1496 Catharine Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1948-built home with 700 sq. ft. of living space on a 4,001 sq. ft. lot in Winnipeg’s Weston neighbourhood. Its strongest feature is the lot: it ranks above average on the street (top 28%) and within the neighbourhood (top 24%), meaning the yard is larger than most nearby properties. The home’s age is a slight positive locally—it’s newer than the neighbourhood average—but the living area is notably compact, ranking below average at the street, neighbourhood, and city levels. The assessed value of $164,000 is below the neighbourhood average of $184,700 and far below the citywide average of $390,100, which reflects the smaller footprint and older construction.
Appeal lies in land value and affordability. For a buyer who values outdoor space or has renovation ambitions, the lot offers room to expand or improve that many comparably priced homes lack. The property would suit someone looking for an entry-level price point in a well-established neighbourhood, or a buyer willing to invest in upgrades over time. It’s less suited to someone who needs immediate square footage or a move-in-ready layout. The trade-off is clear: more land, less house.
Five Possible FAQs
1. How does the living area compare to other homes in Weston?
At 700 sq. ft., it’s below the neighbourhood average of 936 sq. ft. for comparable properties. If you’re used to compact spaces or planning an addition, the lot size gives you options that a typical 700 sq. ft. home in this price range may not.
2. Is the assessed value aligned with the current market?
The assessment is $164,000, which is below the street and neighbourhood averages. Assessed value is not the same as market value, but it suggests the home is priced at the lower end relative to nearby properties, partly due to the smaller living area and older construction.
3. What’s the condition of a 1948 home?
The listing doesn’t describe condition, so it’s worth noting that a home this age may have had updates or may need them. The year built ranks above average in Weston (top 25%), so it’s newer than many neighbourhood homes, but a thorough inspection is essential—especially for systems like electrical, plumbing, and foundation.
4. How does the lot size affect usability?
The lot is 4,001 sq. ft. It’s larger than the street average of 3,751 sq. ft. and the neighbourhood average of 3,269 sq. ft. That extra space could accommodate a garage, garden, shed, or future extension, but zoning and setback rules would need to be checked before planning any changes.
5. What’s the neighbourhood like?
Weston is a well-established area in Winnipeg, with a mix of older homes and some newer infill. It’s not a high-growth or luxury district, but it offers solid access to amenities and transit. Buyers should expect a more modest, practical environment—not a trendy or rapidly appreciating area, but one with stable, long-term residents.