1556 Alexander Avenue – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1911-built home with 933 square feet of living space on a 2,152-square-foot lot. Its assessed value is $207,000. The property sits on Alexander Avenue in the Weston neighbourhood of Winnipeg.

Where this home stands out is in value relative to its street and neighbourhood. It ranks in the top 27% for assessed value on both Alexander Avenue and within Weston, meaning it’s priced above many nearby comparables. That said, both the citywide assessment average ($390,100) and citywide living area average (1,342 sqft) are considerably higher—so this property is more affordable than much of Winnipeg’s housing stock overall.

The home is older than most in the area: built in 1911, while the street and neighbourhood averages are both 1937. The lot is also smaller than typical for Weston (2,152 sqft vs. 3,269 sqft average) and significantly smaller than the citywide average. Living space is roughly average for the street but slightly below the neighbourhood norm.

Appeal lies in affordability and relative value. For a buyer who wants to own in an established inner-city neighbourhood without paying above-market prices, this home offers a lower entry point than many citywide options. The above-average assessment on the street suggests the property may hold its value well compared to immediate neighbours.

This would suit: first-time buyers priced out of newer or larger homes elsewhere in Winnipeg; investors looking for a smaller, older property in a stable area; or someone who values a compact, lower-maintenance home and doesn’t need a large yard. It’s less suited to those seeking modern construction, generous lot size, or space for a growing family.

Frequently Asked Questions

1. How does the lot size compare to other homes in Weston?
It’s well below average. The lot is 2,152 sqft, ranking in the bottom 5% of the neighbourhood (top 95%). Much of Weston has lots around 3,269 sqft, so this yard is noticeably compact—better for low-maintenance living than for gardening or outdoor entertaining.

2. Is the assessed value of $207,000 realistic for the area?
Yes, and it’s above the street and neighbourhood averages (both around $184,000–$185,000). The assessment suggests this property is valued higher than many nearby homes, which could be due to condition, upgrades, or location within the street. However, it’s still well below the citywide average of $390,000, so it remains an affordable option by Winnipeg standards.

3. The home was built in 1911. Are there common concerns with houses this age?
Generally, yes. Older homes may have outdated electrical, plumbing, or insulation. The foundation and roof should be inspected carefully. That said, many 1910s homes in Weston have been updated over the years—so it’s worth checking what renovations have been done rather than assuming the worst.

4. How does the living space compare to other homes in the city?
It’s below average. The 933 sqft ranks in the bottom 19% citywide (top 81%). For reference, the average comparable home in Winnipeg has about 1,342 sqft. This is a comfortably sized home for one or two people, but tight for a family or anyone wanting separate dining, office, or guest space.

5. What’s the neighbourhood like for resale value?
Weston itself sits around the middle of the pack for assessed values (top 46% for living area, top 27% for value). It’s an older, established area with modest homes, and values here tend to be stable rather than rapidly appreciating. The property’s above-average assessment on its street is a positive sign, but buyers should not expect dramatic short-term gains—this is more of a steady, affordable hold than a high-growth investment.