30 Hindley Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1924-built home with 635 square feet of living space on a 3,010-square-foot lot. Across every measurable category—living area, land size, assessed value, and year built—the property ranks below average compared to similar homes on its street, in the Worthington neighbourhood, and across Winnipeg. For example, the street average for living area is 1,046 sq ft, and the citywide average is 1,342 sq ft.
The appeal here isn’t about size or modern finishes. It’s about entry-level affordability in an established older neighbourhood. With an assessed value of $197,000, this property sits well below the citywide average of $390,100 and well below the street average of $318,100. That price gap is the main draw.
This home would suit a first-time buyer with limited budget who is willing to trade space and recency for a lower purchase price. It may also appeal to someone looking for a small-scale investment property in an older area, or a buyer who prioritizes location over square footage. The small lot could be an advantage for low-maintenance living, though it limits expansion or outdoor use.
Five FAQs
1. Why is the assessed value so low compared to the neighbourhood average?
The home is older (1924), smaller (635 sq ft), and on a much smaller lot than most nearby properties. The street average land area is 9,380 sq ft—more than three times this lot. The lower value reflects those differences directly.
2. Is the small lot a disadvantage for resale?
It can be, if buyers in the area typically expect more yard space. But for someone who wants less upkeep or a more compact footprint, it could be a selling point. The trade-off is that you’re unlikely to add a garage or large addition without sacrificing most of the outdoor space.
3. What does “Top 94%” or “Top 99%” actually mean?
It means this property ranks in the bottom tier for that category. For example, “Top 94% on the street” means it’s worse than roughly 94% of comparable homes on Hindley Avenue. So it’s among the smallest, oldest, or lowest-valued listings.
4. How does the age of the home affect maintenance costs?
At nearly 100 years old, you should expect older mechanicals, possible foundation or roof wear, and potentially outdated insulation or wiring. A home inspection is essential. That said, many 1920s homes in Winnipeg have solid construction, so condition depends more on recent upkeep than age alone.
5. Who typically buys a home like this?
First-time buyers, investors looking for a low-cost entry point, or people who plan to renovate gradually. It’s less likely to suit someone wanting a move-in-ready, spacious family home. The low assessed value also keeps property taxes relatively manageable, which can help with monthly costs.