1499 Pacific Avenue W

1499 Pacific Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older character home in Winnipeg’s Weston neighbourhood, built in 1947. At 676 square feet of living area, it's notably smaller than most homes on its street, in its area, and across the city. The appeal lies in two things: a large lot (3,748 sqft) that ranks in the top 19% on the street, and an assessed value ($214,000) that sits above the neighbourhood average. Unlike many smaller homes in older areas, this one holds its value relative to nearby properties—though it’s well below citywide averages in both size and price. The year built is typical for the street, slightly older than the neighbourhood norm, and significantly older than the Winnipeg median. This property would suit a buyer looking for a home with more outdoor space than indoor square footage—someone open to renovating or expanding, or someone who prioritizes lot size over interior living area. It’s less suited for buyers seeking a move-in-ready home with generous rooms or modern citywide comparisons.

Frequently Asked Questions

1. Why is the assessed value above the neighbourhood average when the home is so small?
Assessed value reflects more than just living area. The large lot (3,748 sqft), the home’s age and condition, and local sale prices all factor in. On this street, similar older homes on generous lots have held their value well, pulling the assessment up despite the smaller footprint.

2. Is this a tear-down or a renovation candidate?
That depends on your goals. The home's age and small size suggest a major renovation or addition could make sense, especially given the large lot. However, with its assessed value already above the neighbourhood average, tearing it down might not be cost-effective unless you plan a significant new build. A thoughtful addition or update could increase value without losing the character.

3. How does the lot size compare to typical Winnipeg homes?
The lot is above average for the street and neighbourhood but well below the citywide average of 6,570 sqft. In Weston, a 3,748 sqft lot offers decent yard space. But if you're used to newer suburban lots or rural properties, this will feel modest. It's a good-sized urban lot, not a sprawling one.

4. What does "top 97%" for living area citywide actually mean?
It means this home is smaller than about 97% of all comparable homes in Winnipeg. The citywide average living area is 1,342 sqft—nearly double this home's size. This is a genuinely compact residence, so expect cozy rooms and limited storage. It’s not unusual for the area, but it stands out citywide.

5. What’s the neighbourhood like in terms of home ages and styles?
Pacific Avenue W is lined with homes built mostly in the 1930s and 1940s. Many are modest bungalows or wartime houses on decent lots. The area has an established, older feel with mature trees and a mix of original and updated homes. You won't find new builds or contemporary designs nearby, but the stability and character of the neighbourhood are consistent.