723 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,080 sq. ft. home built in 2006, sitting on a 4,920 sq. ft. lot in the West Alexander neighbourhood. What stands out here is the land: the lot is significantly larger than most on the street—ranking in the top 5%—which gives it a practical advantage over nearby homes, many of which sit on smaller parcels. The house itself is also newer than the surrounding stock; in the neighbourhood, it ranks among the top 4% for year built, meaning it doesn’t carry the same maintenance concerns an older property might.

The assessed value is $242,000, which is above average for both the street and the neighbourhood, but notably below the citywide average for comparable homes. That gap reflects how West Alexander compares to more expensive parts of Winnipeg, not a flaw in the property itself.

The appeal lies in the combination of a newer home with generous outdoor space—something that’s less common in this part of the city. It’s not flashy, but it’s practical. The living area is around average for the street, so the interior is modest for the lot size. Buyers who value yard space, room for a garage or garden, or just breathing room between neighbours will see the real value here. It would suit someone looking for a solid, lower-maintenance family home in an established neighbourhood, rather than a fixer-upper or a prestige address.

Frequently Asked Questions

1. How does the living area compare to other homes nearby?
It’s around average. On Alexander Avenue, it ranks in the top 34%, and in the broader West Alexander neighbourhood, it sits near the middle. So it’s not unusually large or small for the area.

2. Is the assessed value high for what you get?
Relative to the street and neighbourhood, yes—it’s above average, ranking in the top 18% locally. But compared to Winnipeg as a whole, it’s below average. That suggests the property is valued well within its immediate context, not overpriced for the city.

3. Why does the lot size matter so much here?
On Alexander Avenue, the average lot is just under 3,000 sq. ft. This one is over 4,900 sq. ft., ranking in the top 5%. That’s a significant difference in a neighbourhood where many homes are packed closer together. It gives you more flexibility for outdoor uses or future additions.

4. What kind of condition should I expect from a 2006 build?
It’s newer than most homes in the area—the neighbourhood average build year is 1921. A 2006 home will typically have modern electrical, plumbing, and insulation standards. You’re unlikely to face the same immediate upgrade costs as an older property, though finishes will depend on the original builder grade.

5. How does this property compare to citywide averages?
The living area and lot size are both around the city average, but the assessed value is significantly lower—$242k versus the citywide comparable average of $390k. That reflects the neighbourhood’s overall market more than the home itself. It’s a reasonably priced property relative to Winnipeg’s broader housing stock.