1517 Elgin Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 2019-built home with 1,349 square feet of living space and a 2,597-square-foot lot. Its standout feature is how it compares to the surrounding area. On both the street and neighbourhood level, the home ranks in the top 2% for assessed value and top 4% for year built. That means it’s significantly newer and higher-valued than most nearby homes—many of which date back to the 1930s. The living area is also above average for the street and neighbourhood, though more in line with citywide norms.
The trade-off is the lot size. At 2,597 square feet, the land is smaller than most comparable properties on the street (average 3,608 sqft) and well below the citywide average of 6,570 sqft. So the appeal here isn’t space to spread out—it’s a newer, low-maintenance home in a mature neighbourhood where older housing stock is the norm.
This property would suit buyers who want a move-in-ready house without major renovations or deferred maintenance. It would also appeal to someone who values being in a well-established area (Weston, Winnipeg) but prefers a more modern interior and exterior. Investors or value-conscious buyers might note the high assessed value relative to the neighbourhood—this could indicate strong appreciation potential, though property taxes may also be higher than surrounding homes due to the assessment gap.
Frequently Asked Questions
1. How does the small lot size affect livability or resale?
The lot is roughly 25 to 30 feet wide, which is common for infill or newer builds on older streets. You won’t have a deep backyard, but the home itself is efficient for its size. Resale will likely appeal to buyers who prioritize a modern house over yard space. In a neighbourhood with larger lots, this home may sell slightly slower than a comparable house on a bigger lot—but the newer construction often offsets that.
2. Why is the assessed value so much higher than the neighbourhood average?
Assessment reflects market value, and newer homes with modern finishes, insulation, and systems are valued higher than century-old housing stock, which dominates this area. The 2019 build year puts it in a completely different category from the typical 1930s home on the street.
3. Are property taxes likely to be high?
Yes, probably above the neighbourhood average. Since assessed value is roughly double the street average, taxes will reflect that. However, newer homes also tend to have lower maintenance and energy costs, which can partially offset the difference.
4. How does this home compare to other 2019 builds in Winnipeg?
Citywide, a home built in 2019 ranks in the top 4% for newness, which means most Winnipeg homes are older. The living area is around the city average, so this isn’t an unusually large new build—it’s a standard size by modern standards, but newer than almost everything around it.
5. Is this a good area for families or first-time buyers?
Weston is a mature, established area with access to schools, transit, and services. The home itself is compact but well-laid-out for a small family or couple. First-time buyers may find the higher assessed value (and taxes) a stretch, but the lack of immediate repair costs can be a practical trade-off. It’s less suited for someone wanting a large yard or room to expand.