1460 Logan Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 700 sqft home built in 1945 on a notably sized lot of 4,074 sqft, located in Winnipeg’s Weston neighbourhood. The property’s strongest asset is its land. It ranks in the top 30% on its street and top 22% in the neighbourhood for lot size—well above the local averages of 3,664 sqft and 3,269 sqft respectively. The house itself is compact, even by older-home standards; the living area is below average at every level—street, neighbourhood, and citywide. Its assessed value of $181,000 sits close to local medians ($187,800 on the street, $184,700 in the area) but is well below the citywide average of $390,100, reflecting both its modest size and the character of the neighbourhood.
The appeal here is land value and potential. For a buyer who values outdoor space, gardening, parking, or room for an addition or secondary dwelling, the oversized lot gives flexibility that many homes in this price range lack. The house itself is a viable starter home or investment property, but it’s not a “move-in ready” showpiece—its value is more in what could be done with the site than in the existing finishings. It would best suit a hands-on buyer, someone comfortable with a smaller living space who sees long-term upside in the land, or an investor looking to renovate, hold, or eventually redevelop. The below-average living area and older construction date (1945) mean it’s not ideal for anyone needing generous interior square footage or turnkey modern finishes without additional work.
Five Possible FAQs
1. Why is the living area ranked so low when the lot is above average?
This is a common pattern in older urban neighbourhoods. The house was built in 1945, when 700 sqft was a typical family home size. Over the decades, many neighbouring properties have been expanded or replaced with larger structures, making this one of the smaller footprints on the street. The lot, however, was likely part of a standard subdivision of that era, so it remains generous even as houses around it grew.
2. Does the assessed value of $181k reflect the property’s market value?
Not necessarily. Assessed values are used for property tax calculations and lag behind market conditions. In this case, the assessment aligns closely with comparable homes on the street and in Weston, but that doesn’t mean it’s the final sale price. Buyers and sellers should look at recent sales of similar properties in the area (especially those with large lots) for a more accurate market picture.
3. Is this property suitable for building an addition or a secondary suite?
Potentially yes, but it depends on Winnipeg’s zoning and setback rules. The lot is 4,074 sqft, which gives more room than many neighbouring properties. Any expansion would need to comply with current bylaws and likely require a permit. It’s worth checking if the property is zoned for a secondary suite or if a variance would be needed. In older neighbourhoods like Weston, lot depth and width can make additions feasible, but it’s not a guarantee.
4. How does the year built (1945) affect maintenance or renovation costs?
Homes from this era often have solid foundations and good bones, but systems (electrical, plumbing, heating) may be original or outdated. Renovations tend to cost more than in newer homes because of lead paint, asbestos, or non-standard framing. On the positive side, older homes in Weston are often built with materials that hold up well—like full brick or thick timber—so the structure itself can be a strong base for a reno if the mechanicals are updated.
5. Why does the citywide ranking for assessed value drop so sharply compared to the local rankings?
Because property values in Weston are significantly lower than the Winnipeg average. The neighbourhood’s median assessed value is around $184,700, while the citywide median for comparable homes is $390,100. This means that even though this property is around average for its own street and area, it falls to the bottom 6% citywide when compared to much more expensive homes across Winnipeg. It’s not a quality issue—it’s a reflection of location and local market conditions.