This 2021-built home (1,021 sq ft) sits on a 2,507 sq ft lot in Winnipeg’s Weston neighbourhood. Its main strength is construction age: it ranks in the top 2% on its street and top 1% across Weston for newness, where the average home was built in the 1930s and 40s. The assessed value (for property tax purposes) is $293,000—among the top 10% on the street and top 4% in the neighbourhood, well above the local averages of roughly $187,000. Living space is slightly larger than the Weston average (936 sq ft) but below the Winnipeg average (1,342 sq ft). The lot is smaller than typical for both the street and the city. The appeal lies in getting a relatively new, higher-value home in an older neighbourhood, with lower maintenance risk than a century-old house. It would suit a buyer who wants a move-in-ready property in a central, established area, and who prioritizes modern construction and assessed value over a large yard or square footage.
-
Why is the assessed value so high for this street and neighbourhood, but below average for Winnipeg?
The home is newer than nearly everything around it, which lifts its assessed value well above older local stock. However, Winnipeg’s citywide average includes many larger, more expensive homes in newer suburbs, so this property isn't high compared to the whole city.
-
Is a smaller lot a drawback in this market?
It depends on your priorities. In Weston, where lots tend to be larger and older, a smaller lot reduces yard work and is typical for newer infill homes. If you're looking for a big garden or space for additions, this wouldn't be the best fit. It's a trade-off for having a newer house in a built-up area.
-
How does the home's age actually affect daily life or costs?
A 2021 build likely means modern insulation, windows, plumbing, electrical, and a new roof. You're less likely to face urgent repairs or upgrades soon. Utility bills may also be more predictable. However, older neighbourhoods can sometimes have mature trees or more character that this home likely lacks.
-
Is the property tax bill higher than other homes on the street?
Yes, the assessed value is higher than most neighbours', so property taxes will be higher, too. The official tax amount depends on the current mill rate, but the ranking shows this property is in the top 10% for assessed value on the street. You're paying a premium for the newer build.
-
What does "below average" for lot size and living space actually mean for resale value?
It means it won't compete with larger homes or lots in a resale. Its value is driven by being a new house in an older pocket. If you sell in 10–15 years, its age advantage will be less unique, so future buyers may weigh the smaller size more heavily. The high assessed value now reflects its newness and condition, not its land or total space.