Property Summary: 1579 Elgin Avenue W, Winnipeg
Key Characteristics & Buyer Profile
This is a 1947-built home in Winnipeg’s Weston neighbourhood with 840 sqft of living space on a 4,051 sqft lot. Its assessed value is $245,000.
The property’s strongest points are its lot size and assessed value relative to its immediate surroundings. The lot is larger than average for both the street (ranking in the top 21%) and the neighbourhood (top 23%). The assessment is also notably above local averages—top 17% on the street and top 12% in Weston—suggesting the home carries good value relative to nearby properties.
The living area, however, is fairly typical for the street and neighbourhood but falls below the citywide average. The home is older than most in the city but roughly in line with the age of other homes on Elgin Avenue and slightly newer than the Weston average.
Where the appeal lies: This property likely offers more outdoor space than other homes in the area, and its assessed value suggests it may be well-maintained or upgraded compared to neighbours. It’s not a standout citywide, but within its local context, it represents a solid, established home on a good-sized lot.
Who it suits: Buyers who prioritize a larger-than-average lot and are comfortable with a modestly sized, older home in an established neighbourhood. It would suit someone looking for value within Weston itself rather than comparing across Winnipeg, and who may be willing to invest in interior updates over time. Not ideal for someone seeking a newer, larger home or a lot that stands out citywide.
Five Possible FAQs
1. How does the lot size compare to other homes in Winnipeg?
The lot is 4,051 sqft, which is below the citywide average of 6,570 sqft for comparable homes (top 73%). However, it’s larger than most lots on Elgin Avenue and in Weston itself, where averages are around 3,600 and 3,270 sqft respectively.
2. Is the assessed value in line with the neighbourhood?
Yes, it’s above average for the street and neighbourhood. The assessment of $245,000 ranks in the top 17% on Elgin Avenue and top 12% in Weston, where averages are roughly $190,000 and $185,000. Citywide, it falls below the average of $390,000.
3. How old is the house and is that typical for the area?
Built in 1947, it’s about average for the street (median build year 1932) and slightly newer than the Weston average (1937). It’s older than most homes citywide (median 1966), but that’s common for this part of Winnipeg.
4. What does the living space actually feel like for a buyer?
At 840 sqft, it’s a compact home. That’s typical for Elgin Avenue and Weston, but well below the citywide average of 1,342 sqft. Buyers should expect a cozy footprint, likely with potential to maximize layout rather than square footage.
5. Would this property be a good investment or a starter home?
It could work well as either, particularly because the lot is the standout feature. A larger lot in an older neighbourhood often means more flexibility for future expansion or landscaping. The above-average assessment also suggests it may hold local value well, though citywide resale comparisons might be less favourable due to the smaller living area and older construction.