162 Cecil Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1909-built home with 836 sq ft of living space on a 1,874 sq ft lot, currently assessed at $157,000. The property sits on Cecil Street in the Weston neighbourhood of Winnipeg.
The home's main appeal is its affordability. Compared to citywide averages, the assessed value is significantly below the median—ranking in the bottom 12% of comparable Winnipeg homes. The living area is also on the smaller side both locally and citywide. That said, on its own street and within Weston, it's closer to average. The lot is notably compact, ranking near the bottom in every geographic scope (street, neighbourhood, and city). The year built is older than most surrounding homes, which means the structure will likely require more ongoing maintenance than a mid-century or newer property.
This property suits a budget-conscious buyer who values a lower entry price over square footage or lot size. It would appeal to someone willing to take on an older home in a well-established neighbourhood, possibly as a starter home or a rental investment where the purchase price allows for renovation costs. It's less suited for buyers who need generous indoor or outdoor space, or those looking for a move-in-ready property without anticipated upkeep. The rankings suggest it's a trade-off: you get lower cost, but you're buying a home that's smaller, older, and on a smaller lot than most in the area and across the city.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On Cecil Street, this home's assessed value of $157,000 is below the street average of $191,900. Within Weston, it's close to the neighbourhood average of $184,700. Citywide, it's well below the $390,100 median for comparable homes, which reflects its smaller size and older construction.
2. Is the living space considered small for the area?
It's slightly below average on Cecil Street (where the average is 914 sq ft) and roughly average for the Weston neighbourhood (average 936 sq ft). Citywide, it's significantly smaller than the typical comparable home (1,342 sq ft), so it's compact by Winnipeg standards but not unusually small for its immediate surroundings.
3. What should I know about the lot size?
The lot is 1,874 sq ft, which is notably small. It ranks near the bottom of its street, neighbourhood, and city. Most comparable homes in Weston sit on lots around 3,269 sq ft, so outdoor space is limited. This is a key factor if you want a garden, extra parking, or room for additions.
4. How old is the house, and what does that mean practically?
Built in 1909, it's older than most homes on Cecil Street (average 1936) and significantly older than the citywide average (1966). Expect an older foundation, likely original or updated mechanicals, and potential issues with insulation, wiring, or plumbing. A thorough inspection is strongly recommended.
5. Who is this home a good fit for?
It's best for a buyer who prioritizes low cost over space or land. First-time buyers, small households, or investors looking for a lower-risk entry point into the Weston area could find value here. It's less suitable for families needing multiple bedrooms or a large yard, or anyone who prefers a newer home with less immediate maintenance.