1531 Elgin Avenue W – Property Summary
1. Key Characteristics & Appeal
This is a 1,482 sqft home built in 1910, on a 2,597 sqft lot, located in the Weston neighbourhood of Winnipeg. Its current assessed value is $228,000.
The property’s standout feature is its living space. At 1,482 sqft, it ranks in the top 3% within the Weston area—significantly larger than the neighbourhood average of 936 sqft. Compared to other homes on Elgin Avenue, it’s still well above average (top 17%), though citywide it sits closer to the middle.
The assessed value tells a more nuanced story. At $228,000, the home is valued above both its street and neighbourhood averages, but well below the citywide average for comparable homes. This suggests it offers more space than typical homes in Weston, without the price tag you’d expect for that size in other parts of Winnipeg.
The land area (2,597 sqft) is below average for the street and citywide, but sits roughly in the middle for the neighbourhood. The 1910 build date means it’s older than most homes in the area and decidedly older than the city average—something to factor in for maintenance and character.
Who it suits: Buyers who want a roomier-than-average home in an established inner-city neighbourhood, without paying a premium for the extra square footage. It may appeal to those who value indoor space over a large yard, and who are comfortable with an older home’s quirks and upkeep. Not ideal for someone seeking a turnkey modern property or a generous lot.
2. Five Possible FAQs
1. Is this house bigger than most in Weston?
Yes. At 1,482 sqft, it’s in the top 3% of comparable homes in the Weston area. The neighbourhood average is about 936 sqft, so this is notably more space than what’s typical nearby.
2. Why is the assessed value relatively low for its size?
The home is older (1910) and located in a neighbourhood where values are below the citywide median. While it’s valued above the street and neighbourhood averages, it doesn’t command the same price as a similarly sized home in a higher-demand area of Winnipeg. The smaller lot also plays a role.
3. What should I know about a home built in 1910?
Expect original construction details that may need updating—older wiring, plumbing, and insulation are common. It’s below average for both the neighbourhood and city in terms of year built. Some buyers see this as a chance for character and solid craftsmanship; others see deferred maintenance.
4. Is the small lot a problem?
It depends on your needs. The land area is below average for Elgin Avenue and citywide, but about average for Weston. If you want a big garden or room for additions, this likely won’t suit. If you prefer less yard work and more indoor space, it’s fine.
5. How does this home compare to others nearby right now?
You can open the neighbourhood map analysis (linked on the original page) to see side-by-side comparisons of year built, living area, assessed value, and lot size for nearby properties. That’s the best way to get a direct visual sense of how this house stacks up against its immediate neighbours.