Property Summary: 1433 Pacific Avenue W, Winnipeg
Key Characteristics & Buyer Profile
This is a 1927-built home with 852 sqft of living space on a 2,809 sqft lot, currently assessed at $217,000. Its appeal is rooted in value rather than size. While the living area and land are below city-wide averages, the property ranks strongly within its immediate street and neighbourhood: top 24% on the street and top 22% in the Weston area for assessed value. In other words, it's priced higher than many nearby homes despite being smaller, which suggests good condition, desirable updates, or a solid location within the area.
The year built (1927) is older than the street and neighbourhood average, but typical for this part of the city. Buyers should expect the character and maintenance realities of a nearly century-old home. The lot, while modest by city standards (bottom 8% city-wide), is in line with others on the street and in Weston, making it a typical urban infill lot rather than a spacious yard.
This property would suit buyers who prioritize affordability and location over square footage—first-time buyers looking to enter the market in a central area, or investors seeking a property with relatively strong assessed value relative to its neighbours. It is less suited for those wanting a large home, a modern build, or generous outdoor space.
Five Possible FAQs
1. How does the assessed value compare to the sale price?
The assessed value of $217,000 is above the street and neighbourhood averages ($186.2k and $184.7k respectively), meaning it's seen as a higher-value property in its immediate area. However, it's well below the city-wide average of $390k. The actual sale price may be influenced by factors the assessment doesn't capture, such as recent renovations or market conditions.
2. What should I expect from a 1927-built home?
Homes from this era often have solid construction, but systems like plumbing, electrical, and insulation may be original or dated. It's wise to budget for upgrades. The building's age is typical for the street and neighbourhood, so comparable maintenance concerns apply to nearby properties as well.
3. Is the living space sufficient for a family?
At 852 sqft, this is smaller than the street, neighbourhood, and city-wide averages. It's likely best suited for a couple, a small family, or someone living alone. The floor plan and layout (not detailed here) will determine how usable that space feels.
4. Why is the land area considered "below average" city-wide?
The lot is 2,809 sqft, ranking in the bottom 8% of Winnipeg. Many newer suburban homes sit on lots double or triple that size. However, on Pacific Avenue W, this lot size is around average—typical for older, more central neighbourhoods where land comes at a premium.
5. How does this property rank within Weston specifically?
In the Weston neighbourhood, the property ranks top 22% for assessed value and top 58% for living area. It's above average in value but average in size and age for the area. This suggests the home stands out for its condition or features rather than its dimensions.