2027 Gallagher Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s Weston neighbourhood with a 769 sqft living area on a 2,498 sqft lot, built in 1905. Its assessed value sits at $103k.
The property’s appeal is straightforward: it is one of the most affordable options in the city, ranking in the bottom 1% for assessed value both neighbourhood-wide and city-wide. For a buyer who wants entry-level homeownership in a central Winnipeg area without paying for extra space or a large yard, this represents a low-cost point of entry. The home is smaller and older than most nearby properties—its living area is below average for its own street, and its lot is on the smaller side for both Weston and the city at large.
That said, the neighbourhood averages suggest this is not an outlier in Weston: the median home there is also under 1,000 sqft and assessed under $185k. The property suits a buyer who values affordability and location over square footage or modern finishes, and who is comfortable with a home that will likely need updates and maintenance given its age. It may also appeal to someone looking for a renovation project with a low initial investment, though the small lot limits expansion potential.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
This home is assessed at $103k, which is well below both the street average ($187.3k) and the Weston neighbourhood average ($184.7k). It ranks in the bottom 1% city-wide, meaning very few Winnipeg homes are listed at this price point.
2. Is the small living area a concern for resale?
It could be, depending on the buyer pool. Homes under 800 sqft are less common in Winnipeg, so you’re targeting a narrower market. However, in Weston itself, the average is only 936 sqft, so the size is less of an outlier there than it is city-wide.
3. What does the year built (1905) mean in practical terms?
This home is significantly older than most in the area and the city. Older homes often have solid bones but may lack modern insulation, updated wiring, or efficient windows. Buyers should budget for potential upgrades and get a thorough inspection, especially for foundation and roof condition.
4. How does the lot size affect usability?
At 2,498 sqft, the lot is smaller than average for its street, neighbourhood, and city. It’s best suited for someone who wants minimal yard maintenance. If you’re hoping for a large garden, garage, or future addition, this property may feel constrained.
5. What type of inspection should be prioritized?
Given the age of the home, a full structural and systems inspection is recommended—particularly for the foundation, electrical, plumbing, and roof. The small lot also means any drainage or grading issues should be checked, as there’s less buffer space for water management.