1566 Alexander Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,000 sqft home built in 1911, on a 2,154 sqft lot in the Weston area of Winnipeg. Its assessed value is $188,000.

Where its appeal lies:
The property sits in a sweet spot between affordability and location. While the lot and living area are both smaller than average citywide, the home ranks well within its own street and neighbourhood for value. The assessed value is above average on Alexander Avenue and in Weston, yet well below Winnipeg’s citywide average of $390k. This suggests the home offers relative value for someone wanting to be in an established, older neighbourhood without paying citywide premiums. The year built (1911) places it among older homes even by Weston standards—this will appeal to buyers who appreciate character, solid pre-war construction, or a fixer-upper with bones, but may not suit those wanting modern layouts or energy efficiency without renovation.

Who it suits:
First-time buyers priced out of newer or larger homes elsewhere in the city. Investors looking for an entry-level property in a stable, older neighbourhood with modest land but good street-level value. Buyers who prioritize location over square footage and don’t need a large yard. It may also suit downsizers who want a single-storey or small-footprint home without moving to a condo.

Five Frequently Asked Questions

1. How does this home’s size compare to others nearby?
On Alexander Avenue, the home is around average for living area (1,000 sqft vs 1,015 avg). In the broader Weston neighbourhood, it’s also near average (936 avg). Citywide it’s below average, but that’s largely because Winnipeg has many newer, larger homes on bigger lots. If you’re comparing to homes on the same street or in Weston, you’re not getting anything unusually small.

2. Is the assessed value realistic relative to the condition?
The assessment at $188k is above both the street and neighbourhood averages (around $184k). This suggests the city values it slightly higher than the typical home in the immediate area. Still, it’s far below citywide median. Whether this reflects actual condition depends on the inspection—older homes (1911) can have deferred maintenance. The assessment alone doesn’t tell you about roof, foundation, or mechanicals.

3. The lot is small. Is that a problem?
Yes and no. The land area (2,154 sqft) is among the smallest on the street and very small for the city overall. If you want a large garden, workshop, or room for an extension, this lot will feel tight. But smaller lots often mean lower property taxes, less yard work, and a more walkable, denser street pattern. In Weston, many older homes are on modest lots—so for the neighbourhood, this isn’t unusual, just at the lower end.

4. What does the year built (1911) mean in practical terms?
A 1911 home likely has plaster and lath walls, original wood trim, and possibly knob-and-tube wiring or an old foundation. It may also have lead paint or outdated plumbing. The upside: solid old-growth lumber, high ceilings, and a layout that predates modern open-concept trends. Renovations can be more involved due to non-standard framing. A home inspection and a conversation with a contractor experienced in pre-war homes would be wise.

5. How does this property compare to others in Winnipeg for investment potential?
It ranks in the bottom 7% citywide for assessed value and bottom 1% for land area. That doesn’t mean it’s a bad investment—it means it’s a different asset class. The low land value limits redevelopment or speculation upside, but the home’s street-level ranking is decent. For a buy-and-hold rental or starter home, affordability is the main draw, not long-term land appreciation. Neighbourhood trends in Weston would matter more here than citywide averages.