1403 Lincoln Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1926-built home offers 1,148 square feet of living space on a 3,193-square-foot lot. Its strongest selling point is the living area: it ranks in the top 13% on its street and top 17% in the Weston neighbourhood, meaning it’s noticeably roomier than most nearby homes. The assessed value, at $200,000, sits around average for the street and neighbourhood but well below the citywide average, reflecting both the older housing stock and the area’s affordability. The land area is close to the local median, though the lot is about half the size of a typical Winnipeg property. The home itself is older than most—built nearly a decade before the street average and four decades before the city average—which may appeal to buyers who appreciate pre-war character or are looking for a renovation project.
Where the appeal lies: This property is a good fit for someone who wants above-average interior space without paying a premium for it. The combination of a larger floor plan and a below-city-average price tag makes it stand out, especially for first-time buyers or small families who need room but are priced out of newer or more central neighbourhoods. The assessed value being close to the neighbourhood median also suggests the price is aligned with local expectations, not inflated.
Type of buyer it suits: Practical buyers who prioritize square footage over a modern finish or a big yard. It would suit someone comfortable with an older home—either a renovator looking to add value by updating the interior, or a buyer who simply doesn’t mind the age and wants more space per dollar. It is less suited to anyone who wants a large lot, a newer build, or a property with strong citywide resale comparables.
Five Frequently Asked Questions
1. How does the living area compare to other homes in Weston?
It’s well above average. The home ranks in the top 17% of over 1,700 comparable properties in the neighbourhood. Most nearby homes are around 936 square feet, so this one offers about 200 extra square feet—roughly the size of an extra bedroom or a home office.
2. Is the assessed value of $200,000 a good deal for this area?
Relative to the street and neighbourhood, it’s right around the median, so it’s not unusually cheap or expensive. But compared to the citywide average of $390,100, it’s significantly lower. That gap reflects the age of the home and the neighbourhood’s overall market, not necessarily a problem with the property itself.
3. The home was built in 1926—should I expect major maintenance issues?
It’s an older home, and the year-built ranking puts it in the bottom 20% for the street and bottom 15% citywide. That doesn’t guarantee problems, but it does mean the electrical, plumbing, and foundation systems may be original or near the end of their lifespan. A thorough home inspection is strongly recommended, with attention to knob-and-tube wiring, lead pipes, and the state of the roof and basement.
4. Is a 3,193-square-foot lot typical for the neighbourhood?
Yes—it’s almost exactly the average for both the street and the Weston area. However, it’s well below the citywide average of 6,570 square feet, which includes newer suburban lots. If you’re used to a large Winnipeg lot, this one will feel compact, but it’s standard for the older part of town.
5. How does this property stack up for resale value?
The interior size and location within Weston are both strong points. The biggest factor for future value will be how the home is maintained and updated. Because the property is older and the assessed value is already below average, there’s potential to build equity through renovations, especially to the kitchen, bathroom, or mechanical systems. However, the smaller lot and older age may limit appreciation compared to newer homes in more central or growing areas.