1192 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1946-built home on Alexander Avenue in Winnipeg’s Weston neighbourhood, sitting on a 4,090 sqft lot. The property’s standout feature is its lot size: it ranks in the top 18% on the street and top 21% in the neighbourhood, offering more outdoor space than typical for the area. The assessed value is $192,000, which aligns closely with street and neighbourhood averages, though it sits well below the citywide average for comparable homes. The living area is 700 sqft—smaller than both the street and neighbourhood averages—and the home places in the bottom tier citywide for size.

The appeal here is practical rather than flashy. A buyer gets above-average land in an older, established part of the city, but with a modest house footprint. This could suit someone looking for a property with expansion potential or who values yard space over interior square footage. It’s also a realistic option for a first-time buyer or someone wanting to stay within a tighter budget, given the assessed value is near local medians. The home’s age (1946) is typical for the street and slightly older than the citywide average, which may appeal to those interested in character areas but comes with the usual maintenance considerations.

Five Possible FAQs

1. Why is the assessed value close to the neighbourhood average but far below the citywide average?
The Weston neighbourhood has generally lower assessed values compared to many other parts of Winnipeg. This home’s value is in line with its immediate area, but citywide averages are pulled up by higher-priced districts. It reflects local market conditions rather than a problem with the property itself.

2. The lot is large relative to the street and neighbourhood—does that mean I could subdivide or build an addition?
Potentially, but it depends on current zoning and setback regulations. A 4,090 sqft lot offers more flexibility than many nearby properties, but any changes would require checking with the city. The modest house size (700 sqft) does suggest room for expansion, but you’d need a professional assessment and permit review.

3. The living area ranking is low citywide—how does that affect resale value?
Smaller homes can be harder to sell in a market that favours more space, but they also have a lower entry price point, which attracts a specific buyer pool. Resale will likely depend on how the lot and location are perceived; a well-maintained smaller home on a larger lot can hold its value, especially if the area sees renewed interest.

4. Is the 1946 build year a concern for insurance or renovations?
Not automatically, but older homes often have systems (electrical, plumbing, insulation) that may not meet modern standards. It’s wise to get a home inspection focused on the age-specific risks, like knob-and-tube wiring or lead pipes. Insurance premiums may be slightly higher if the home hasn’t been updated, but many insurers are used to dealing with older stock in Weston.

5. How does this property compare to others on Alexander Avenue itself?
On the street, it’s around average for assessed value and build year, but well above average for lot size and below average for living area. That makes it a bit of a trade-off: you get more land than most neighbours, but a smaller house. It’s not a standout in any one direction, which can be a plus for buyers who want predictability and room to personalise.