1572 Pacific Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 624 sqft home built in 1950 on a 2,486 sqft lot in Winnipeg’s Weston neighbourhood. Its assessed value of $181,000 sits near the street and neighbourhood average, but well below the citywide median of $390,100.
The property’s main appeal is affordability relative to the broader market. It ranks in the bottom 1% citywide for living area and bottom 4% for land size, meaning you’re getting a compact home on a small lot at a price that reflects that. For someone who values location over space, or who wants a lower entry point into Winnipeg’s housing market without taking on major debt, this could be a practical fit.
That said, the rankings reveal something less obvious: while the property is small by city standards, it’s typical for its immediate street and neighbourhood. The average living area on Pacific Avenue W is 986 sqft—this unit is smaller, but not wildly out of step. The assessed value ranks in the top 50% on the street, suggesting it’s not dramatically over- or under-priced relative to nearby homes.
This would suit a first-time buyer, a single person, or a couple who don’t need much space and are comfortable with an older home that may need updates. It could also work as a rental property in a working-class area where tenants prioritize low rent over square footage. The 1950 build means the bones are likely solid, but expect maintenance and possibly outdated systems—buyers should budget for inspections and potential upgrades.
Five Possible FAQs
1. Is $181,000 a fair price for this home?
On the street and in the neighbourhood, the assessed value is close to average—within about $3,000 of the median. Citywide, it’s well below the typical assessed value of $390,100, but that’s because this is a much smaller and older home than the city average. The price reflects the home’s size and age, not a hidden flaw.
2. How does the 624 sqft living area compare to other homes nearby?
It’s below average for the street (986 sqft average) and neighbourhood (936 sqft average), and among the smallest citywide. However, small homes are not uncommon in Weston—the neighbourhood average is only 936 sqft, so this isn’t an outlier in the immediate area.
3. What should I know about a home built in 1950?
Homes from that era often have solid wood framing and good-quality materials, but mechanical systems (furnace, electrical, plumbing) may be original or near end-of-life. The roof, windows, and insulation may also need attention. A pre-purchase inspection is strongly recommended, and you should ask if any major updates have been done.
4. Is a 2,486 sqft lot too small?
It’s smaller than the street average (2,925 sqft) and well below the citywide average (6,570 sqft). For a compact home, the lot is proportionate. You won’t have a large yard for gardening or additions, but it’s typical for older urban infill lots in Weston. If outdoor space is a priority, this may feel tight.
5. How does this property compare to others in the neighbourhood?
In Weston, this home ranks around the middle for assessed value (top 46%) and slightly older than average (top 21% for year built—meaning it’s newer than many nearby homes, which average 1937). It’s smaller in both living area and land than the local norm, but not dramatically so. Overall, it’s a fairly typical older home for the area, just on the smaller end.