1205 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a small but well-valued property on Alexander Avenue in Winnipeg’s Weston neighbourhood. The most standout feature is the land area: at 4,998 sqft, it ranks in the top 3% on its street and top 8% in the neighbourhood. That’s unusually large for a property of this size—most lots in the area are around 3,000 sqft. The house itself is 676 sqft, which is below average at every level (street, neighbourhood, and city), but the assessed value tells a different story. Despite being small, it ranks in the top 23% on the street and top 22% in the neighbourhood for value, suggesting the land is doing much of the heavy lifting. Built in 1956, it’s newer than most nearby homes (which average 1937), so the structure is likely in better shape than many of its older neighbours.

The appeal here is land value over living space. A buyer who needs a large backyard, wants room for a garden, or sees potential for future expansion would find this property interesting. It’s less suited to someone who wants a spacious interior or a modern open floor plan. The citywide rankings confirm that while this home is small and relatively affordable compared to Winnipeg averages, it holds its own in its immediate context. This would suit a first-time buyer looking for outdoor space, a small household, or an investor who values the lot more than the house itself. The lower living area might also appeal to someone downsizing who still wants a decent yard.

Frequently Asked Questions

1. Why is the assessed value so high relative to the living area?
The value is driven primarily by the large lot. The property ranks in the top 3% for land area on its street, and the assessed value reflects that land’s worth more than the modest 676 sqft house. In older neighbourhoods like Weston, land often appreciates faster than the structure.

2. How does this property compare to others in Weston?
It’s a mixed picture. The living area is below average, but the land area is well above average (top 8% in the neighbourhood). The year built (1956) is newer than the neighbourhood average of 1937, so you’re getting a house that’s several decades younger than many nearby.

3. Is this a good candidate for a renovation or addition?
Potentially, yes. The large lot gives you room to expand, and the 1956 build is old enough that renovation might be more straightforward than with a pre-war home. However, you’d want to check local zoning and building setbacks before assuming anything. The current living area is small, so an addition could significantly increase the home’s value.

4. How does the citywide ranking for assessed value (top 89%) compare to the street ranking (top 23%)?
The street and neighbourhood rankings show the property is above average locally, but citywide it’s below average. That’s because Winnipeg has many high-value homes in other areas. Essentially, this is a strong property in its immediate market but not a standout across the entire city.

5. What kind of maintenance or updates should a buyer expect given the 1956 build?
A house built in 1956 is past the half-century mark, so major systems (roof, furnace, electrical, plumbing) may need attention depending on prior upkeep. The good news is it’s newer than many homes in the area, which often date to the 1930s or earlier. A pre-purchase inspection is advisable to get a clear picture.