Property Summary

Key Characteristics & Buyer Profile

This is a compact 564-square-foot home, well below average size for its street, neighbourhood, and city. The living area ranks in the bottom 1% citywide, so it is notably small—likely a starter home, a cottage-style dwelling, or an older infill property. However, what it lacks in square footage it makes up for in land. The lot measures 7,496 square feet, placing it in the top 1% on Alexander Avenue and in Weston, and the top 14% across Winnipeg. This is a standout feature: a large, usable yard paired with a modest footprint.

The home was built in 1925, which is typical for the area. Its assessed value of $241,000 is above average for its street and neighbourhood (top 17% and top 13% respectively), though it ranks in the bottom 15% citywide. This suggests the value is driven more by the land than the structure itself.

Appeal and buyer type: This property suits buyers who prioritize outdoor space over interior square footage—someone willing to renovate, expand, or rebuild. It could appeal to gardeners, hobbyists needing workshop or storage space, or investors looking for a tear-down or major redevelopment opportunity in a central Winnipeg neighbourhood. It is less suited for someone seeking a move-in-ready home with generous living area. The imbalance between small house and large lot makes this a trade-off property: you buy for the yard, not the floorplan.

Frequently Asked Questions

1. Why is the living area so small compared to other properties on this street?
The home is likely a bungalow or a one-storey structure from the 1920s, built to a smaller standard. Many homes on Alexander Avenue are larger mid-century or multi-storey houses. This unit may have been a smaller infill or a cottage-style residence that was never expanded.

2. Does the large lot mean I can build an addition or a second dwelling?
Possibly, but you would need to check current zoning for Alexander Avenue and Weston. The lot size offers flexibility, but Winnipeg’s zoning bylaws, setback rules, and heritage restrictions (if any) would determine what is allowed. A quick call to the city’s planning department is recommended before assuming expansion potential.

3. The assessed value is $241,000. Is that close to market price?
Assessed value is used for property tax calculations and may not reflect current market conditions. However, in a stable market, it can be a rough benchmark. Given the large lot and small house, a real estate agent familiar with Weston could give a more accurate sense of whether this property is priced below or above similar lots in the area.

4. How common are 7,500-square-foot lots in Weston?
Not very common. Most lots in this area are around 4,000 to 5,000 square feet. A lot this size places the property in the top 1% for the neighbourhood. It is one of the larger residential lots available in Weston, which adds rarity and potential value.

5. Does a 1925 home typically come with major maintenance concerns?
Yes, older homes often have outdated electrical, plumbing, and insulation. Foundation issues are also possible. That said, a home built in the 1920s can be solid if well maintained. A thorough home inspection is essential, especially for a property where the structure is not the main selling point.