Here is the summary of the property at 1651 Pacific Avenue W, written for direct display on a webpage.
Property Profile: 1651 Pacific Avenue W
Key Characteristics & Buyer Fit
This 849 sqft home, built in 1950, sits on a 3,004 sqft lot in the Weston neighbourhood of Winnipeg. Its strongest asset is its assessed value relative to the street and neighbourhood. At $204,000, it ranks in the top third of properties on Pacific Avenue W and the top 29% within Weston. The land also holds its own locally, ranking in the top 30% for lot size on the street. While the 849 sqft living area is average for the immediate street, it is notably smaller than the citywide average home. The appeal here is not in square footage, but in value and land. It is a strong candidate for a first-time buyer or investor who is comfortable with a smaller, older home and prioritizes a competitive price point and a decent-sized lot over living area. It may also suit someone looking to renovate or expand, as the land is larger than the house, but buyers should verify zoning and permit possibilities independently.
Frequently Asked Questions
1. How does the assessed value compare to the city average?
The assessment is about half the citywide average of $390,100, putting it in the bottom 9% of homes in Winnipeg. However, this is the norm for the street and neighbourhood, where the average home is valued around $185,000. It reflects the area’s price point, not a red flag.
2. The living area is listed at 849 sqft. Is that below average for the area?
Yes and no. It is slightly below the street average of 986 sqft and the Weston neighbourhood average of 936 sqft. It is significantly smaller than the typical Winnipeg home, which averages 1,342 sqft. For someone used to larger suburban homes, this will feel compact.
3. The home was built in 1950. Is that considered old for this area?
Not particularly. The median home on Pacific Avenue W was built in 1936, and the neighbourhood median is 1937, making this property newer than many of its immediate neighbours. Citywide, the median home is newer (1966), so it is older than the Winnipeg norm, but consistent with the character of Weston.
4. How does the lot size compare to other properties?
At 3,004 sqft, the lot is slightly larger than average for the street (2,925 sqft) and lands in the top 45% within Weston. Compared to the massive citywide average of 6,570 sqft, it is small. This lot is typical for an older, established inner-ring neighbourhood—modest but not cramped by local standards.
5. Is this a good investment property?
Potentially, yes. The assessed value is strong locally, suggesting the price is competitive. The lot size is decent for the area, which adds future flexibility. The key considerations are the condition of a 75-year-old structure and the demand for smaller homes in Weston. A buyer should look at recent sale prices on the street and factor in potential maintenance costs rather than assuming appreciation.