1652 Pacific Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1913 home with 1,302 sqft of living space on a 3,679 sqft lot. Its strongest feature is the lot size: on the street, it ranks in the top 20%, significantly above the local average of 2,925 sqft. The living area is also notably spacious for the immediate neighborhood (top 12% on the street, top 8% in Weston), though it sits slightly below the citywide average. The home’s assessed value of $177k is essentially flat compared to the street and neighborhood medians (around $185k), but well below the Winnipeg average of $390k. The year built (1913) places it among older homes both locally and citywide.
What’s less obvious is what the value gap implies. The home is priced in line with its immediate surroundings despite having more land and interior space than many nearby properties. This suggests the appeal isn’t about cosmetic condition or modern upgrades—it’s about potential. A buyer who values a larger lot in a modest, established neighborhood could get more square footage for the same price as a smaller home on this street. The property likely suits someone comfortable with an older home’s character and maintenance needs, or someone looking to add sweat equity. It’s less suited for those seeking a turnkey, move-in-ready home or a location with high citywide resale value.
Five FAQs
1. How does this home compare to others on Pacific Avenue W specifically?
It ranks well above average for lot size (top 20%) and living area (top 12%), but its assessed value (top 52%) and year built (top 58%) are close to the street median. So you’re getting a larger home on a bigger lot than most neighbors, without a proportional increase in assessed value.
2. The assessed value is well below the city average. Does that mean it’s a bargain?
Not necessarily—it reflects that the house and lot are smaller than typical citywide homes, and the Weston area has lower overall values. The value is consistent with its street and neighborhood. The “bargain” is more about getting extra space within this specific area, not compared to Winnipeg as a whole.
3. How old is this house, and what should I expect with a 1913 build?
Very old by citywide standards (top 90% older than average). Common considerations include potential for older wiring, plumbing, foundation issues, and less insulation. The upside is often solid original construction, mature trees, and larger lot dimensions that newer infill lots may lack.
4. Is the lot size a good selling point for future development or additions?
At 3,679 sqft, it’s large for this street but still modest overall (top 79% citywide means smaller than most Winnipeg lots). You’d have more room for a garage, garden, or addition than many neighbors, but don’t expect developer-level subdivision potential. It’s more about usable outdoor space than speculative land value.
5. What type of buyer typically targets this kind of property?
First-time buyers wanting more space without moving far out, renovators who see room to add value, or homeowners who prioritize a bigger lot and older character over a modern finish. It’s a good fit for someone comfortable with modest comps and willing to invest time in maintenance or updates.