121 Worthington Avenue – Property Summary
Section 1: Key Characteristics & Buyer Profile
This 1953-built home offers 832 square feet of living space on a notably large 10,728 square-foot lot. The property’s appeal lies in its land-to-house ratio: the living area ranks below average at the street, neighborhood, and citywide levels, while the lot is among the largest citywide (elite top 5%). This suggests a home that is compact but sits on a generous piece of property—primarily a land play rather than a house for someone seeking interior space. The assessed value of $321k sits around average for the street and neighborhood, but below the citywide average of $390k, indicating relative affordability within the broader Winnipeg market. The home’s age is also around average locally.
This property would suit buyers who value outdoor space, gardening, or future development potential (subject to local zoning) over immediate indoor square footage. It’s less ideal for someone prioritizing a move-in-ready, spacious interior. A buyer here may be willing to renovate or accept a smaller footprint in exchange for a yard that stands out.
Section 2: Five Possible FAQs
1. How does the lot size compare to other properties in the area?
The lot measures 10,728 sqft, which is slightly above the street average of 10,063 sqft and well above the neighborhood average of 7,831 sqft. Citywide, it ranks in the top 5% of comparable homes—an exceptionally large lot for Winnipeg.
2. Is the living area considered small or average?
At 832 sqft, the living area is below average compared to homes on the same street (avg. 1,102 sqft), the neighborhood (1,082 sqft), and the city (1,342 sqft). This is a compact home by local standards.
3. What does the assessed value of $321k tell me?
The assessed value is very close to the street average ($320.8k) and slightly above the neighborhood average ($315.3k), but notably lower than the citywide average ($390.1k). This suggests the property is priced around the norm for its immediate area, while being more affordable than typical Winnipeg homes overall.
4. How old is the home, and does that matter?
Built in 1953, the home is around average age for its street and neighborhood. It is slightly older than the citywide average (1966). This means basic maintenance and potential updates should be expected, but it’s not unusually old for the area.
5. What does “top 5%” citywide for lot size actually mean?
Out of nearly 200,000 comparable properties across Winnipeg, this lot is larger than 95% of them. It indicates the land is a standout feature—rarer than the home itself, and often a factor in long-term value or redevelopment considerations.