This is a modest, older home in Winnipeg’s Weston neighbourhood, built in 1945. It offers 700 square feet of living space on a 3,686-square-foot lot. The assessed value is $136,000.
The property’s main appeal is its affordability. It ranks in the bottom tier for living area and assessed value both citywide (top 96% and 98% respectively, meaning most homes are larger and worth more) and within its own street and neighbourhood. The land is slightly above the neighborhood average but well below the city average. The house is older than most citywide, but its age is typical for its street.
This home would suit a buyer with a limited budget who is comfortable with a smaller, older property and sees potential in the land value or a renovation project. It’s less suited for someone looking for a move-in-ready family home or wanting to match typical Winnipeg square footage. Because it’s priced below most comparables in the city, it may appeal to investors or first-time buyers prioritizing low entry cost over space or modern amenities.
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How does the living area compare to similar homes?
At 700 sqft, it’s well below the citywide average of 1,342 sqft. It’s also below the averages for its street (938 sqft) and neighbourhood (936 sqft). It ranks in the bottom 21% on its street and bottom 4% citywide.
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Is the assessed value reasonable for the size?
The assessed value of $136,000 is below the street average ($187,800) and neighbourhood average ($184,700). It’s far below the citywide average of $390,100. The low assessment reflects the small living area and older construction, not necessarily a bad deal—it may offer a lower tax burden and purchase price relative to larger homes.
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What’s the condition of a 1945 home?
The summary doesn’t include condition details. Homes from 1945 can vary widely—some have been updated, others need significant work. Buyers should budget for a home inspection and expect potential issues with older electrical, plumbing, or insulation. The age is average for the street but older than most citywide.
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How does the lot size factor into value?
The lot is 3,686 sqft, which is slightly above the street average (3,664 sqft) and neighbourhood average (3,269 sqft). It’s below the citywide average of 6,570 sqft. In a dense older neighbourhood, a decent-sized lot can be an asset for outdoor space or future redevelopment, though city zoning rules would need to be checked.
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Who typically buys this type of property?
Usually first-time buyers priced out of larger homes, small-scale investors looking for low-cost entry, or buyers wanting a fixer-upper in a central neighbourhood. The Weston area has older housing stock with some character, but it’s not a high-demand neighbourhood citywide. The low price point reflects that reality.