1398 Alexander Avenue

1398 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This single-family home in Weston offers 1,080 square feet of living space on a 2,128-square-foot lot, built in 2005. Its standout feature is assessed value: at $262,000, it ranks in the top 13% on Alexander Avenue and top 9% across the broader Weston neighbourhood. That means the property carries a significantly higher valuation than most homes around it, despite having a living area that's only slightly above the street average and a land area that's well below typical lot sizes in the area.

The appeal here lies in the combination of a relatively new build (2005, versus an area average of 1937) and a compact, low-maintenance yard. The home is physically modest but holds its value strongly compared to the older, larger-lot houses nearby. This would suit a buyer who wants a newer, move-in-ready home without the upkeep of a big property—likely first-time buyers, downsizers, or investors looking for stable value in a central Winnipeg neighbourhood. It’s less suited to someone wanting a spacious yard or a fixer-upper with upside in square footage.

Frequently Asked Questions

1. How does the living space compare to other homes nearby?
The house is 1,080 sqft, which is a bit bigger than the typical home on Alexander Avenue (1,015 sqft average) and noticeably larger than the Weston average of 936 sqft. It ranks in the top third for the street and top quarter for the neighbourhood. Citywide, it falls below the average of 1,342 sqft, so it's a solid mid-range size locally.

2. Why is the assessed value higher than the average for this area, if the lot is so small?
Assessed value reflects a mix of factors: the home's age, condition, living area, and location, as well as recent sale prices of comparable homes. At 2005, this property is much newer than most in Weston (average build is 1937), and newer construction often commands a premium. The modest lot size seems to be offset by the home's modernity and overall condition, keeping the assessed value well above the street's $184,300 average.

3. How does the lot size affect usability and maintenance?
The lot is 2,128 sqft—smaller than 94% of homes on the street and 97% across Weston. For a buyer, that means less mowing, snow clearing, and general outdoor upkeep. You won't have room for a large garden, a big shed, or extensive landscaping, but the yard is manageable for a patio, small green space, or a couple of raised beds.

4. Is this property a good option for an investor?
Possibly. The high assessed value relative to the neighbourhood suggests the home holds its worth well, and at nearly 20 years old (built 2005) it's still young by local standards. Low-maintenance yards and newer builds tend to attract tenants who want fewer repairs. However, smaller lots and modest square footage may limit rent appeal for families seeking more space.

5. How does this home's year built compare to what's typical citywide in Winnipeg?
Citywide, the average year built for comparable homes is 1966. At 2005, this property is newer than 85% of homes across Winnipeg. That’s a practical advantage: you're less likely to deal with outdated electrical, plumbing, or structural issues common in older Winnipeg housing stock. The trade-off is that you won't have the historic character or large lot that many older homes offer.