Key Characteristics & Appeal

This is a 1,258-square-foot home built in 1907, located on Alexander Avenue in Winnipeg's West Alexander neighbourhood. Its standout feature is size: the living area places it in the top 16% of homes on the same street, well above the local average of 1,015 square feet. Within the broader West Alexander area and across the city, it sits near the middle—slightly larger than average, but not exceptional.

What makes this property interesting is the contrast between its generous interior and its modest assessed value. The city valuation sits at $139,000, well below the street average of $184,000 and far below the Winnipeg average of $390,000. In a city where most properties are valued much higher, this one ranks in the bottom 2% citywide for tax assessment. If the home is in reasonable condition, that gap could represent genuine value—a large space in a lower-priced bracket.

The land is 2,523 square feet: average for the street, but noticeably smaller than typical lots in the wider community and city. The building is old (1907), which means character and solid construction if well maintained, but also potential maintenance demands. On its street, most homes are newer, so this one stands out in age.

Who it would suit: A buyer who prioritizes interior space over yard size, and is comfortable with an older home. Someone willing to look past a low assessed value (which may reflect neighbourhood pricing patterns rather than the home's condition) could find a liveable home here without competing in higher-priced brackets. It may also suit an investor or first-time buyer looking for a property with below-average tax burden in a central neighbourhood.

Five Possible FAQs

1. Why is the assessed value so low compared to the city average?
The assessment ranks in the bottom 2% across Winnipeg. This likely reflects a combination of the home's age, its smaller land size relative to city norms, and the West Alexander area's overall valuation profile. Low assessment doesn't automatically mean poor condition—it often means the neighbourhood itself is valued below the city median.

2. Is a 1907 home likely to have significant maintenance issues?
Yes, homes of this era often require attention to foundational systems, wiring, plumbing, and insulation. However, being older than most homes on its street (average 1937) doesn't guarantee problems—it depends on renovation history. A thorough inspection is strongly recommended.

3. How does the lot size compare to typical Winnipeg lots?
At 2,523 square feet, it's smaller than 95% of lots citywide. Within West Alexander, it's also below average. If outdoor space matters to you, this may feel tight. But for buyers focused on interior square footage, the trade-off is clear.

4. Does a below-average street ranking for assessment mean the property is overpriced?
Not necessarily. The ranking simply compares the property to others on Alexander Avenue. If the asking price is close to the assessed value and the interior is in good shape, it could represent fair value for a larger home in a lower-priced corridor.

5. What's the neighbourhood like in terms of comparable properties?
West Alexander has an average home size of 1,299 square feet and average build year of 1921. This property is close to both, meaning it fits the neighbourhood's general character. The lower assessment relative to the street suggests this specific home may be priced differently from its immediate neighbours—worth understanding why before making an offer.