1427 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 968 sqft home built in 1909, located on Alexander Avenue in Winnipeg’s Weston neighbourhood. Its standout feature is the lot: at 2,909 sqft, it’s slightly smaller than the street average but still ranks in the top 35% on the street—meaning many nearby properties sit on even less land. The assessed value of $173,000 is close to both the street and neighbourhood averages, but well below the citywide median of $390,100, reflecting that this is an affordable, older part of town.
The appeal here is straightforward: you’re getting a modest, older home in a solidly middle-tier neighbourhood at a realistic price point. The house itself is smaller than most citywide, but it’s not an outlier for its street or area. The lot offers some outdoor space without being oversized. The year built (1909) means this isn’t a turnkey modern home—buyers should expect an older construction with potential for updates or maintenance.
This property suits a first-time buyer looking for a reasonably priced entry into homeownership, a small family wanting a yard in a central-area neighbourhood, or an investor interested in a fixer-upper with land value potential. It’s less suited for someone seeking a large, move-in-ready suburban house or a high-appreciation flip in an already hot market. The appeal is honest: a functional, older home in a decent location with space to breathe.
Five Possible FAQs
1. How does the living space compare to other homes in Weston?
The 968 sqft living area is slightly below the neighbourhood average of 936 sqft, ranking in the top 41%—so it’s actually a bit larger than many nearby homes, even if it seems modest citywide.
2. Is the assessed value of $173,000 realistic?
Yes. The street average is $184,300 and the neighbourhood average is $184,700, so this property is a few thousand below both. Citywide, it’s far below the median, which makes sense given this home’s age, size, and area.
3. What should I know about a house built in 1909?
Older homes often have solid bones but may need updated electrical, plumbing, insulation, or roofing. The ranking shows it’s one of the older homes on the street (top 71%) and in the neighbourhood (top 86%), so expect vintage character—and potential retrofit costs.
4. Is the lot size considered small or large in this area?
It’s close to average for the street (2,977 sqft average) and slightly below the neighbourhood average (3,269 sqft). Citywide, it’s small (top 91% of homes have larger lots), but that’s typical for older, central neighbourhoods.
5. How does this property rank overall compared to others in Winnipeg?
Citywide, the home ranks in the bottom quartile or lower for living area (top 77%), assessed value (top 95%), year built (top 95%), and land area (top 91%). That sounds low, but it simply reflects that most Winnipeg homes are newer, larger, more expensive, and on bigger lots. On its own street and in its neighbourhood, it performs closer to average—which is exactly the market it belongs to.