Property Overview
This one-and-a-half storey home on Pacific Avenue in Weston offers a practical and well-positioned entry point into the Winnipeg market. Built in 1947, it sits on a notably large lot (2,626 sq ft) that ranks well above average for the street and city, presenting a key opportunity for expansion or outdoor living. The 1,184 sq ft living area is spacious for the neighbourhood, and the home benefits from a renovated basement, adding valuable finished space. Its appeal lies in this combination of a generous lot, above-average interior size for the area, and modernized lower level. The sales history shows significant value growth, last selling for $290k in late 2022.
It would suit a first-time buyer looking for a home with immediate livability and future potential, or an investor attracted by the substantial lot size and the area's ongoing development. A thoughtful perspective is that while the home itself is solid, the standout asset is arguably the land—its size percentile ranks are significantly higher than the building's, suggesting the property's long-term value may be tied to its redevelopment potential as much as its current structure.
Frequently Asked Questions
Q: How does the lot size compare to others nearby?
A: The 2,626 sq ft lot is a key feature. It ranks in the top third on its own street and top 7% city-wide, meaning it's substantially larger than most residential lots in Winnipeg.
Q: The assessed value seems low compared to the last sale price. Why?
A: Municipal assessed value for tax purposes often lags behind market value and is calculated differently. The last sale price of $290k in 2022 is a more current indicator of its market worth.
Q: What does the sales history indicate?
A: It shows rapid appreciation between 2016 and 2022, jumping from $16.5k to $290k. This likely reflects both market-wide increases and specific improvements made to the property, like the basement renovation.
Q: Is the living space typical for Weston?
A: No, it's larger than average. At 1,184 sq ft, it ranks in the top 23% on its street and top 13% within the Weston neighbourhood.
Q: What are the implications of a "renovated basement"?
A: It means the lower level is finished as living space, effectively adding to the usable square footage beyond the main floor total listed. It's a significant update that adds immediate functionality.