1222 Alexander Avenue – Property Summary

Key Characteristics & Appeal

This property stands out primarily for its exceptionally low assessed value—$87,000—which places it in the bottom tier across its street, neighbourhood (Weston), and the entire city of Winnipeg. The living area is modest (the data doesn’t list a specific square footage, but it falls within a category where the street average is 1,015 sqft), and the land area is 2,499 sqft, which is around average for the street but notably smaller than neighbourhood and citywide averages.

The appeal here is purely economic and opportunistic. This is not a home for someone looking for a turnkey property in a highly desirable area. Instead, it suits investors, flippers, or first-time buyers with renovation skills who are willing to take on a project in a lower-cost entry point. The low value relative to the surrounding area suggests either significant deferred maintenance, an outdated property, or a unique situation that depresses its market price. The fact that it ranks near the bottom of the city for assessed value means there is potential upside if the property can be improved—but the surrounding land values are also modest, so expectations for massive appreciation should be grounded.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbourhood average?
   The assessed value ($87k) is less than half the neighbourhood average ($184.7k). This can happen due to a smaller living area, an older or unrenovated structure, or specific property conditions. Assessed value reflects market conditions at the time of assessment, so it’s worth checking if the home has been recently inspected for major issues.

2. Is the small land size a disadvantage?
   It depends on your plans. At 2,499 sqft, the lot is smaller than most in the area but not unusual for older streets in Weston. For a renovation project, it may be fine, but if you’re hoping to subdivide or build an addition, you’ll need to check local zoning—the lot is likely below current minimums for new development.

3. How old is the house, and should I worry about maintenance?
   The data doesn’t list a precise year, but the street average is 1937. If this home is from that era, you’re looking at outdated wiring, plumbing, and possibly foundation issues. Budget for significant updates. A pre-purchase inspection is strongly recommended.

4. Is this a good investment for rental income?
   Possibly, but only if you can bring the property to a rentable condition without overspending. Low purchase price means lower mortgage costs, but the area’s rental demand may not support high rent. Check local rental comparables—Weston is an older, working-class neighbourhood, not a high-rent market.

5. How does this compare to other homes currently for sale in Weston?
   That requires a real-time MLS search. Most homes in Weston with similar lot sizes sell higher due to basic livability. This listing is priced well below typical entry-level homes, which suggests it needs significant work. It’s likely one of the cheapest listings in the area—worth investigating, but be prepared for a fixer-upper.