140 Worth Street – Property Summary
Key Characteristics & Buyer Profile
This is a compact one-bedroom or starter home in the Weston area of Winnipeg, with 598 square feet of living space—significantly smaller than typical homes on its street (830 sqft average), in the neighborhood (936 sqft), and citywide (1,342 sqft). The property sits on a generous 3,646 sqft lot, which is close to the street and neighborhood averages but well above the norm for its immediate street ranking. Built in 1946, the home is older than the citywide average but newer than the majority of houses on Worth Street and in Weston, where many homes date from the late 1930s. The assessed value is $161,000, notably below the street average of $192,500 and the neighborhood average of $184,700, and far below the citywide average of $390,100.
The appeal here is not in square footage or finishings, but in affordability and land. For a buyer who values outdoor space over indoor room count, or who is willing to renovate or add on, the large lot offers potential that many smaller city properties lack. The low assessed value also means lower property taxes relative to most Winnipeg homes. This property would best suit a first-time buyer looking to get into the market with a small down payment, a downsizer who wants a manageable interior but a decent yard, or an investor seeking a low-cost entry in a stable, older neighborhood with older housing stock. The rankings show that the home is priced at the very bottom citywide (top 96% for affordability), which is its strongest selling point—but the small living area is a clear trade-off.
FAQs
1. Is this a good value for a first-time buyer?
Yes, relative to citywide prices. The $161,000 assessed value is well below the city average, and the property is among the most affordable 5% of homes in Winnipeg. However, the small living area (598 sqft) means it’s not comparable to a typical starter home in terms of space. You’re buying a small interior with a large lot—so your value is in the land, not the house size.
2. How does the lot size compare to similar homes?
The lot is 3,646 sqft, which is slightly below the street average (3,735 sqft) but above the Weston neighborhood average (3,269 sqft). Citywide, it’s well under the average lot (6,570 sqft), but that figure is skewed by newer subdivisions with larger plots. In this older area, the lot is fairly standard—not oversized, but not cramped.
3. Is the house in good condition?
The data provided doesn’t include condition or renovation history. The 1946 build date suggests it may have original systems or need updates, though many homes in Weston were built around the same time. A home inspection is strongly recommended, especially for the mechanicals and foundation.
4. What are property taxes likely to be?
Property taxes are based on assessed value. At $161,000, the tax bill will be significantly lower than most city homes. You can multiply the assessed value by the current municipal mill rate (available on the city’s website) to get a rough estimate. The low assessment is one of the property’s main financial advantages.
5. Could I add square footage to this house?
Potentially, but it depends on zoning, lot coverage rules, and setback requirements for the Weston area. The large lot may allow for an addition or a secondary suite, but you’d need to check with the City of Winnipeg’s planning department. Given the lot is close to the street average, expansion isn’t guaranteed—just more feasible than on a tiny inner-city lot.