Property Overview & Key Characteristics
This one-storey home at 1414 Lincoln Avenue in Winnipeg's Weston neighbourhood is a classic, no-frills property built in 1927. Its primary appeal lies in its solid fundamentals and value within its context. The lot is a notable asset, ranking in the top 15% of the neighbourhood for size at 2,474 sqft, offering good outdoor space potential. The home itself is compact at 728 sq ft of living area, but this ranks surprisingly high (top 7%) city-wide, indicating efficient use of space relative to many Winnipeg properties. It features a detached garage and an unrenovated basement.
The home suits practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a property that needs updating, an investor looking for a straightforward rental, or someone seeking a lower-cost entry into homeownership with a land value play. Its strong rankings for lot size and assessed value within a historic area suggest it's a stable, grounded purchase rather than a luxury one. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—a well-located, century-old structure on a good piece of land where the future value will be driven by the owner's vision and incremental improvements.
Frequently Asked Questions
1. What does the assessed value tell me?
The assessed value of $17,100k is a municipal figure for tax purposes. It ranks in the top 7% city-wide and is consistent with recent nearby sales, suggesting the home is valued appropriately within its market segment, but the final sale price is determined by the open market.
2. How does the lot size compare?
At 2,474 sqft, the lot is a key feature. It's larger than 85% of lots in the Weston neighbourhood, offering more private outdoor space than is typical for the area, which is a significant advantage for gardening, expansion, or simply having room to breathe.
3. What should I know about the "unrenovated basement"?
This means the basement is in original or functional condition but has not been modernized or finished as living space. It provides essential utility storage and mechanicals but will require investment if you wish to create additional living or recreational space.
4. How does this home rank for its age?
Built in 1927, it's older than 85% of homes in Winnipeg. However, within its own street and neighbourhood, it ranks around the middle, meaning it's typical for the area. Buyers should expect the character and potential maintenance considerations of a near-century-old home.
5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready, modernized home or those needing significant interior space immediately. The compact main floor and unrenovated basement require a willingness to live with existing conditions or undertake projects over time.