1422 Pacific Avenue W — Property Summary
Key Characteristics & Buyer Fit
This is a 792 sqft home built in 1951, sitting on a 2,507 sqft lot. Its standout feature is affordability relative to the city at large. The assessed value is $199,000—well below the Winnipeg average of $390,100—placing it in the top 92% of properties citywide for low valuation. That said, it’s priced slightly above its own street and neighbourhood averages ($186,200 and $184,700 respectively), which suggests it’s not a bargain within its immediate context.
The living area is below average citywide, but right in line with similar homes on the street and in the Weston neighbourhood. The lot is on the smaller side, especially compared to city norms, though not remarkably small for the street. The year built is older than most homes in Winnipeg, but newer than many on this street and in the neighbourhood—so it’s relatively “young” for an older pocket of the city.
Appeal: This property suits buyers who are looking for an entry-level home in a more established, older part of the city. It’s not a starter home in a new subdivision. The draw is lower entry cost and a quieter street character. It would likely appeal to someone who values a manageable footprint and a more modest financial commitment over space or a large yard. Investors might look here for a lower-cost rental with reasonable neighbourhood positioning, though the smaller lot and older construction limit upside without renovation.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
It’s a bit above the street and neighbourhood averages ($199k vs. ~$185k), but far below the citywide average. This suggests the property is priced for its immediate area, not undervalued.
2. Is the home smaller than typical for its area?
The living area (792 sqft) is right around average for both the street and Weston. Citywide it’s below average, but within its immediate context it’s typical.
3. What’s the lot like compared to others in the neighbourhood?
The lot is 2,507 sqft—slightly smaller than the street average (2,925 sqft) and below the neighbourhood average (3,269 sqft). Citywide it’s very small. If a large yard matters, this lot may feel tight.
4. How old is the house, and how does it compare to nearby homes?
Built in 1951. That’s newer than the median on the street (1936) and in the neighbourhood (1937), but older than the Winnipeg median (1966). It’s an older home in a newer-city context, but not unusual for its immediate area.
5. Who would this property most likely suit?
First-time buyers who want an older, smaller home without paying a premium for space or lot size. Also possible for someone looking for a lower-cost property in a more established neighbourhood, as long as they’re comfortable with an older structure and a compact lot.