398 St George Road

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Property Overview: 398 St George Road

Key Characteristics & Buyer Profile

This is a 1975-built home with 1,190 square feet of living space on a 5,908-square-foot lot. What stands out here is the value relative to the immediate neighbourhood. While the living area is essentially average for the street and city-wide, the property’s assessed value of $395,000 is notably stronger than most homes on St George Road, ranking in the top 25% locally and top 16% in the wider Worthington area. This suggests the home holds its value well compared to its physical size—likely due to its condition, updates, or location specifics within the street.

The land area is slightly below the neighbourhood average but sits comfortably within the top 35% city-wide, which is a reasonable trade-off for an established inner-city area. The year built (1975) is newer than most homes on the street and in the neighbourhood, where the average is mid-1960s. Buyers looking for a home that’s not a century-old character house but still in a mature, central Winnipeg neighbourhood will find this appealing. It suits a buyer who values a stronger financial position (higher assessed value) over sheer square footage, or someone looking for a solid mid-century build with good bones.

Five Possible FAQs

1. How does this home compare to others on the street?
It sits at around the average size but is assessed higher than most—about 15% above the street’s average value. It’s also newer than roughly two-thirds of the homes on St George Road.

2. Is the lot size considered small or large for the area?
It's on the smaller side for Worthington—ranking in the bottom 36% of the neighbourhood—but it's actually above average compared to homes city-wide. You get a manageable yard without a massive upkeep commitment.

3. What does the assessed value tell me about the property?
A higher assessed value relative to similar-sized homes often points to better condition, recent upgrades, or a strong location within the street. It’s not always a direct reflection of market price, but it’s a useful indicator of how the city views the property’s quality relative to its peers.

4. Would this property suit a first-time buyer or an investor?
It could work for both. First-time buyers get a home with a decent lot in a central area that’s not oversized in living space. For an investor, the above-average assessment relative to square footage suggests it may have good rental appeal or resale potential, though a full cost analysis would be needed.

5. How does the 1975 build compare to older homes in the area?
It’s about a decade newer than the neighborhood average, which often means better insulation, fewer structural quirks, and more typical modern electrical and plumbing layouts. It lacks the character of a pre-war home but offers more predictability in maintenance and renovation costs.