1307 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1926-built home with 1,030 sqft of living space on a 2,500 sqft lot. Its assessed value is $155k. Compared to other homes on Alexander Avenue, the property sits right around the middle of the pack—neither notably large nor small, neither cheap nor expensive for the street. The living area is slightly above the street average (1,015 sqft) and well above the Weston neighbourhood average (936 sqft), but well below the citywide average of 1,342 sqft. The lot is smaller than most in the area, and the assessed value falls in the bottom 3% citywide. The year built is typical for the street and neighbourhood, though the home is older than roughly 85% of properties across Winnipeg.
The appeal here is straightforward: this is an entry-level property in a central Winnipeg neighbourhood (Weston) that offers reasonable space for the price relative to its immediate surroundings. It’s not a standout by any metric—it’s a modest, older home on a compact lot. That makes it suitable for first-time buyers, investors looking for a lower-cost rental or flip with limited land value, or anyone who prioritizes affordability over square footage or yard space. Buyers should be comfortable with an older home (pre-war construction) and the maintenance that comes with it, as well as a smaller outdoor area. The low citywide ranking for value and land size means this property is priced well below most of the market, which could be a strategic entry point for buyers priced out of larger or newer homes.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On Alexander Avenue, the assessed value of $155k is below the street average of $184.3k (ranked in the top 61%, meaning about 60% of homes on the street have lower assessed values). In the Weston neighbourhood, it’s also slightly below the $184.7k average. Citywide, it’s in the bottom 3%—very low compared to the $390.1k city average.
2. Is the living space considered small or average?
The 1,030 sqft is slightly above the Alexander Avenue average (1,015 sqft) and the Weston neighbourhood average (936 sqft), but below the citywide average of 1,342 sqft. So it’s typical for this street and area, but undersized relative to the rest of Winnipeg.
3. What does the land size mean for potential development or outdoor use?
The 2,500 sqft lot is below average on the street (2,977 sqft) and well below the Weston and citywide averages (3,269 and 6,570 sqft, respectively). The lot ranks in the bottom quartile for Weston and bottom 5% citywide. This likely means limited backyard space, and any additions or expansions would be constrained by lot size and zoning. It’s not a property you’d buy for land-banking or future subdivision.
4. How old is the house, and is that a concern?
Built in 1926, the house is older than most in the city (top 85% citywide ranks by year built, meaning newer homes outrank it). It’s around the median age for Alexander Avenue and Weston. With a home this age, expect older systems (plumbing, electrical, possibly knob-and-tube or lead pipes), potential foundation issues, and likely outdated insulation. A thorough home inspection is strongly recommended. On the plus side, pre-war construction often means solid framing and materials.
5. What type of buyer typically goes for a property like this?
First-time buyers looking for an affordable entry into homeownership, especially if they don’t need a large yard. Also investors seeking low-cost rental properties in a central neighbourhood, or flippers comfortable with older homes who can add value through renovations. It’s less suited for families needing multiple bedrooms or large outdoor space, or buyers looking for a turnkey modern home.