Property Overview: 352 Alexander Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2009, offers a modern foundation in Winnipeg's Centennial neighbourhood. Its primary appeal lies in a combination of relative newness and a generous, above-average lot size for its immediate area. With 1,080 sqft of living space, the house provides a practical layout for smaller households.

The property’s standout feature is its 3,232 sqft lot, which ranks in the top 29% on its street, offering more outdoor space than many neighbouring homes. This presents a significant opportunity for gardening, expansion, or simply enjoying a larger yard. The 2009 build date means major systems like roofing, windows, and plumbing are likely younger than those in much of the surrounding area, potentially reducing near-term maintenance concerns.

This home would suit first-time buyers or downsizers seeking a low-maintenance, modern build with valuable land equity in a well-established neighbourhood. It’s also a practical candidate for investors or handy buyers, as the unrenovated basement presents a clear opportunity to add value and customize the living space. The absence of a garage and a more compact living area suggest it best fits those prioritizing lot size and a newer structure over extensive finished square footage.

Section 2: Frequently Asked Questions

1. What does "above average" for assessed value locally, but "below average" citywide, mean?
This indicates the home’s municipal assessment is higher than many on its street and in Centennial, but lower than the typical Winnipeg home. This often reflects the character of the neighbourhood, which may have more modestly valued homes compared to newer suburbs, and suggests property taxes may be relatively manageable for the city.

2. The basement is noted as "not renovated." What condition should I expect?
You should anticipate a raw or partially finished space suitable for storage or utilities. It has likely not been developed into a legal living area, which, while requiring investment to finish, allows you to customize it to your needs without first undoing someone else’s work.

3. How significant is the 2009 build year in this area?
Very significant. With comparable homes on the street averaging a build year of 1937 and in Centennial of 1926, this house is decades newer. This is a less obvious but major advantage, implying modern construction standards, materials, and energy efficiency that are uncommon for the area.

4. There is no garage. Is there space to build one?
The lot size is the key factor here. At over 3,200 sqft, the property has an above-average footprint for the street. While subject to zoning bylaws and setbacks, the lot dimensions likely provide a viable opportunity to add a garage or a sizable shed in the future, which is a valuable option many older lots in the area cannot accommodate.

5. The home last sold in 2020. What should I consider?
The 2020 sale provides a relatively recent market price point for comparison. When evaluating the current asking price, consider changes in the market, interest rates, and any updates made by the sellers since that purchase. It also suggests a shorter-term ownership, so inquiring about the reason for the sale is prudent.