This 890 sqft home, built in 1936, sits on a 2,474 sqft lot in Winnipeg’s Weston neighbourhood. Its main appeal is its entry-level price point—the assessed value of $160,000 is notably below both the street and neighbourhood averages, and significantly under the citywide median of $390,100. The property is compact by modern standards, with living space ranked in the top 33% on its street but only the top 84% citywide. The lot is also smaller than most in the area.
Where this property stands out is in its affordability within a well-established street and neighbourhood. The house is of a similar age to its neighbours (average build year 1936 on the street), meaning the area has a consistent, older character rather than being a mix of new and old. For a buyer, this represents a trade-off: you get a lower entry cost in a location with character and established homes, but the smaller footprint and lower assessed value likely reflect a property that may need updates or has limited expansion potential compared to newer or larger homes in the city.
This property would suit a first-time buyer or an investor looking for an affordable entry into a stable, older neighbourhood. It may also appeal to someone who values a compact, manageable home and a lower purchase price over modern square footage or a large yard. It is less suited to families needing significant space or buyers seeking a move-in-ready, large-lot property.
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How does the assessed value compare to similar homes nearby?
The assessed value of $160,000 is below the average on Lincoln Avenue ($186,000) and in the Weston neighbourhood ($184,700). Citywide, it is in the bottom 4% by value, reflecting a more affordable price than the vast majority of Winnipeg homes.
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Is the living space considered small for the area?
Yes, but not dramatically so. At 890 sqft, it’s slightly larger than the street average of 859 sqft (top 33%), and close to the neighbourhood average of 936 sqft. It only feels small when compared to the citywide average of 1,342 sqft, so it’s typical for its immediate surroundings.
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What does the land size mean practically?
The 2,474 sqft lot is smaller than most in Weston (average 3,269 sqft) and much smaller than the citywide average. This likely means a modest backyard and limited space for additions or a garage, but also less yard maintenance.
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How old is the house, and is that a concern?
Built in 1936, it is the same vintage as most homes on Lincoln Avenue and in Weston. While older construction often means solid materials, it also suggests potential for older systems (plumbing, electrical, insulation) that a buyer should budget to inspect and possibly update.
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Is this a good property for a first-time buyer in Winnipeg?
It could be, especially if budget is a primary concern. The low assessed value relative to citywide averages points to a lower purchase price. However, the smaller lot and older home may require more maintenance or compromise on space compared to a newer starter home in a different area.