23 Worthington Avenue – Property Summary
Key Characteristics & Appeal
This 1976-built home sits on a 4,897 sqft lot near Worthington Avenue in Winnipeg. The living area is 1,088 sqft—around the neighbourhood average but slightly below the citywide average for comparable homes. The assessed value is $348k, which is above average for both the street and the immediate area, but below the citywide average of $390k. The lot is notably smaller than most others on the street and in the neighbourhood, where lots tend to run significantly larger.
The property’s main appeal lies in its relative value within the local market: it ranks in the top 30% for assessed value in the neighbourhood, meaning there’s equity built in relative to similar nearby homes. It’s also a newer build compared to many on the street—only 17% of homes on Worthington Avenue are newer. That combination of above-average value and a more recent construction date may attract buyers who want something solid without paying a premium for a large lot.
This home would suit buyers who prioritize a manageable lot size and a home that doesn’t need immediate updates to match the area’s standards. It’s less ideal for someone looking for extra outdoor space or a large yard, given the lot ranks in the bottom 30% for the neighbourhood. First-time buyers or downsizers who value location and a reasonable tax base over square footage might find it a good fit.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The lot is 4,897 sqft, which is notably smaller than the neighbourhood average of 7,831 sqft and well below the street average of 10,063 sqft. This places it in the bottom 30% locally, so it’s a compact yard by Worthington standards.
2. Is the assessed value in line with what similar homes are selling for?
The assessed value of $348k is above the neighbourhood average of $315k, but below the citywide average for comparable homes. That means it’s valued higher than most homes nearby, but not out of step with broader market trends.
3. What year was the home built, and how does that compare?
Built in 1976, it’s newer than most homes on the street (where the average build year is 1957) and in the neighbourhood (average 1962). It ranks in the top 17% on the street for newer construction.
4. How does the living area compare to other homes?
At 1,088 sqft, it’s essentially the same as the neighbourhood average (1,082 sqft) but smaller than the citywide average for comparable homes (1,342 sqft). It’s a typical-sized home for the area, not unusually big or small.
5. What kind of buyer typically looks at a property like this?
Buyers who want a home in a well-established neighbourhood with a smaller, lower-maintenance yard and a build that’s newer than many of its neighbours. It may appeal to those who find larger lots on the same street are overpriced for their needs, or to investors looking for a property where the assessed value already exceeds the local average.