1421 Pacific Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a small, older home in Winnipeg’s Weston neighbourhood, built in 1913 with 587 square feet of living space on a 2,478-square-foot lot. Its assessed value is $134,000. Across all four metrics—living area, lot size, assessed value, and age—the property ranks well below both neighbourhood and citywide averages.
The main appeal is affordability. At $134,000, it sits in the bottom 2% of citywide assessed values, making it one of the most budget-friendly options available. For a buyer willing to take on a fixer-upper or a smaller footprint, this could be a rare entry point into homeownership. The lot, while modest by city standards (bottom 4%), is still sizable relative to the house itself, leaving some room for expansion or outdoor use.
This property would suit a first-time buyer with limited capital, someone looking for a low-cost renovation project, or an investor seeking a rental property in a working-class area. It is less suited to families needing space or buyers expecting move-in condition.
Frequently Asked Questions
1. Is this a tear-down, or can the house be lived in as-is?
The data doesn’t speak to condition, but the low assessed value and small size suggest it’s likely dated and may need significant work. A home inspection is essential. Some buyers use properties like this as full gut renovations; others might find it livable with cosmetic updates.
2. How does the assessed value compare to actual sale prices?
Assessed value is a rough benchmark, not a market price. In Weston, sale prices can vary widely depending on condition. This property’s assessment ($134,000) is below the street average ($186,000) and well below the neighbourhood average ($185,000), which implies it may need more work than nearby homes.
3. What’s the neighbourhood like?
Weston is an older, predominantly residential part of Winnipeg with a mix of postwar and early-20th-century housing. It’s not a high-growth area, but it has established amenities and is close to the downtown core. Buyers should research local schools, transit, and crime statistics for a fuller picture.
4. Could I add square footage or a second storey?
The lot is small but not unusually so for this street (2,478 sqft). Adding square footage would depend on zoning, setback requirements, and the condition of the existing foundation. A structural engineer and local planning department would be the best sources of guidance.
5. Why is the year built (1913) considered “average” for the street?
Many homes on this street were built in the same early-1900s era, so a 1913 build isn’t unusually old here. However, citywide, it’s older than 90% of properties. This means the home may have older wiring, plumbing, and insulation—factor that into renovation budgets.