1630 Elgin Avenue W – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 719 sqft home built in 1940, sitting on a 2,809 sqft lot, with an assessed value of $147,000. The property’s appeal lies in its affordability and solid relative value at the street and neighbourhood level, rather than in size or modern finishes.
Where its appeal lies: The assessed value ranks in the top 68% on the street and top 73% in Weston, meaning it’s priced competitively for what’s available nearby. The lot size is around average for the neighbourhood but considerably smaller than typical city-wide properties. The home’s age (1940) is typical for the street and area, which suggests a consistent character in the surrounding housing stock—not a neighbourhood of newer infills. The living area is below average at all three comparison levels, so the appeal is not about space but about entry price point.
What type of buyer it suits: This property would suit a first-time buyer looking for a foothold in a well-established neighbourhood, or an investor seeking a lower-cost entry into the Winnipeg market. It may also appeal to someone who values a smaller footprint—lower utility costs, less maintenance—and is willing to work with an older home’s layout and systems. Buyers should be comfortable with the fact that the home is smaller and older than most city-wide options, and that the lot won’t support major expansion without variance.
Frequently Asked Questions
1. How does the living area compare to similar homes in the area?
At 719 sqft, this home is smaller than average on the street (1,113 sqft) and in the neighbourhood (936 sqft). It’s also well below the city-wide average of 1,342 sqft. It ranks in the bottom quartile for size locally.
2. Is the assessed value in line with what I’d expect for this home?
At $147,000, the assessed value is below both the street average ($189,600) and neighbourhood average ($184,700), but given the smaller size, this is consistent. It ranks near the middle of the street and neighbourhood, suggesting the assessment reflects the property fairly for its type.
3. How old is the property, and is that typical for the area?
Built in 1940, it’s slightly newer than the street average (1932) and about average for the neighbourhood (1937). It’s older than the typical city-wide home (1966), so buyers should factor in aging infrastructure and potential upgrades.
4. What’s the lot size like, and does it offer room for additions?
The lot is 2,809 sqft, which is below the street average (3,608 sqft) and neighbourhood average (3,269 sqft). It’s significantly smaller than the city-wide average (6,570 sqft). While not tiny, the lot is compact, so any additions or garages would need careful planning and likely a zoning check.
5. What do the ranking percentages actually mean?
The rankings compare this property to “comparable homes” in each scope (street, neighbourhood, city). For example, “Top 68%” on the street for assessed value means it outperforms 68% of nearby homes in that metric—not that it’s in the top 32%. The bar fill represents the share of peers it beats. “Avg” is a rough median for that scope, not a precise average.