1449 Pacific Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s Weston neighbourhood. At 572 square feet of living space, it's significantly smaller than the street average (986 sqft), the neighbourhood average (936 sqft), and the citywide average for comparable homes (1,342 sqft). The lot measures 2,478 square feet—also below typical sizes at all three levels.
The property was built in 1927, around the average for its street and neighbourhood, but older than most homes citywide. Its assessed value is $123,000, which is below the average for the street ($186.2k) and neighbourhood ($184.7k), and sits well under the citywide average of $390.1k. Rankings put it in the bottom quartile for lot size on the street and the bottom 25% for living space in the neighbourhood.
The main appeal here is affordability and entry-level pricing in an established urban area. For a buyer who wants to own in Winnipeg with a low purchase price, this property offers a foothold without the cost of a larger home. The smaller footprint and lot also mean lower maintenance, property taxes based on a modest assessment, and potentially less upkeep overall. However, the numbers make clear that this is not a home for someone seeking space, a large yard, or modern dimensions. It would suit a first-time buyer, a single person, or a couple who prioritize location and low cost over square footage. It may also appeal to an investor looking for a low-cost rental with modest carrying costs—though the small size limits tenant potential. One less obvious angle: the older construction year could mean solid materials and character details that newer builds lack, but it may also come with deferred maintenance or outdated systems, which a buyer should verify in person.
Frequently Asked Questions
1. Why is the assessed value so low compared to other homes in the area?
The $123,000 assessment reflects the small living area (572 sqft) and smaller lot size relative to most properties on the street and in Weston. Assessed value is based on comparable sales and physical characteristics, so a compact home like this naturally lands below the neighbourhood norm. It does not necessarily indicate poor condition, but it does mean the property is priced at a different tier than the average home nearby.
2. Is a 1927 home likely to have major issues?
Homes from that era can have durable construction, but they often need updates to electrical, plumbing, insulation, and foundations. The fact that the building is "around average" for its street and neighbourhood suggests it's typical for the area—neither exceptionally well-preserved nor unusually neglected. A home inspection is strongly recommended to assess the actual condition, as the ranking data only describes age, not upkeep.
3. How does the small living area affect resale potential?
A 572 sqft home appeals to a narrow buyer pool—mostly singles, couples without children, or downsizers. Resale may take longer than a larger property, and appreciation could lag behind the neighbourhood average for the same reason. That said, entry-level homes in urban areas often hold value if they're well-maintained, because they remain the most affordable option on the market.
4. What’s the neighborhood like in Weston?
Weston is an older, established area in Winnipeg with a mix of residential streets, local services, and access to major routes. The property rankings show that smaller lots and older homes are common here—this house fits the neighbourhood character rather than standing out. Buyers should expect an urban setting with mature trees and nearby amenities, not a newer suburban development.
5. Can I renovate or expand this property?
The 2,478 sqft lot is below average for the street and area, so any expansion would depend on local zoning setbacks and lot coverage limits. Adding square footage—whether through a main-floor addition or a second storey—may be possible, but the small lot restricts options. A buyer considering renovations should check with the city’s planning department before making plans.