This is a newer home—built in 2018—in a neighbourhood where most houses date from the 1930s to 1950s. That alone sets it apart. The house itself is 1,011 sqft, which is slightly above average for its street and neighbourhood, but notably smaller than the citywide average. What stands out more is the assessed value: $309,000. On a street where the typical home is valued under $190,000, and in a neighbourhood where the average is just under $185,000, this property sits in a higher bracket—ranking in the top 3% of the Weston area. The land is 4,220 sqft, which is above average locally, though modest by citywide standards.
The appeal here is less about raw size and more about relative condition and positioning. It’s a rare newer build in a older, established area, which gives it a different quality of construction and efficiency than the surrounding stock. The lot is decent for the area, and the assessed value suggests the market recognizes the premium. This property would suit a buyer who values a move-in-ready, low-upkeep home in a stable, inner-ring neighbourhood—someone who wants newer construction without the price tag of a newly built subdivision, or someone who sees the Weston area as undervalued compared to more central Winnipeg districts. It’s less suited for someone who needs maximum square footage or a large yard.
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Why is the assessed value so much higher than the street and neighbourhood average if the house isn’t that big?
The year built is the main factor. Nearly every other home on Logan Avenue and in Weston was built 60 to 80 years ago. Assessed value reflects replacement cost and market demand for newer finishes, insulation, and mechanical systems—not just floor area.
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Is a 4,220 sqft lot considered small for Winnipeg?
It’s about average for Weston itself, but well below the citywide average of roughly 6,500 sqft. Older inner-ring neighbourhoods typically have smaller lots. You get a practical yard, not a sprawling lawn.
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How does the living area of 1,011 sqft compare to what’s typical for a 2018 home?
A newly built home today is often 1,400–1,800 sqft in most Winnipeg subdivisions. This is on the smaller side for a new build, but that’s partly because it was constructed on an existing infill lot, where land constraints keep floor plans compact.
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What are the downsides of buying the newest house on an older street?
You’ll likely have higher property taxes relative to your neighbours (due to the higher assessment), and the surrounding street infrastructure—sidewalks, trees, drainage—reflects the area’s age. You also won’t get the “new subdivision” amenities like a park or pond within walking distance.
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Is this house a good investment?
It’s already sitting at a premium for the area. The upside is that a newer home in an older, stable neighbourhood tends to hold value well and can appreciate if the area gentrifies. The downside is that you’ve already paid for that premium, so short-term gains are likely modest. It’s more of a long-term hold or a personal-use buy.