1509 Elgin Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1910-built home with 835 sqft of living space on a 2,597 sqft lot, currently assessed at $180,000. The property sits in the Weston neighbourhood of Winnipeg.
Where the appeal lies: The assessed value is competitive for the area—near the street and neighbourhood average, yet well below citywide medians. This makes it a relatively affordable entry point into a mature central Winnipeg neighbourhood with older housing stock. The land area is smaller than typical for the street, but the living space is close to the Weston average, suggesting efficient use of the footprint rather than wasted square footage. The home’s age (1910) places it among the older homes in the city, which may appeal to buyers who appreciate character, solid pre-war construction, or are willing to invest in updates.
Suitable buyers: First-time buyers priced out of newer or larger suburban homes; investors looking for a lower-cost property in a stable, established area; owners comfortable with a smaller lot and an older home that may need selective upgrades rather than a full gut renovation. Not ideal for those seeking maximum space, a large yard, or a move-in-ready modern finish without some elbow grease.
Frequently Asked Questions
1. How does the size compare to other homes nearby?
At 835 sqft, the living area is below the street average (1,113 sqft) but close to the Weston neighbourhood average (936 sqft). It ranks in the top 60% of the neighbourhood, meaning many surrounding homes are similar in size. The lot is on the smaller side for the street but average for the area.
2. Is the assessed value a fair reflection of the home’s condition?
Assessed value ($180,000) is around average for the street and neighbourhood, but well below the citywide average ($390,100). Assessment does not directly measure condition—it’s based on market data and comparable sales. An older home like this may have deferred maintenance that isn't fully captured in the assessment, so a home inspection is advisable.
3. How old is the house, and is that a concern?
Built in 1910, it’s older than most homes in Weston (average 1937) and much older than the citywide average (1966). Age isn’t automatically a problem, but expect original systems (plumbing, electrical, foundation) that may need updating. Older homes often have solid framing and interesting details, but buyers should budget for potential surprises.
4. What does the ranking data actually tell me?
The rankings compare this property to similar homes within the same street, neighbourhood, and city. For example, “Top 94% citywide” for assessed value means it’s cheaper than 94% of homes in Winnipeg—a sign of relative affordability. Rankings are useful for context, not absolute quality. A lower rank for land area (Top 83% on street) simply means the lot is smaller than most neighbours.
5. Should I expect this property to appreciate differently than others?
Homes in established central neighbourhoods like Weston tend to appreciate more slowly than new subdivisions, but they also tend to hold value during downturns. The smaller lot and older age may limit upside compared to a fully renovated property, but the low entry price reduces risk. Appreciation will likely depend on neighbourhood trends and any improvements you make.