1429 Lincoln Avenue

1429 Lincoln Avenue – Property Summary

Key Characteristics and Appeal

This is a compact, older home on a solid lot in Winnipeg’s Weston neighbourhood. At 744 square feet of living space, it’s significantly smaller than both the neighbourhood average (936 sqft) and the citywide average (1,342 sqft). The house was built in 1945, making it older than roughly three-quarters of homes across Winnipeg, but it’s actually newer than the typical home on its own street.

The assessed value is $201,000, which sits slightly above the street and neighbourhood averages of around $185,000. This suggests the property holds reasonable relative value in its immediate context, even if it looks modest by citywide standards. The land area is 3,461 sqft – again, typical for the street and neighbourhood, but well below the citywide average of 6,570 sqft.

Where the appeal lies: The main draw here is affordability and location within a stable, older neighbourhood. Buyers aren’t paying for space they don’t need. The assessed value-to-size ratio is favourable compared to newer, larger homes elsewhere in the city. It’s the kind of property that might appeal to someone who values a manageable footprint and wants to avoid the premium attached to newer suburban builds.

Who it suits: First-time buyers looking for an entry point into homeownership without stretching into large mortgage territory. Downsizers who want a smaller living space with a decent-sized yard. Investors or renovators who see potential in a postwar home on a standard city lot, where the assessed value suggests room for improvement without being overpriced relative to immediate neighbours.

Frequently Asked Questions

1. How does this property compare to others on the same street?
On Lincoln Avenue, this home ranks in the top 29% for assessed value and top 19% for year built – meaning it’s actually one of the newer and more valuable homes on the block. Its living area is below average for the street, but its land area is slightly above average. So it’s not an outlier; it fits comfortably within the street’s character.

2. Why is the assessed value above the neighbourhood average when the home is smaller?
Assessed value reflects more than just square footage. Factors like lot size, condition, updates, and location within the neighbourhood all play a role. This property’s land area is typical for the area, and if the home has been maintained or improved, that can push value above homes with larger living areas but poorer condition or smaller lots.

3. Is the small living area a problem for resale?
It depends on the buyer pool. Smaller homes tend to sell more slowly in markets dominated by families looking for space. But they also attract buyers priced out of larger homes or those who prioritize location and low maintenance. The key is that this property is priced in line with its size, so it’s not overreaching for the market it sits in.

4. How old is the house, and should I worry about its age?
Built in 1945, the home is older than most in the city, but not unusually old for this neighbourhood. Postwar homes of this era are common throughout Weston. Age alone isn’t a red flag; what matters is how well the structure and systems have been maintained. A home inspection would be the right next step to assess foundation, wiring, plumbing, and insulation.

5. What does “rank” mean in the data provided?
Each ranking compares this property against a set of comparable homes within a defined scope – street, neighbourhood, or citywide. A top 29% rank on assessed value means it performs better than 71% of comparable properties on that street. A top 94% rank on living area citywide means 94% of homes in Winnipeg are larger. Rankings are a relative snapshot, not a judgment of quality.