1398 Elgin Avenue W – Property Summary
Key Characteristics & Buyer Profile
This single-family home in Winnipeg’s Weston neighbourhood offers 1,087 square feet of living space on a generous 3,897-square-foot lot. Built in 1906, it sits on Elgin Avenue West, where the living area sits close to the street average, but the lot stands out—ranking in the top 28% on the street and top 29% in the neighbourhood. The assessed value is $181,000, roughly in line with street and area averages, but well below the citywide median.
The appeal here is straightforward: you get more land than most nearby homes, in a neighbourhood where lots tend to be smaller. The house itself is older, which will appeal to buyers who are comfortable with maintenance and character, but it’s not priced at a premium. The low citywide assessed value relative to the Winnipeg average (top 94%) suggests the property is affordable compared to the broader market—but that also reflects its age and condition relative to newer builds.
This property suits buyers who value outdoor space over a turnkey interior: first-time homeowners looking to build equity through sweat equity, investors seeking an infill opportunity, or anyone wanting a larger lot in a central Winnipeg neighbourhood without paying a premium for a renovated house. The home’s age (1906) means it likely needs updates, but the land alone offers flexibility.
Frequently Asked Questions
1. How does this home compare to others on the street?
The living area is roughly average for Elgin Avenue W, but the lot size is above average. The assessed value is slightly below the street median, and the year built is older than many neighbours—but not dramatically so for the area (street average is 1932).
2. Is the property a good candidate for redevelopment?
The lot (3,897 sqft) is larger than most in Weston, but citywide it’s below average. In Winnipeg, that size could support a small infill or duplex depending on zoning, but you’d want to check current bylaws. The low assessed value relative to land suggests the structure adds minimal value.
3. Why is the citywide assessed value so low relative to the neighbourhood?
The home’s age and likely condition keep its value below the Winnipeg average of $390k. But in Weston, assessed values are more modest (neighbourhood average: $184.7k), so the home is priced in line with its immediate area. The big gap is versus newer suburban homes.
4. What should I expect from a house built in 1906?
Older homes often have solid framing but may need electrical, plumbing, insulation, or foundation work. The fact it’s still standing in a neighbourhood of 1930s averages suggests it’s been maintained, but a thorough inspection is essential—especially for knob-and-tube wiring, lead pipes, or settling.
5. How does the living area compare to the neighbourhood?
At 1,087 sqft, it’s above average for Weston (936 sqft neighbourhood average) but below the citywide average (1,342 sqft). So it’s a comfortable size for the area—more spacious than many nearby homes, but not oversized for Winnipeg overall.