1612 Logan Avenue – Property Summary
Section 1: Key Characteristics & Buyer Profile
This is a 792 sqft home built in 1945 on a 3,970 sqft lot located at 1612 Logan Avenue in Winnipeg’s Weston neighbourhood. The assessed value is $170,000.
Where the appeal lies: The standout feature here is the land. The lot is larger than average for the neighbourhood (top 26%), which is less common for a property of this size and age. The house itself is compact and older than most citywide stock, but the assessed value reflects that—it ranks in the top 5% of lowest-valued homes citywide, making it one of the more affordable entries into the market. The year built (1945) places it among the older homes on the street, but within Weston, it’s actually newer than the neighbourhood average (1937). This suggests the area has a mix of eras, and this home fits a solid middle ground locally.
Quick context on the numbers:
- Living area (792 sqft) is below city average but typical for the street and area.
- Land area (3,970 sqft) is above average locally, but below citywide averages.
- Assessed value ($170K) is below street and neighbourhood medians, well below city median.
What type of buyer this suits: This property is best suited for a buyer who values land over square footage and is comfortable with an older home that may require updates or maintenance. It could work well for someone looking for a starter home in an established neighbourhood, or an investor focused on land value in a developing area. A buyer who wants a move-in-ready, modern interior or a large suburban-style floor plan would likely look elsewhere.
Section 2: Five FAQs
1. How does the living area compare to other homes in Weston?
It’s around average for the area—ranking in the top 66% of 1,736 comparable homes. The neighbourhood average is 936 sqft, so this home is about 15% smaller, but not unusually so for the street or neighbourhood.
2. Is the assessed value in line with the neighbourhood?
Yes, it’s slightly below average. The street average is $187,800 and the neighbourhood average is $184,700. This home sits at $170,000, which is lower than both. Citywide, it’s in the bottom 5% of assessed values, reflecting its smaller size and older construction.
3. Why is the land area considered a strength when it’s below the city average?
Citywide averages are skewed by newer suburban lots that are often much larger. In central neighbourhoods like Weston, a 3,970 sqft lot is above the norm (top 26% locally). The land gives potential for expansion, a good-sized yard, or future redevelopment, depending on zoning.
4. How does the age of this home affect its value and maintenance?
It was built in 1945, which is older than the citywide average (1966) but newer than the typical Weston home (1937). Older homes often have solid construction but may need updates to electrical, plumbing, insulation, or roofing. The assessed value already accounts for age, so you’re not paying a premium for recent renovations.
5. What does “ranked” mean in the data provided?
The rankings compare this property to “comparable homes” (similar property types) at three levels: street (Logan Avenue), neighbourhood (Weston), and citywide (Winnipeg). A lower rank number means you outperform more peers—for example, top 26% for land means it has a larger lot than 74% of comparable homes in the neighbourhood. Rankings are relative, not absolute measures of quality.