1119 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,172-square-foot home on a 2,498-square-foot lot, built in 1904. Its standout feature is assessed value relative to size. Within the Weston neighbourhood, the property ranks in the top 15% for both living area and assessed value—meaning you get more space than most nearby homes, at a tax assessment that reflects strong local value. On Alexander Avenue specifically, it sits in the top 23% for living area and top 18% for assessed value, with a current assessment of $235,000 against a street average of $184,300.

The trade-off is age. At 120 years old, it’s one of the older homes on the street and in the neighbourhood, ranking in the bottom 2% locally for year built. The lot is also modest: smaller than the Weston average (3,269 sqft) and well below the Winnipeg average (6,570 sqft). Citywide, the assessed value falls below the metropolitan median, which is expected given the older, smaller-lot character of this part of the city.

Where the appeal lies: The property offers above-average indoor space and strong relative value within Weston, at a price point that likely undercuts newer or larger homes in the area. For a buyer who prioritises square footage and stable neighbourhood value over a modern build or a big yard, this could be a solid fit.

Who it suits: First-time buyers or investors focused on the Weston-Alexander corridor who are comfortable with an older home’s maintenance realities. It would also suit someone looking for a functional layout in a central Winnipeg location, without paying a premium for a larger lot or a recent renovation.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
It’s well above the street average ($235,000 vs. $184,300) and sits in the top 15% within Weston. But citywide, it’s below the Winnipeg average for comparable homes ($390,100). This reflects the local market’s strength relative to the rest of the city, not a weakness in the property itself.

2. Is a 1904 build a concern for financing or insurance?
Some lenders and insurers have stricter requirements for homes over 100 years old, particularly regarding electrical, plumbing, and roofing. It’s worth checking with your provider early. That said, many older homes in Weston are insured and financed without issue if they’ve been well maintained and updated.

3. Why is the land area ranked so low citywide when the value ranking is decent?
Winnipeg has many large residential lots, especially in newer suburban areas. A 2,498 sqft lot is standard for older infill neighbourhoods like Weston but small by citywide standards. The assessed value compensates because it’s based on the house’s size and condition, not just the land.

4. What does “comparable homes” mean in these rankings?
The data compares this property to others with similar characteristics—likely single-family or small multi-unit homes within the same scope (street, neighbourhood, or city). The benchmarks are not averages for all homes, but for properties the system deems comparable.

5. Is the property ranked as “above average” in living area across all comparisons?
No. It’s above average on the street (top 23%) and in the neighbourhood (top 15%), but only around average citywide (top 53%). The citywide average living area for comparable homes is 1,342 sqft, so this home is slightly smaller than that midpoint.