38 Worthington Avenue

38 Worthington Avenue – Property Summary

Key Characteristics & Buyer Profile

This property offers a modest 1,068 sq ft of living space, which sits close to the average for both its street and immediate neighbourhood, though slightly below the citywide median. The standout feature is the land: at 10,747 sq ft, the lot ranks in the top 5% across Winnipeg and in the top 25% within the Worthington area. This is a rare find in a city where the average lot size is just over 6,500 sq ft. The house itself was built in 1946, making it older than most nearby homes, but not unusually old for the street. The assessed value is significantly below average for all three comparison ranges, which suggests a lower property tax burden and potentially room for added value through renovation.

The appeal here is less about the house and more about the land, the location relative to city averages, and the tax situation. This property would suit a buyer who is comfortable with an older home and values outdoor space—whether for gardening, expansion, or simply privacy. It is also well suited to someone looking for a lower entry cost in a neighbourhood where land is at a premium, or an investor who sees potential in redeveloping or adding square footage. It is less ideal for someone wanting a move-in-ready modern home or a compact, low-maintenance lot.

Frequently Asked Questions

1. Why is the property’s assessed value so low compared to the neighbourhood average?
The assessment is based on the current condition and age of the home rather than just the land value. The house is from 1946 and has not been extensively updated, which keeps the assessed value well below the street and community averages. The large lot does not offset the building’s condition in the assessment formula.

2. Is the large lot a practical advantage or just a number on paper?
Practically, a lot of this size in Winnipeg is uncommon, especially within the top 5% citywide. It offers real potential for expansion, a large garage, a workshop, or extensive landscaping. However, buyers should verify zoning and setback rules before assuming they can build or subdivide.

3. How do the property taxes compare to similar homes in the area?
Since the assessed value is below average, the property taxes are proportionally lower. This can be a meaningful advantage for a buyer looking to keep monthly carrying costs down, especially if they plan to live in the home for several years without major renovations that would trigger a reassessment.

4. What should a buyer know about a house built in 1946?
Older homes often have good bones but may need updates to insulation, electrical, plumbing, or the foundation. The build date suggests it may have been constructed during a period of simpler standards. A thorough inspection is advisable, focusing on the roof, basement, and any signs of settlement. The age also means fewer original features may remain.

5. Who would this property not suit?
It is not ideal for someone wanting a low-maintenance, modern home on a small lot, or for a buyer who does not want to invest time and money into updating an older structure. It also may not suit those looking for a home in a neighbourhood with newer, more uniform housing stock.