Key Characteristics & Appeal
This 1,050-square-foot home on Alexander Avenue sits on a 2,424-square-foot lot. Built in 1905, it’s older than most surrounding properties—both on the street and across the city. Its assessed value is $168,000, notably low compared to the Winnipeg average of $390,000.
The appeal here is straightforward: you’re getting a pre-war home at a below-average price point. While the building itself is dated, the living space is slightly larger than typical homes in the Weston neighbourhood (where the average is 936 sq ft), and it ranks in the top third of that area for square footage. The lot, however, is on the small side, especially by city standards.
This property would suit a buyer who’s comfortable with an older home and is looking for an entry point into an established inner-city neighbourhood—someone who sees value in a lower purchase price and is willing to put in work on maintenance or upgrades over time. It’s less suited to someone seeking a turnkey property, a large yard, or long-term resale advantage based on land size.
Frequently Asked Questions
1. How does the property’s value compare to others in Weston?
The assessed value of $168,000 is close to the neighbourhood average of $185,000, putting it in the middle of the pack for this area. It’s well below the citywide average, which reflects both the home’s age and the lot size.
2. Is the house small by local standards?
Not really. Inside, it’s slightly above average for the neighbourhood (1,050 sq ft vs. 936 sq ft) and comparable to others on the same street. The lot, however, is smaller than most in the community and citywide.
3. What’s the risk with a home built in 1905?
An older home often means aging systems—plumbing, electrical, foundation, insulation. You’ll want a thorough inspection. That said, many century-old homes in Winnipeg have been updated over the years, so it’s worth checking what’s original and what’s been replaced.
4. Would this be a good investment property?
Potentially. The low purchase price relative to the city average could mean lower entry costs and mortgage payments. But the small lot and older structure may limit appreciation. It could work as a rental or starter home, but not as a land-banking play.
5. How does “assessed value” relate to market price?
Assessed value is used for property tax calculations and often lags behind market conditions. In a hot market, the sale price could be higher than $168,000. In a cooler one, it might be close. It’s a useful benchmark, not a firm price tag.