1139 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a newly built home in Winnipeg’s Weston neighbourhood, completed in 2024. At 1,001 square feet of living space on a 2,499-square-foot lot, it is slightly smaller than both the neighbourhood and citywide averages for comparable homes. Its assessed value of $295,000 is notably higher than the street and neighbourhood averages—ranking in the top 8% on Alexander Avenue and top 4% in Weston—yet it sits below the citywide average of $390,100, reflecting the property’s strong relative value within its immediate context.

The home’s main appeal comes from its new construction in an area where most housing stock dates to the late 1930s. On Alexander Avenue, it is the second-newest home out of 608 properties. This means modern finishes, building code compliance, and minimal immediate maintenance—rare for the street. The trade-off is a modest lot size and living area, which may feel compact compared to older, larger homes in the area.

This property would suit a buyer who prioritizes a move-in-ready, low-upkeep home in an established central neighbourhood, rather than square footage or a large yard. First-time buyers, downsizers, or investors looking for a newer asset in a historically older corridor would find it practical. It is less suited to families needing significant indoor or outdoor space, or to buyers seeking lot appreciation potential.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The home is assessed at $295,000, which is well above the street average of $184,300 and the neighbourhood average of $184,700. However, it is below the citywide average of $390,100. This suggests the property is priced at a premium within its immediate area but is still relatively affordable compared to newer homes across Winnipeg as a whole.

2. Is the smaller-than-average lot a concern?
The lot is 2,499 square feet, which is smaller than both the street average (2,977 sqft) and the neighbourhood average (3,269 sqft). Citywide, it falls in the bottom 4% of lots. This means limited outdoor space and potentially tighter setbacks. For buyers who prefer low-yard maintenance or are used to urban infill properties, this may not be a drawback. For those expecting a traditional suburban lot, it likely will be.

3. What is the living area actually like for everyday use?
At 1,001 square feet, the living area is near the street and neighbourhood averages but below the citywide average. It’s comparable to a typical two-bedroom condo or a small starter home. The layout and how the space is used matter more than the raw number, but buyers should expect a compact footprint with limited room for expansion. Open-concept design common in new builds can help the space feel larger.

4. Why is the year built such a standout statistic in this area?
Alexander Avenue and the wider Weston neighbourhood have a median build year around 1937. A 2024 construction is essentially brand new in this context. That means this home will have modern insulation, windows, wiring, and plumbing, and it will not require the kind of immediate renovations often needed in older properties. It also means the home likely does not have the same character or mature landscaping found on older streets.

5. How does this property compare to other new builds in Winnipeg?
Citywide, only about 128 out of nearly 200,000 homes are newer than this one. That puts it in the top 1% by age across Winnipeg. However, its size and lot are below average for new construction, which tends toward larger suburban homes on bigger lots. This property is best seen as a new infill home in an older neighbourhood—not a typical new suburban build. Buyers looking for “new” in a central, established location will find this quite rare.