1382 Alexander Avenue – Property Summary
1. Key Characteristics & Buyer Profile
This is a compact, older home on a small lot in Winnipeg’s Weston area, with a 1908 build and 730 square feet of living space. Its assessed value sits at $152,000, which is roughly average for its street and neighbourhood, but well below the citywide median.
Where the appeal lies: The property offers an entry point into a mature neighbourhood at a price that undercuts most of the city. The assessed value suggests it is not overpriced relative to its immediate surroundings, even though the home itself is smaller and older than most. For a buyer focused on affordability over space, this avoids the premium often attached to newer or larger homes.
What type of buyer it would suit: Someone who values location and price over square footage—likely a first-time buyer, an investor looking for a lower-cost rental in an established area, or someone willing to take on a project. The small lot (2,125 sqft) and older construction mean limited outdoor space and probable need for updates, so it is not a fit for buyers seeking a turnkey family home or a large yard.
2. Frequently Asked Questions
1. How does the living area compare to other homes in Weston?
It is below average. The neighbourhood median is 936 sqft, and this home is 730 sqft. On its own street, it ranks near the bottom for size.
2. Why is the assessed value relatively low compared to the city average?
The citywide average assessed value for comparable homes is $390,100, more than double this property’s $152,000. That difference largely reflects the home’s smaller size, older age, and smaller lot—all of which rank poorly citywide. In the immediate neighbourhood, however, the value is typical.
3. What does the land area mean for practical use?
At 2,125 sqft, the lot is significantly smaller than both the street average (2,977 sqft) and the neighbourhood average (3,269 sqft). Expect a modest front and back yard with limited room for expansion, gardening, or outdoor entertaining.
4. Is the year built a concern?
The home was built in 1908, making it older than most in the area (average year built in Weston is 1937). Older homes can have charm and solid construction, but buyers should budget for potential updates to electrical, plumbing, insulation, and foundation work. A thorough inspection is recommended.
5. How does this property rank within Winnipeg as a whole?
Very low. It falls in the bottom 5% citywide for living area, the bottom 5% for year built, and the bottom 3% for lot size. Its assessed value is in the bottom 3% as well. This is not a home that competes on size or modernity—it competes on price and location within an established neighbourhood.