1500 Lincoln Avenue, Winnipeg – Property Summary
Key Characteristics & Buyer Profile
This is a modest, older home in the Weston neighbourhood, offering 761 sqft of living space on a 2,456 sqft lot. Built in 1942, it sits slightly below the street and neighbourhood averages for both living area and lot size, but its assessed value of $172,000 is reasonably aligned with local comparables. Where this property stands out is its affordability relative to Winnipeg as a whole—its assessed value is well below the citywide average of $390,100, reflecting a smaller footprint and older construction.
The appeal here is straightforward: it’s a lower-cost entry point into a mature, established area. Buyers who prioritize location over square footage, or who are willing to invest in renovations or an addition, may find this a practical starting point. It would suit first-time buyers, investors looking for a rental with modest carrying costs, or someone downsizing who values a compact, manageable home. The land area is notably small, even by local standards, so anyone hoping for a large yard or future subdivision potential should look elsewhere.
Five Possible FAQs
1. How does the assessed value compare to similar homes in the area?
On Lincoln Avenue, the assessed value of $172,000 is slightly below the street average of $186,000. Within the Weston neighbourhood, it ranks near the middle—about 54% of comparable homes are valued higher. This suggests the price is in line with local conditions and not an outlier.
2. Is the small lot a problem for resale?
It could be a limitation for buyers who want outdoor space or plan to expand. The lot ranks in the bottom 6% on the street and bottom 13% in the neighbourhood. However, smaller lots often mean less maintenance and lower property taxes, which can appeal to certain buyers—especially in an older, built-up area where large yards are less common.
3. What does the year built mean for maintenance or upgrades?
Built in 1942, this home is older than roughly 80% of properties citywide. Older homes in Weston can have solid construction, but systems like wiring, plumbing, and insulation may need attention. Buyers should budget for a thorough inspection and potential updates, though many homes from this era in the area have already been partially modernized.
4. How does the living space compare to what’s typical for a starter home in Winnipeg?
At 761 sqft, it’s well below the citywide average of 1,342 sqft and also smaller than the Weston neighbourhood average of 936 sqft. For context, it’s a compact one- or two-bedroom unit—fine for a single person or couple, but tight for a family unless the layout is unusually efficient.
5. Is the neighbourhood considered up-and-coming or stable?
Weston is an older, established area with a mix of post-war homes and some newer infill. It’s not a high-growth neighbourhood, but it offers decent access to amenities and transit. The property’s rankings (middle of the pack on the street and neighbourhood) suggest a stable, no-surprises market rather than a rapidly gentrifying one.