Key Characteristics & Appeal
This is a 1939-built home on a notably large lot. The land is the standout feature here: at 8,097 square feet, it ranks in the top 13% on its street and the top 11% across Winnipeg. The house itself is modest—882 square feet of living space, below average for its street, neighbourhood, and the city overall. Its assessed value sits close to the local average, which suggests the price reflects the land more than the structure.
The appeal lies in the land-to-building ratio. For a buyer who values outdoor space, gardening, or the potential to expand or redevelop, this property offers something most nearby homes do not. The house is older and smaller, but the lot is larger than typical. That combination is less common than a newer house on a standard lot.
This would suit buyers who prioritize space and location over move-in-ready finishes. Renovators, first-time buyers with some sweat equity to invest, or anyone looking to build equity through land value growth would find it worth a look. It is less suited to someone wanting a finished, turnkey home with modern square footage.
Frequently Asked Questions
1. How does the property's tax assessment compare to others nearby?
The assessed value is $263,000, slightly below the street average of $298,000 and the neighbourhood average of $315,000. It is well below the citywide average of $390,000. This means property taxes are relatively moderate for the area.
2. What condition is the 1939 structure in?
Only an in-person inspection can confirm condition. The building is older than most on the street—95% of nearby homes were built later—so expect the usual considerations for a home of this age: foundation, wiring, plumbing, and insulation should be reviewed carefully.
3. Is there potential to expand the house or build a secondary suite?
The lot is large enough to make this a reasonable question, but zoning rules, setback requirements, and permit restrictions vary. A check with the City of Winnipeg's planning department would be necessary before assuming anything. The land size is a positive factor, but it is not a guarantee.
4. How does the living space affect resale or financing?
Smaller homes can be harder to finance if the size falls below certain lender thresholds, though 882 square feet is still within typical ranges for older houses. Resale will likely attract a niche buyer—someone who values the lot more than the interior—rather than the broad market looking for a standard three-bedroom bungalow.
5. What are the main trade-offs compared to newer homes in Worthington?
You are trading modern square footage and newer systems for a larger piece of land and lower taxes. The house itself will likely need updates, but the lot gives you flexibility that newer, smaller lots do not. It is a bet on land appreciation rather than interior finish.