765 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,560-square-foot home, built in 1910, sits on a 2,718-square-foot lot. Its standout feature is living space: on the street level, it ranks in the top 5% for size, with over 500 square feet more than the average home on Alexander Avenue. That kind of interior space is uncommon for a property of this era in this part of Winnipeg.

Where the property gives ground is land area and assessed value. The lot is slightly below the neighbourhood average, and the assessed value of $184,000 is essentially on par with the street and area medians—but well below the citywide average of roughly $390,000. That gap reflects the fact that many newer, larger-lot homes elsewhere in Winnipeg carry much higher assessments. Year built (1910) is also older than both the neighbourhood and city averages.

The appeal here is pragmatic: you get a generous interior footprint in a central location for a price that avoids the premiums attached to newer construction or larger lots. It would suit buyers who prioritize livable square footage over outdoor space or turnkey freshness. Someone comfortable with an older home—and the maintenance or renovation that may come with it—will likely find the value proposition strong compared to similarly sized newer properties. It's less suited to anyone seeking a large yard, a modern floor plan, or an entry in a top-tier school catchment where assessment values run higher.

Five Possible FAQs

1. How does the living space compare to other homes in the area?
It's one of the larger homes on Alexander Avenue, ranking in the top 5% street-wide. The interior is about 50% bigger than the average for comparable homes on the same street, and still above average for the West Alexander neighbourhood and Winnipeg overall.

2. Why is the assessed value so much lower than the citywide average?
The citywide average includes homes built much later, often in suburbs with larger lots and higher land values. This property's assessment of $184,000 reflects its age (1910), smaller lot size, and location in a more established, central area. It's typical for older city properties to assess well below the citywide median.

3. Is the lot size a limitation?
It depends on your expectations. The lot is 2,718 square feet—smaller than the neighbourhood average and well below the citywide typical lot. That's common for an older urban infill property. If you want a big yard for gardening, expansion, or privacy, this may feel tight. If you want minimal outdoor upkeep, it could be a plus.

4. What should I know about a house built in 1910?
Older homes can have character and solid construction, but they also come with potential issues: outdated wiring, plumbing, insulation, and possible foundation concerns. A thorough inspection is essential. Renovations are common, and original features (like trim or hardwood) can be a bonus if well maintained. The home ranks around average for its street and neighbourhood in terms of age, so it's not an outlier for its immediate area.

5. How does this home compare to similar properties on neighbouring streets?
The neighbourhood ranking (top 27% for living area, top 49% for assessed value) suggests it's competitive but not exceptional. The biggest differentiator is the street-level living space—few nearby homes offer that much interior room at this price point. For a more detailed side-by-side comparison with specific nearby houses, the neighbourhood map analysis tool (linked on the property page) is the best resource.