1550 Alexander Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a 1,096 sqft home built in 1928 on a 2,151 sqft lot in Weston. The property sits in a sweet spot for living space — slightly above the neighborhood average (936 sqft) and competitive with other homes on Alexander Avenue. The assessed value of $178k is notably low compared to the Winnipeg average ($390k), ranking in the bottom 6% citywide. That’s a real advantage for someone looking to enter the market without overextending.
The land area is the trade-off. At 2,151 sqft, it’s significantly smaller than the citywide average of 6,570 sqft — ranking in the bottom 1% citywide. This is a house that prioritizes indoor square footage over outdoor space. It suits buyers who want a functional interior and aren’t looking for a large yard or extensive outdoor living. First-time buyers, downsizers, or anyone focused on a manageable property in an established neighborhood (Weston) will find the price-to-space ratio compelling. The home’s age (1928) means character features are likely, but so are older systems and maintenance needs — a buyer should be comfortable with some updating.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It’s right around the average for the street ($184k) and neighborhood ($184k). The standout difference is citywide, where the average jumps to $390k — so relative to the rest of Winnipeg, this property is very affordable.
2. Is the living area considered small for the area?
No. At 1,096 sqft, it’s above both the street and neighborhood averages (1,015 sqft and 936 sqft respectively). It ranks in the top 22% within Weston, so it offers more interior space than most comparable homes nearby.
3. Why is the land area so much smaller than the Winnipeg average?
Weston is an older, more established neighborhood where lots were originally subdivided more tightly. The 2,151 sqft lot is typical for the street (bottom 16%) but not unusual for the area — it’s a trade-off common in inner-ring suburbs where land is at a premium.
4. What should I know about a home built in 1928?
Expect solid construction (often with materials you don’t see today), but also potential issues like outdated electrical, plumbing, or insulation. The home’s year places it among older stock citywide (top 83% oldest), so a thorough inspection is wise. Character details like hardwood floors or original trim may still be intact.
5. Who would this property not suit?
Anyone needing a large yard, garden space, or room for expansion would be frustrated by the lot size. Likewise, buyers wanting a move-in-ready modern home with updated systems should factor in renovation costs. It’s a solid starter home or value play — not a turnkey dream.