1563 Alexander Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1912-built home with 880 square feet of living space and a 2,423-square-foot lot. The property ranks around average for its street and neighbourhood in terms of living area and year built, but sits below average in assessed value and land size when compared citywide. Its assessed value of $138,000 is notably lower than the street average of $184,300 and far below the Winnipeg average of $390,100.
The appeal here is straightforward: it’s an older home in the Weston area at a price point well below typical city valuations. For a buyer, this could mean lower property taxes and potentially more room to build equity through renovations, especially if the bones are solid. It would suit someone looking for an entry-level purchase in a central Winnipeg neighbourhood, or an investor willing to take on a project. The land area is small by city standards, so those hoping for a large yard or expansion room should look elsewhere. That said, the modest footprint could also mean lower maintenance and utility costs.
Frequently Asked Questions
1. How does the property’s assessed value compare to similar homes nearby?
It’s below average for both the street and the neighbourhood. On Alexander Avenue, it ranks 457th out of 608 homes, and in Weston it ranks 1,414th out of 1,736. This suggests the home may need updates or is smaller than most comparable listings.
2. Is the 880-square-foot living area typical for this area?
It’s fairly typical. The home ranks near the middle on its street and only slightly below average in the neighbourhood, where the average is 936 square feet. Citywide, however, it’s smaller than most comparable homes, which average 1,342 square feet.
3. What does a 1912 build year mean in practical terms?
It’s older than the street and neighbourhood averages (both around 1937). Buyers should expect original or outdated systems, possible knob-and-tube wiring, lead paint, and less insulation. A home inspection is essential. On the upside, older homes often have solid framing and mature neighbourhoods.
4. Why is the lot size listed as “below average” citywide but “around average” on the street?
The street average for land area is 2,977 square feet, so this lot of 2,423 square feet is a bit smaller but not unusual for Alexander Avenue. Citywide, the average lot is 6,570 square feet, so by that measure it’s quite small. The difference reflects how variable lot sizes are across Winnipeg.
5. Who is this property not a good fit for?
Buyers wanting a move-in-ready home with modern finishes, or those needing a large lot for gardens, garages, or additions, would likely be frustrated here. It’s also not ideal for someone seeking a quick resale in a hot market without putting in work.