1663 Alexander Avenue — Property Summary
Key Characteristics & Buyer Profile
This is a 615 sqft home built in 1909, on a 2,423 sqft lot, with an assessed value of $159k. What stands out most is the trade-off between size and price. The living area ranks in the bottom 1% citywide (Top 99%), and the lot is similarly small by Winnipeg standards. But the assessed value is also well below the city average—landing in the Top 96% for affordability relative to the rest of Winnipeg.
On its own street and within the Weston neighbourhood, the home is more or less average in value, despite being smaller and older than most nearby properties. This suggests the location itself holds relatively stable pricing, even for a compact, older home. The year built (1909) puts it among the older homes in the city, but not unusually so for Weston, where the median build year is 1937.
The appeal here is for someone who values location over square footage—likely a first-time buyer, an investor looking for a lower-entry property in an established neighbourhood, or someone downsizing who doesn't need much space and wants to keep costs down. The small footprint also means lower upkeep and utility costs, which can be a practical advantage. A less obvious angle: the combination of a modest assessed value and a small lot could make this a candidate for a renovation or a build project where the land itself isn't a major cost driver.
Frequently Asked Questions
1. How does this home's size compare to others in the area?
It's 615 sqft, which is below the street average of about 1,015 sqft and well below the Weston neighbourhood average of 936 sqft. Citywide, it's in the bottom 1% for living area.
2. Is the assessed value reasonable for the neighbourhood?
Yes. The assessed value of $159k is slightly below the street and neighbourhood averages (both around $184k), so it's priced conservatively relative to nearby homes—not an outlier, but on the lower end.
3. What does the year built tell me about the home's condition?
The home was built in 1909, making it older than 71% of homes on the same street and 86% in the neighbourhood. Older homes can have solid construction and character, but you'll want to budget for potential updates to electrical, plumbing, insulation, and foundation.
4. How does the lot size affect this property's potential?
The lot is 2,423 sqft—about average for the street but smaller than most in Weston (median 3,269 sqft) and the city (median 6,570 sqft). This limits expansion options but also means less yard maintenance. It could still work for a small addition if zoning allows.
5. Who typically buys a home like this?
Buyers who prioritize location and affordability over space. That includes first-time buyers entering the market, investors seeking a low-cost rental with reasonable neighbourhood pricing, or anyone wanting a smaller, more manageable property without a high citywide price tag.