Property Overview: 1623 Alexander Avenue

Key Characteristics & Ideal Buyer Profile

This is a 1913-built home with 640 sq ft of living space on a 2,423 sq ft lot, located in Winnipeg’s Weston neighbourhood.

The property’s main appeal is its affordability relative to city-wide averages. The assessed value sits at $179,000—well below Winnipeg’s typical $390,000—and the property taxes would reflect that lower base. For buyers focused on keeping monthly housing costs down, that’s the primary draw.

That said, the numbers reveal a clear trade-off. Both the living area and lot size rank in the bottom percentiles across the city. The home is smaller than most nearby properties on Alexander Avenue and in Weston generally. The structure is over a century old, placing it among the older homes in an already older neighbourhood (the area’s average build year is 1937). This isn’t a turnkey property for someone seeking modern square footage or a large yard.

This home suits a buyer who values low entry cost over space. It would work well for a single person, a couple, or someone willing to invest in renovations over time. It could also appeal to an investor looking for a lower-priced entry into the Weston area, provided they’re comfortable with the age-related maintenance that comes with a 1913 home. The location might also attract buyers who prioritize being in a specific part of Weston—for example, those with family nearby or a job within a short commute—and are willing to compromise on size.

Frequently Asked Questions

1. How does the property’s size compare to others in the area?
The home’s 640 sq ft living area is smaller than the Alexander Avenue average of roughly 1,015 sq ft and the Weston neighbourhood average of 936 sq ft. The 2,423 sq ft lot is also below neighbourhood averages—closer to 3,269 sq ft in Weston and well under the city-wide typical lot.

2. What does the assessed value of $179,000 actually mean for a buyer?
The assessed value is used to calculate property taxes. At $179,000, it’s near the median for Alexander Avenue and Weston, but far below Winnipeg’s median of $390,000. So while taxes will be moderate relative to the city as a whole, they aren’t unusually low for this specific street or neighbourhood.

3. Is this an old home that will need a lot of work?
Built in 1913, it’s older than most homes in Winnipeg. That doesn’t automatically mean it’s in poor condition, but a thorough inspection is essential. Buyers should budget for potential issues with outdated electrical, plumbing, insulation, or foundation work, which are common in homes of this era.

4. Why does the ranking system show “worse” for some categories?
The rankings compare this property to others in the same street, neighbourhood, and city. A rank in the bottom 90–98% for living area or lot size just means most comparable homes are larger. It’s not a judgment on quality—just a factual comparison of physical dimensions and assessed value.

5. Would this property work as a rental investment?
Potentially, but with caveats. The low purchase price could mean a decent cash-on-cash return if it rents for a reasonable amount relative to the investment. However, the small size limits the tenant pool (likely singles or couples), and ongoing maintenance on a 112-year-old home could eat into profits. A conservative budget for repairs and vacancies would be prudent.