1663 Pacific Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 900 sqft home built in 1921 on a 2,476 sqft lot, located in Winnipeg’s Weston neighbourhood. Its assessed value is $220,000.
What stands out: The property’s assessed value is notably strong relative to its street and neighbourhood. It ranks in the top 24% on Pacific Avenue W and top 20% in Weston, despite having a living area that is only average for the street and neighbourhood. This suggests the value may be tied more to location, condition, or other non-size factors rather than square footage. The land area is on the smaller side – bottom 20% on the street and bottom 16% in the neighbourhood – which is common for older infill properties.
Its appeal: A relatively affordable entry point into an established Winnipeg neighbourhood with a century-old home that likely carries original character (e.g., solid construction, mature trees nearby). The assessed value is above the local median but well below the citywide average, making it potentially undervalued compared to newer or larger homes elsewhere.
Who it would suit: Buyers who value location and character over lot size or interior space, and who are comfortable with an older home that may require maintenance typical of a 1920s build. It could also appeal to investors or first-time buyers looking for a property with strong local value relative to its street and neighbourhood, rather than chasing citywide averages.
Frequently Asked Questions
1. How does the living area compare to similar homes nearby?
At 900 sqft, it’s slightly below the street average (986 sqft) and neighbourhood average (936 sqft), but not significantly. Citywide, it falls well below the typical 1,342 sqft average, which reflects the larger homes found in newer subdivisions.
2. Why is the assessed value higher than the neighbourhood average if the house is smaller?
Assessed value considers more than just square footage – factors like lot location, condition, renovations, and market trends in that pocket of Weston may be pushing it above the $184,700 neighbourhood median. The home ranks in the top 20% locally, suggesting it’s considered a stronger asset by assessors than most comparable homes nearby.
3. Is a 1921 home a concern for maintenance or insurance?
It’s older than the citywide average (1966), but roughly typical for its street and neighbourhood. Homes from this era often have solid framing and mature landscaping, but systems (plumbing, electrical, roof) may be older. Buyers should budget for updates and check with insurers, as some companies have stricter policies on knob-and-tube wiring or aging heating systems.
4. What does the “land area” rank tell me about the lot?
The 2,476 sqft lot is below average for the street (2,925 sqft) and well below the citywide average (6,570 sqft). This isn’t unusual for an older urban property, but it means less outdoor space, limited room for additions, and likely a smaller yard. It’s a trade-off for being closer to city amenities.
5. How does this property compare to others in Weston overall?
It’s a solid middle-of-the-pack option for living area and year built, with an above-average assessed value. That suggests it may offer better relative value than cheaper properties in the area, though the smaller lot is a clear downside. For someone prioritizing a walkable street with older homes, it could be a strong fit within the neighbourhood.