1516 Logan Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 720 sqft home built in 1945 on a notably large 4,220 sqft lot in Winnipeg’s Weston neighbourhood. The property’s main draw is its land: it ranks in the top 21% on its street and top 19% in the area for lot size—well above the local averages of 3,664 sqft and 3,269 sqft respectively. The house itself is compact and older, with its living area sitting below street and neighbourhood averages (938 sqft and 936 sqft), and its year built is roughly typical for Weston but older than the citywide median of 1966.
Assessed value is $156,000, which lands around average for Logan Avenue and the immediate area but is well below the citywide average of $390,100—reflecting the smaller home on a modest street in an older neighbourhood. The value isn’t in the structure; it’s in what the land offers.
Appeal: This property suits buyers who prioritize outdoor space, gardening, or future development potential over square footage inside. It’s a realistic entry point for someone who values lot size as a long-term asset and doesn’t mind a compact, older home that needs updating or rethinking. It may also appeal to investors or homeowners looking to hold land in a transitioning area, or to those who simply prefer a large yard in an established neighbourhood over a newer, tighter lot elsewhere. The citywide rankings (top 95% for small living area, top 96% for low assessed value) underline that this is not a “turnkey” home by typical standards—but that’s part of the opportunity for the right buyer.
Frequently Asked Questions
1. How does the living area compare to similar homes nearby?
At 720 sqft, this home is smaller than the average for its street (938 sqft) and neighbourhood (936 sqft). Citywide, it ranks in the bottom 5% for living area, so it’s genuinely compact. If you need more interior space, this likely isn’t the right property.
2. Is the assessed value reasonable for the area?
The assessed value of $156,000 is around average for Logan Avenue and Weston, but well below Winnipeg’s citywide average of $390,100. You’re paying primarily for the land, not the house—which is typical for older, smaller homes on large lots in older neighbourhoods.
3. What’s the advantage of the large lot?
The lot (4,220 sqft) is significantly larger than typical for the street and area, ranking in the top 20% locally. This gives you room for a garden, workshop, expansion, or future redevelopment—if zoning permits. It’s the property’s strongest asset.
4. How old is the house, and does that matter?
Built in 1945, it’s older than the citywide average (1966) but around average for Weston. Older homes can mean solid construction, but also potential for outdated systems. A thorough inspection is wise if you’re considering it as a residence.
5. Is this a good investment property or a starter home?
It depends on your goals. As a starter home, the small interior may feel tight, but the large lot offers room to grow. As an investment, the low assessed value and desirable lot size could appeal to someone betting on neighbourhood appreciation or planning a future rebuild. It’s not a passive rental without work, but it’s a low-cost entry.