1399 Elgin Avenue W – Property Summary

Key Characteristics & Buyer Profile

This 1,346 sq ft home, built in 1983, sits on a 5,712 sq ft lot in Winnipeg’s Weston neighbourhood. Its strongest feature is land. The lot ranks in the top 1% for size within Weston and top 7% on Elgin Avenue, where the average lot is just over 3,600 sq ft. The assessed value reflects this scarcity: $322,000 places it in the top 5% on the street and top 2% in the area, despite the house itself being modestly above average in living space.

The appeal is less about a flashy interior and more about underlying value. A 1983 build is newer than most homes on the street (the street average is 1932) and in the neighbourhood (average 1937), which can mean fewer major structural updates compared to older stock. Yet the home ranks as “around average” citywide for both size and value, suggesting it sits in a pocket where land is undervalued relative to the rest of Winnipeg. For someone willing to invest in cosmetic or functional upgrades, the gap between current assessed value and the land’s potential is where the opportunity lies.

Suitable buyers: Those who prioritise outdoor space and lot size over a move-in-ready interior. This property would appeal to a buyer comfortable with updating a home from the 1980s, or someone looking to hold for long-term land appreciation in an established, older neighbourhood. It’s less suited to someone seeking a turnkey property or a compact, low-maintenance yard.

Five Frequently Asked Questions

1. What does “Top 1%” for land area mean in practical terms?
It means you have significantly more yard than nearly every other property in the Weston neighbourhood. The average lot in that area is about 3,269 sq ft; this one is 5,712 sq ft. That extra space could accommodate a large garden, a shop, or future expansion, but it also means more maintenance.

2. The assessed value is high for the street but average citywide. Why?
On Elgin Avenue, most homes are older and smaller, with a street-average assessed value of around $190k. This property’s larger lot and newer construction push it well above that local baseline. But citywide, Winnipeg includes many newer subdivisions and higher-value neighbourhoods, so the $322k figure lands near the middle of the pack.

3. Is a 1983 home considered old or new in this area?
New. Most homes on Elgin Avenue were built in the 1930s. A 1983 build is roughly 50 years newer than the street average, and about 45 years newer than the Weston neighbourhood average. That often means better insulation, updated electrical, and fewer legacy issues like knob-and-tube wiring.

4. How do the rankings work, and what do the colour tiers mean?
Properties are ranked within each scope (street, neighbourhood, city). The fill length shows what percentage of comparable homes you outperform. Tiers indicate relative position: red for elite (top 5–10%), blue for above average, amber for around average, grey for below average. “Avg” is a rough median for similar homes in that scope.

5. Is this property priced below market compared to similar homes citywide?
It depends on what you compare it to. It’s priced above its street and neighbourhood averages due to the lot and age, but it’s below the citywide average of $390k for comparable homes. This may reflect that the Weston area hasn’t experienced the same price appreciation as more central or newer parts of Winnipeg, making it a relative value for a buyer focused on land.