Key Characteristics and Buyer Profile
This 1,128 sqft home on Alexander Avenue in the Weston area of Winnipeg offers a few distinct strengths, but also clear trade-offs. Built in 1905, it has the kind of character that comes with an older home, though it qualifies as significantly older than most properties on its street, in its neighbourhood, and across the city. The living space is a notable plus: it is larger than the average home on the same street (1,015 sqft) and well above the Weston average (936 sqft). The assessed value of $215,000 sits above both the street and community averages, which suggests the home holds its value relative to nearby properties. However, the land is quite compact at 2,128 sqft—much smaller than typical for the area, and in the bottom percentile city-wide. City-wide comparisons also show the assessed value is well below the Winnipeg average of $390,000, reflecting a more affordable price point relative to the broader market.
The appeal here is largely about getting more interior square footage for the money in an older, established neighbourhood, rather than land or a modern build. The home suits buyers who value indoor living space over yard size, and who are comfortable with or specifically looking for a century home with its quirks and maintenance realities. It is less suited to those who want a large lot, a newer structure, or a property that compares favourably on land area. First-time buyers or investors focused on livable square footage at a lower city-wide price point will likely find it most compelling.
Five Possible FAQs
1. How does the land size compare to other properties?
The lot is 2,128 sqft, which is smaller than average for both the street (2,977 sqft) and the Weston neighbourhood (3,269 sqft). City-wide, it falls in the bottom 1% of properties. If outdoor space is a priority, this is a clear limitation.
2. Is the assessed value in line with the local market?
The assessed value of $215,000 is above both the street average ($184,000) and the Weston average ($185,000), meaning it is on the higher side locally. However, it is well below the city-wide average of $390,000, so it represents a lower-cost option when compared to Winnipeg as a whole.
3. What does the age of the home mean practically?
Built in 1905, this home is older than nearly all properties on Alexander Avenue and in Weston (where the average build year is 1937). Prospective buyers should expect the typical considerations of a century home: possible knob-and-tube wiring, older plumbing, less insulation, and a need for ongoing maintenance. It may appeal to those who appreciate historic character but requires a realistic approach to upkeep.
4. How does this property’s ranking data help me decide?
The rankings are relative comparisons within the street, neighbourhood, and city. For example, the home ranks in the top 28% on its street for living area, but in the bottom 94% for land area. This allows you to see at a glance where the property excels and where it falls short, relative to homes nearby and across Winnipeg.
5. What type of buyer would this home best suit?
It suits buyers who prioritise interior square footage and affordability in an older, established neighbourhood, and who are not concerned about having a small lot. Buyers who want a newer home or a large yard should look elsewhere. It could also appeal to someone who values walkable, older urban areas over newer subdivisions.