1405 Lincoln Avenue – Property Summary
Key Characteristics and Buyer Profile
This 1926-built home at 1405 Lincoln Avenue offers 704 square feet of living space on a 3,193-square-foot lot, with a current assessed value of $201,000. While the living area is notably smaller than both city and neighborhood averages, the property’s value holds up well relative to its street and immediate area. On Lincoln Avenue itself, it ranks in the top 29% for assessed value, above the street average of $186k. But citywide, it lands in the bottom 8% (top 96%), reflecting how far Winnipeg’s averages are pulled up by newer, larger homes.
The appeal here is less about space and more about affordability and location context. The lot is close to typical for the street and neighborhood (around 3,200 sqft), but well below city-wide norms. The home is older than most on the street and in the neighborhood—built nearly a decade before the street average of 1936—which may appeal to buyers who appreciate pre-war character or are looking for a renovation project in an established area.
This property would best suit a first-time buyer, an investor, or a downsizer who prioritizes a lower purchase price over square footage. It may also attract someone who values a consistent, older neighborhood over newer suburban subdivisions. Buyers should be comfortable with a smaller footprint and the potential maintenance that comes with a century-old home.
Five Possible FAQs
1. How does this home’s assessed value compare to similar properties in the area?
On its street, the assessed value is above average—roughly $15k higher than the street median. In the Weston neighborhood, it’s also above the local average. However, compared to Winnipeg as a whole, it sits well below typical values, largely because citywide averages are pulled up by newer, larger homes in other areas.
2. The living area is only 704 sqft—is that typical for the street or neighborhood?
It’s below the street average (859 sqft) and the neighborhood average (936 sqft). Citywide, the gap is even larger. So no, it’s not typical, but it’s also not unusually small for older homes in this part of the city—some comparable properties on the same street are even smaller.
3. The year built is 1926. What should I know about a home this old?
It’s older than the average home on the street (1936) and the neighborhood (1937). Citywide, most homes are newer (average 1966). Expect original framing, potential knob-and-tube wiring, lead paint risks, and possibly outdated plumbing. A thorough home inspection is strongly advised—especially for foundation, roof, and insulation.
4. How does the land area compare to other homes in Winnipeg?
The lot is 3,193 sqft, which is almost exactly average for the street and just slightly below the neighborhood average. But citywide, typical lots are more than double that size (6,570 sqft on average). So while the lot is modest, it’s standard for this older, more central part of the city.
5. Why is the home ranked relatively well on its street but poorly citywide?
Street-level rankings compare only to other houses on Lincoln Avenue, where properties tend to be smaller and older. Citywide comparisons include all homes across Winnipeg—many in newer suburban developments with larger houses and lots. The home performs well locally but gets dwarfed in the broader market.