1402 Lincoln Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,037 sqft home, built in 1945, sits on a 3,712 sqft lot in Winnipeg’s Weston neighbourhood. The numbers tell a story of a property that stands out most at the street and local level, while blending into the citywide averages.
Where it stands out: Compared to other homes on Lincoln Avenue, this property is above average in every category—living area, assessed value, year built, and land size. It ranks in the top 20–27% on the street. At the neighbourhood level, it holds steady around the top third. That suggests the home is a solid, well-positioned option within its immediate context, but not an outlier.
Where it doesn’t: Citywide, the picture shifts. The assessed value ($204,000) and land area fall well below Winnipeg medians. The citywide average assessed value for comparable homes is $390,100, and the average land size is 6,570 sqft—nearly double. The home’s 1945 construction date also places it among older properties citywide (average year built: 1966). So while it’s a strong relative performer on its street, it’s modest by broader city standards.
What this means for a buyer: This property suits someone who values local context over citywide metrics—perhaps a first-time buyer or someone looking for a home that’s well-regarded within its immediate area but priced below city medians. The assessed value suggests it may offer more space and land than many nearby options at a competitive price point. Buyers should note the older construction and smaller lot by city norms, which could mean maintenance considerations or less room for expansion. For someone who wants a home that’s comfortably above average in its neighbourhood without commanding a premium, this could be a practical fit.
Frequently Asked Questions
1. How does this home’s living area compare to others nearby?
On Lincoln Avenue, this home is in the top 21%—the average on the street is 859 sqft, so you’re getting roughly 20% more space than a typical neighbour. In the Weston neighbourhood, it’s top 31%. Citywide, it’s around average for comparable homes, just slightly below the 1,342 sqft city median.
2. Is the assessed value a good indicator of market price?
Assessed value reflects the city’s estimate for property tax purposes, not necessarily current market value. At $204,000, this home is above the street and neighbourhood averages ($186,000 and $184,700 respectively), which suggests it’s considered a stronger property locally. But citywide, it’s well below the $390,100 median—so it may be priced more modestly than many homes across Winnipeg. A local real estate agent can help interpret what this means for a realistic listing price.
3. The home was built in 1945—what should I expect?
Homes from this era often have solid framing but may need updates to insulation, electrical, plumbing, or windows. It’s newer than the average on Lincoln (where many homes date from the 1930s) and in the neighbourhood (average 1937), but older than the citywide average of 1966. Buyers should budget for a home inspection that pays particular attention to systems and structure.
4. Why is the land area listed as “below average” citywide?
The lot is 3,712 sqft—above average for Lincoln Avenue (3,219 sqft) and slightly above the Weston neighbourhood average (3,269 sqft). But citywide, the average for comparable homes is 6,570 sqft. Many newer developments or suburban properties sit on larger lots, so by that measure this is a smaller property. That could mean less yard maintenance and a more established, walkable neighbourhood—but also less space for additions or gardening.
5. Who would this home not be a good fit for?
Buyers looking for a large lot, a newer build, or a property that ranks highly across all citywide comparisons might find it limited. It’s not a standout outside its immediate area. Similarly, someone wanting a turnkey home with modern systems should factor in the age. But for someone prioritizing a strong relative position within a specific street or neighbourhood, this property offers a solid, above-average option without a premium price tag.