Property Summary: 1996 Alexander Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home in Brooklands, built in 1954. Its primary appeal lies in its generous, above-average lot size of 4,768 sqft, which ranks in the top 7% for Alexander Avenue. This presents a significant opportunity for expansion, gardening, or outdoor living relative to nearby properties. The home itself is modest at 789 sqft of living space, but it features a renovated basement, adding functional space. It is complemented by a detached garage.

The property’s recent sale price significantly exceeded both its assessed value and the average for the immediate street, indicating strong buyer interest, likely in the land itself. This home suits a practical buyer looking for a solid foundation in a mature neighbourhood—perhaps a first-time homeowner comfortable with a smaller footprint, an investor interested in the lot’s potential, or someone seeking a manageable property with outdoor space without the upkeep of a larger house. Its value proposition is less about the current structure and more about the possibilities afforded by the sizable lot in an established area.

Frequently Asked Questions

1. Why is the sale price so much higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind market value, especially in active markets. The premium paid likely reflects the land value and recent renovation, showing buyers see immediate potential beyond the official assessment.

2. The living area is noted as "below average." How liveable is the house?
At 789 sqft, the main floor is compact. However, the presence of a renovated basement effectively doubles the usable space, making the overall footprint more practical for daily living than the main floor square footage alone suggests.

3. What does the "above average" lot ranking mean practically?
With a lot size in the top 7% for the street, you have substantially more outdoor space than most neighbours. This allows for larger decks, gardens, play areas, or even future additions like a shed or expanded parking, which are not possible on standard lots.

4. The home was built in 1954. What should I be aware of?
While the basement is renovated, a home of this age may have original components like plumbing, electrical, or windows that could require attention or updating. A thorough inspection is recommended to prioritize any necessary maintenance.

5. Is the detached garage a significant advantage?
Yes, especially in a neighbourhood of older homes. A detached garage provides secure parking and valuable storage or workshop space that many nearby properties may lack, adding both convenience and utility.