1321 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 560-square-foot home built in 1931, sitting on a 2,389-square-foot lot. It's a small, older property in Winnipeg's Weston area. The home's assessed value is $123,000, which is well below both the street and neighbourhood averages. Its appeal lies in affordability rather than space or modern construction. For buyers who are priced out of larger homes or newer builds, this property offers a low entry point into homeownership. It would suit someone comfortable with a compact floor plan, open to renovation or cosmetic updates, and not looking for a turnkey family home. The lot size is modest but typical for older Winnipeg infill. A buyer here is likely prioritizing location and price over square footage or curb appeal—someone who values owning over renting, or who sees potential in a smaller footprint. The data suggests this is not a property for those seeking space or contemporary finishes, but it may work for a minimalist, a first-time buyer, or an investor seeking a low-cost starter.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The home is 560 square feet, built in 1931, and located on a street where the average home is nearly twice its size. The lower value reflects the small living area and older construction compared to newer or larger properties across Winnipeg. The $123,000 figure is consistent with what similar-sized, older homes in the neighbourhood have been selling for.
2. How does the property’s condition compare to others in Weston?
The data does not include condition details, only size, year built, lot size, and value. However, the low assessed value and below-average rankings suggest it may need updates. It’s worth noting that older homes often require more maintenance than newer ones, so a home inspection is recommended.
3. Is the lot considered small or typical for the area?
At 2,389 square feet, the lot is slightly smaller than the street average (2,977 sqft) and well below the neighbourhood average (3,269 sqft). It's a compact city lot, typical of older Winnipeg homes on narrower streets. Not ideal for large gardens or additions, but manageable for a low-maintenance yard.
4. Could this be a good rental property?
Given the low purchase price and modest size, it could work as a rental if the unit is in decent shape and rents cover carrying costs. However, the small square footage limits rental income potential, and older homes often require more capital for repairs. It may suit a budget-conscious investor or someone willing to do light renovations to improve rentability.
5. How does this property compare to newer homes in Winnipeg?
It’s considerably older (1931 vs. 1966 city average), smaller (560 sqft vs. 1,342 sqft city average), and on a smaller lot. It will not appeal to buyers seeking modern open layouts or larger yards. Its appeal is purely financial: lower purchase price, lower taxes, and potentially lower utility costs in a smaller space. It’s a trade-off—affordability over space and newness.