287 Milton Street – Property Summary

Key Characteristics & Buyer Profile

This property stands out most clearly for its newness and assessed value relative to its street and neighbourhood. Built in 2021, it ranks #1 on Milton Street and #13 out of 1,736 homes in the Weston area for year built—placing it in the top 1% of the neighbourhood. The assessed value of $315,000 is also #1 on the street (top 6%) and #48 in the area (top 3%).

At 990 square feet of living area, the home is slightly above average for the street and neighbourhood, but below the citywide median of 1,342 sq ft. The land area of 2,626 sq ft is generous for the street (top 19%) but below average for the neighbourhood and well below Winnipeg’s typical lot size.

The appeal is less about square footage and more about value positioning: a nearly-new home in a mature, older neighbourhood where most surrounding homes date from the 1920s–1940s. This offers the reliability of modern construction and finishes without the premium you’d pay in a newer subdivision. The assessed value is strong relative to neighbours, but well below the citywide average for comparable homes—suggesting a realistic entry point for buyers who want newer without stretching into higher price tiers.

Best suited for: First-time buyers or small families who prioritize modern build quality and energy efficiency over interior space or a large lot. Also a good fit for someone who wants a detached home in a central, established area (Weston) where most housing stock is older, and is comfortable with a modest yard. Not ideal for buyers who need more than 1,000 sq ft of living area or a large private lot.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
The home’s assessed value of $315,000 is significantly above the street average of $175,500 and the neighbourhood average of $184,700. Citywide, it’s around average—the median for comparable homes in Winnipeg is about $390,000. So the property is a strong value relative to its immediate surroundings, but not overpriced by city standards.

2. Why is the land area considered “below average” citywide when it seems like a standard lot?
Many Winnipeg properties—especially outside older central neighbourhoods—sit on lots well over 5,000 sq ft. A 2,626 sq ft lot is typical for street-oriented, older areas like Weston, but it ranks in the bottom 7% citywide. This is not a red flag, just a reflection of the type of neighbourhood and its development pattern. You get a manageable yard, but not a deep or wide one.

3. Is a house built in 2021 likely to have any common issues?
Generally, newly built homes have the advantage of modern codes, insulation, and mechanical systems. However, some buyers find that newer homes in older neighbourhoods may have less settling time for the foundation or landscaping compared to infill builds. It’s worth confirming whether the builder completed all municipal inspections and if any warranty claims are still active.

4. How does the living space of 990 sq ft actually feel for daily living?
That’s a compact single-family home. It’s typical for a 2-bedroom or a small 3-bedroom layout. The space feels efficient if the floor plan is open, but can feel tight if there are many interior walls or small rooms. If you’re used to new condo layouts at a similar square footage, the experience will be similar, but you gain a private yard and no shared walls.

5. Is the neighbourhood of Weston a good investment for resale?
Weston is a mature, inner-city area with a mix of older homes and some newer infills. The data shows you’d be buying at a relatively low entry point compared to city averages. Because the property is newer than nearly everything around it, it may hold its value well and appreciate faster than the street average, but the upside depends on broader neighbourhood trends and demand for infill properties.