1427 Winnipeg Avenue W

1427 Winnipeg Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 1951-built home with 904 square feet of living space on a notably large 5,314-square-foot lot. Its standout feature is the land: it ranks in the top 4% on its street and top 3% in the Weston neighbourhood for lot size. While the living area is below the citywide average, the assessed value ($251,000) is well above both the street and neighbourhood averages, suggesting the land is driving significant value. The home itself is older than many in the city, but its age aligns with the character of the immediate area—most homes on the street date to the 1930s. The property would suit a buyer who values outdoor space, potential for future expansion or redevelopment, or a larger-than-typical yard in an established, older neighbourhood. It may also appeal to someone who prioritizes a lower-cost entry into a stable area where the land holds more long-term potential than the structure.

Five Possible FAQs

1. How does the living space compare to other homes in Weston?
   The 904 sqft is around average for the neighbourhood, ranking in the top 49%. It is slightly smaller than the street average of 1,121 sqft.

2. Why is the assessed value higher than surrounding homes?
   The tax assessment reflects both the structure and the lot. With a land area in the top 3% locally, the value is largely tied to the property’s size and location rather than the house itself.

3. Is the property suitable for renovation or rebuilding?
   The lot size (5,314 sqft) is large for the street and neighbourhood, which could offer flexibility for additions or a future rebuild, subject to current zoning and permitting requirements.

4. How old are the homes in this part of Winnipeg Avenue?
   The typical home on this street was built around 1934. At 1951, this property is newer than most on the block and in the surrounding area.

5. What does the “citywide ranking” really tell me?
   Citywide rankings compare this property to all similar homes in Winnipeg. The land size is average citywide, while the assessed value falls well below the city median of $390,100. This highlights that the property's strength is its relative value within its specific neighbourhood, not across the entire city.