1505 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,120 sqft home on Alexander Avenue in the Weston area of Winnipeg stands out for its interior space relative to the immediate neighbourhood. In terms of living area, it ranks in the top 29% on its street and top 19% across Weston—meaning it offers noticeably more room than nearby homes, which average 1,015 sqft and 936 sqft respectively. At the citywide level, however, it falls closer to the middle (58th percentile), so the space advantage is local rather than exceptional for Winnipeg as a whole.

The assessed value of $208,000 also runs above the street and neighbourhood averages (around $184,000–$185,000), yet remains well below the citywide average of $390,000. This creates a situation where you’re paying a premium within Weston, but getting what looks like good value compared to the broader market. The land lot is compact at 2,422 sqft—below both community and city norms—so this isn’t a property defined by outdoor space.

The home was built in 1905, making it older than most in the area (neighbourhood average is 1937) and significantly older than the city average of 1966. Buyers should expect the character and maintenance considerations that come with a century-old house: likely solid bones, but potentially older systems, foundations, or layouts that need updating.

Who it suits: Someone who prioritizes interior square footage and wants more living space than typical Weston homes offer, without the price tag that would come with a similarly sized house in a higher-cost part of Winnipeg. Also a good fit for buyers who appreciate older construction, don’t need a large yard, and are comfortable with the trade-offs of an early-1900s home (lower energy efficiency, possible upgrades needed). Less suitable for those seeking a big lot, a modern build, or a property that aligns with citywide averages in terms of land or assessment value.

Five Possible FAQs

1. How does the property’s value compare to others on the street?
The assessed value of $208,000 ranks 162 out of 608 homes on Alexander Avenue (top 27%), sitting about $23,000 above the street average. So it’s considered a higher-end property by street standards, though still modest when compared to the citywide median.

2. Is the living space genuinely large for its area?
Yes, particularly within Weston. The 1,120 sqft is almost 200 sqft above the neighbourhood average. On the street, it’s also above average but less dramatically so. Citywide, it’s slightly below the average of 1,342 sqft, so the spaciousness is relative to the immediate area, not Winnipeg as a whole.

3. What should I know about a home built in 1905?
You’re looking at a house that’s older than roughly 94% of properties in Weston and 98% citywide. That likely means original materials and craftsmanship, but also potential issues like outdated wiring, knob-and-tube systems, asbestos, lead paint, or a basement that wasn’t designed for modern living. A thorough inspection by someone experienced with pre-1920s homes is strongly recommended.

4. Why is the assessed value low compared to the rest of Winnipeg?
At $208,000, the property ranks in the bottom 9% citywide for assessed value. This reflects both its location in a lower-priced neighbourhood and its modest lot size. For buyers, this can mean lower property taxes, but it also suggests the home may not appreciate as quickly as higher-valued areas unless the neighbourhood sees significant change.

5. How usable is the 2,422 sqft lot?
It’s a small lot by almost any measure—below average on the street, well below average in Weston (where lots average 3,269 sqft), and far below Winnipeg’s typical lot size of 6,570 sqft. You’ll have limited outdoor space for gardens, sheds, or entertaining. That said, a smaller lot means less maintenance and potentially more privacy from neighbours if the house is positioned well.