163 Worthington Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1975-built home offers 1,320 square feet of living space on a generous 10,207-square-foot lot. What stands out most is the assessed value: at $439,000, it ranks in the top 9% on its street and in the top 9% of the wider Worthington area, while the street and neighbourhood averages hover around $321,000 and $315,000 respectively. That’s a significant gap, and it suggests the property carries either unusually good condition, recent upgrades, or a location premium that isn’t fully captured by size or age alone.

The living area is above average locally—top 21% on the street, top 17% in the neighbourhood—but roughly in line with citywide norms. The lot size is where this property really surprises: while it’s only around average compared to others on Worthington Avenue, it ranks in the top 6% citywide. That means you get a home with solid indoor space and a notably large outdoor footprint relative to most Winnipeg properties.

The year built (1975) is newer than the street average of 1957, putting it in the top 19% locally, though it’s closer to the middle of the pack citywide. This isn’t a character home with historic charm, but it avoids the maintenance headaches of a much older structure.

Who this suits: Buyers who value a large lot in a well-established neighbourhood, and are willing to pay a premium for a property that appears to have been maintained or improved beyond the local baseline. It’s less suited for someone looking for maximum square footage inside or a recently built home. It could also appeal to buyers who want room for gardens, a workshop, or future expansion without moving to a more remote area.

Frequently Asked Questions

1. Is the assessed value of $439,000 likely accurate for a mortgage or property tax calculation?
Assessed value is determined by the municipal property assessment office and is used for tax purposes, not market value. While it can be a useful benchmark, you should expect an independent appraisal to confirm whether the sale price aligns with current market conditions. The fact that it ranks well above the street and neighbourhood averages is a strong signal, but not a guarantee of resale value.

2. How does a 10,207-square-foot lot compare to what’s typical in Winnipeg?
The citywide average for comparable homes is roughly 6,570 square feet, so this lot is about 55% larger than average. Within the immediate neighbourhood, lots tend to be around 7,831 square feet, so it’s still noticeably bigger than nearby properties. On its own street, however, many lots are similar in size, so the advantage is less pronounced locally.

3. What does the year built (1975) mean for maintenance and systems?
Homes from the mid-1970s often have original mechanical systems unless they’ve been replaced. Key items to inspect include the furnace, roof, windows, and electrical panel. Asbestos was still used in some building materials up until the early 1980s, so it’s worth checking if any renovations have disturbed older materials. The fact that the assessed value is high relative to the neighbourhood could indicate that major updates have been done, but that should be verified.

4. How does the ranking system work, and what do the colours mean?
Rankings compare this property to similar homes within each scope: street, neighbourhood, and city. A lower rank number (e.g., #16 out of 174) means it outperforms more peers. The bar fill length shows what share of comparable homes you rank higher than. The colours (red, blue, amber, gray) indicate performance tiers—these are intended to give a quick visual sense of where the property stands, but the actual rank data is more precise.

5. Why is the assessed value so much higher than the street average if the living area is only slightly above average?
Assessed value considers more than just square footage. Factors can include lot size, recent renovations, overall condition, location within the street (e.g., corner lot, proximity to amenities), and market trends in the immediate area. A home that’s been well-maintained or upgraded while others on the street have aged more poorly can easily command a higher assessment, even with similar floor plans.