a well-maintained older home on a sizable lot may appreciate as the area evolves.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, legal compliance, or moisture control are not provided. This would be a key area for inspection and inquiry with the seller.
2. How does the age of the home affect insurance and maintenance?
Built in 1902, this is a heritage-era home. While charming, it may come with higher insurance premiums and require a proactive maintenance plan for older plumbing, electrical systems (unless updated), and the foundation, despite the renovated basement.
3. The lot is large, but how is the outdoor space configured?
At 3,124 sq ft, the lot is a standout feature. Buyers should investigate how much is usable yard space versus taken up by the detached garage, driveways, or neighboring structures, and whether there are any easements.
4. How does the living area compare to nearby homes?
At 864 sq ft, the living area is smaller than some direct neighbors (see comparable listings like 1292 Alexander at 1,376 sq ft). This highlights a trade-off: you're acquiring a larger lot and historic home, but with more compact interior living space.
5. What is the significance of the assessed value versus the last sale price?
The assessed value is $21.20k and it last sold for $21.60k in late 2020. The close alignment suggests the market and city assessment see consistent value, but it does not dictate the current listing or sale price, which will be influenced by present market conditions.