1212 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 715 sqft home built in 1946, sitting on a notably large 4,090 sqft lot in Winnipeg’s Weston neighbourhood. The property’s main draw is the land, not the house. Lot size ranks in the top 18% on Alexander Avenue and top 21% in the neighbourhood—well above typical lots in the area, which average around 3,000 sqft. The house itself is small by citywide standards, and the living area ranks below average on the street and in the neighbourhood. The assessed value sits at $162,000, which is close to the street and neighbourhood averages but well below the citywide average for comparable homes.

The appeal here is straightforward: you're buying a property where the land holds more value than the structure. The house is a 1946 build, which puts it around average for the street but older than most homes citywide. For a buyer, this could work well as a starter home where the lot offers future potential—possibly for an addition, a garage, or a teardown if zoning allows. It would suit a buyer who sees value in the land and is willing to live with a smaller, older home, or an investor looking for a property with redevelopment upside in a neighbourhood where lot sizes in this range are uncommon.

Frequently Asked Questions

1. Is the house livable as-is, or does it need major work?
The listing doesn't include interior condition, but the age (1946) suggests it's likely functional but may need updates typical of a home that old—wiring, plumbing, windows, and insulation are worth inspecting. The modest assessed value relative to the lot size hints that the structure itself isn't the main source of value.

2. Why is the assessed value so low compared to the city average?
The citywide average assessed value for comparable homes is $390,000, but this property is valued at $162,000. That gap is mostly because the house is small and dated relative to newer, larger homes across Winnipeg. The lot is large for the street, but assessed value tends to weigh the structure heavily.

3. Can I build an addition or a second house on this lot?
The lot is 4,090 sqft, which is generous for this street. Whether you can add square footage or subdivide depends on local zoning, setback requirements, and lot coverage rules in Weston. It’s worth checking with the city before assuming you have development room, but the lot size is a clear advantage compared to neighbours.

4. How does this property compare to others on Alexander Avenue?
On the street, this home ranks in the top 18% for lot size but bottom 16% for living area. Its assessed value is around the middle (top 56%). So it stands out mainly for its outdoor space, not the house itself. Neighbours average about 1,015 sqft of living space on smaller lots.

5. Is this a good investment for resale or rental income?
For rental income, the small size may limit rent potential, but the location in Weston and low purchase basis could still work. For resale, the land is the asset. If the area appreciates or zoning changes allow denser use, the property could gain value more from the lot than the house. It’s a long-game property, not a quick flip.