1504 Alexander Avenue — Property Summary
Key Characteristics & Buyer Profile
This is a 1,060 sqft home built in 1912, located on a 2,144 sqft lot in Winnipeg’s Weston neighbourhood. The living space is slightly above average for Weston (ranking in the top 27% of the area), and sits close to the average for Alexander Avenue itself. The property’s assessed value is notably low — both relative to the street and the city overall — which keeps property taxes modest. The land size is below average at every level (street, neighbourhood, and city), so this is not a property where outdoor space or expansion potential is a draw.
Where the appeal lies is in its relative affordability within a neighbourhood that already trends below city-wide price averages. For someone looking for a functional, older home in an established inner-city area, the combination of average-to-good interior space and lower-than-average tax burden can make sense as a practical, no-frills option. It would likely suit a first-time buyer working with a tighter budget, or an investor looking for a property with lower carrying costs in a neighbourhood where entry prices remain accessible. That said, the lot size and age of the building mean there's limited upside in terms of redevelopment or major expansion without significant compromise.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
It’s slightly above average for Weston — the average home there is about 936 sqft — and roughly on par with others on Alexander Avenue. City-wide, it falls below the average of 1,342 sqft, but that reflects newer suburban builds more than comparable older neighbourhood stock.
2. Why is the assessed value so much lower than the city average?
The home’s assessed value is $151,000, compared to a city-wide average of $390,000. This is partly due to the home’s age, smaller lot size, and the fact that the Weston area generally has lower property values than newer or more central parts of Winnipeg.
3. Does the 1912 build date raise any practical concerns?
Homes from this era often have older wiring, plumbing, and insulation. While that’s not uncommon for the area, a thorough home inspection would be important. The build date is slightly older than the street average (1937) and significantly older than the city average (1966), so maintenance history matters more than the year itself.
4. Is this property suitable for someone planning to renovate or expand?
Not particularly — the lot is 2,144 sqft, which is small in neighbourhood (96th percentile) and city-wide (99th percentile) terms. Adding square footage or a garage would be challenging without sacrificing yard space or dealing with setback restrictions. Cosmetic updates are more realistic than structural additions.
5. How does property tax compare to similar homes?
Since the assessed value is well below average, the tax bill should be relatively low. For someone prioritizing low monthly costs over future resale upside, this can be a meaningful advantage — though it also reflects limited appreciation potential relative to newer or larger properties.