Section 1: Key Characteristics, Appeal, and Likely Buyer

1547 Alexander Avenue is a 1956-built home with 648 square feet of living space on a 2,423-square-foot lot. Its assessed value for tax purposes is $200,000. The property is older than most of its neighbours—built in 1956, while the street average is 1937 and the city average is 1966. It sits in the Weston area of Winnipeg.

The main appeal here is affordability. The assessed value sits right around the average for both the street and the immediate neighbourhood, despite the home being smaller than almost everything around it. In terms of living space, it ranks in the bottom 12% within Weston and the bottom 2% citywide. The lot is also notably small by city standards, but it’s not unusually small for the street itself. So, you’re paying a typical local price for a property that offers less square footage than most—which could mean either a lower barrier to entry or a tighter fit, depending on what you need.

This property would suit a first-time buyer, a single person, or a couple who prioritise location and value over space. It might also appeal to someone looking for a smaller-scale renovation project in an established neighbourhood, where the older housing stock and modest lot size keep the purchase price grounded. Buyers who want a larger footprint or a newer build should look elsewhere.

Section 2: Frequently Asked Questions

Q1: How does the property’s size compare to typical homes in Weston?
The living area is 648 square feet, which is about 30% smaller than the neighbourhood average of 936 square feet. The lot is also below average for both the neighbourhood and the city, though closer to the norm for the street.

Q2: Is the assessed value of $200,000 a reliable indicator of market price?
Assessed value is used for property tax calculations, not as a direct market estimate. In this case, the assessment is close to the street and neighbourhood averages, which suggests the market value may be similarly aligned, but a comparative market analysis or appraisal would be needed for a sale price figure.

Q3: What does the “rankings” data actually tell me?
The rankings compare this property to others in the same street, neighbourhood, and city. For example, a rank of 148 out of 608 on the street for build year means it’s newer than about 76% of homes on Alexander Avenue. Lower ranks (smaller numbers) indicate more desirable values: newer build, larger size, or higher assessment, depending on the metric.

Q4: Is this a good candidate for renovation or expansion?
At 2,423 square feet, the lot is small by city standards. Any addition would need to comply with local zoning and setback rules, which may limit expansion options. The existing structure is from 1956, so a renovation would likely involve updating systems and layout, but the compact footprint could keep costs lower than a full reno on a larger home.

Q5: How does the age of the home affect its overall condition?
Buildings from the 1950s often have solid framing but may need updates to electrical, plumbing, insulation, or roofing. A home that ranks in the top 24% on the street for age means it’s relatively newer there, but still well within an era that typically requires attention to maintenance and energy efficiency. A pre-purchase inspection is strongly recommended.