1397 Lincoln Avenue – Property Summary
Key Characteristics & Buyer Suitability
This is a 572-square-foot home built in 1926 on a 3,193-square-foot lot, with an assessed value of $149,000. Its defining trait is its compact size and older construction relative to most properties in Winnipeg. The living area is well below average both on its street (top 94% smaller) and citywide (top 100% smaller), which means future resale appeal will likely hinge on factors other than square footage. The assessed value is also below neighbourhood and city averages, reflecting the modest size and age. However, the land area is around average for the immediate street and neighbourhood—unusually generous for such a small house. That 3,193-square-foot lot is the property’s most competitive feature: it’s larger than 52% of lots on the same street and 57% in the neighbourhood, suggesting potential for expansion or a different use of the land over time. The year built (1926) is older than most nearby homes, which can appeal to buyers looking for character, solid pre-war construction, or a renovation project—but it also means maintenance and systems may need attention.
Appeal: The property is likely to suit buyers who prioritize location and land over interior space. First-time buyers with a tight budget, investors looking for a lower-cost entry into the Weston area, or those interested in a future addition or redevelopment may find the combination of a small house and a decent lot size compelling. It may also appeal to someone who wants a simple, low-square-footage home and is willing to update it gradually. The property is not well-suited for buyers who need a large finished space or want a turnkey modern home.
Suitable buyer types: Budget-conscious first-time buyers, property investors, renovators, or anyone seeking a small footprint on a full-size lot in an established Winnipeg neighbourhood.
Five Possible FAQs
1. Why is the assessed value so much lower than the city average?
The assessed value ($149,000) reflects the home’s small living area (572 sqft), its older age, and its location in a neighbourhood where property values are below citywide medians. The citywide average assessed value for comparable homes is $390,100, but that includes many newer, larger properties in more expensive areas. The property’s value is more in line with its street and neighbourhood averages.
2. Is the 3,193-square-foot lot large enough to add an extension?
It depends on zoning bylaws, but the lot is close to the average size on the street and in the neighbourhood. Many smaller homes on similar lots in Winnipeg have had additions or secondary suites added over time. You would need to check setback requirements and local regulations, but the land area itself is not unusually small for the area.
3. How does the 1926 construction affect insurance and upkeep?
Older homes often come with higher insurance premiums and more frequent maintenance needs—especially for roofing, electrical, plumbing, and foundations. Pre-war homes can have good bones but may also have outdated systems or materials (e.g., Knob-and-tube wiring, lead pipes, or asbestos, though this should not be assumed). A thorough home inspection is recommended before purchase.
4. What is the neighborhood like (Weston)?
Weston is an established, older neighbourhood in Winnipeg with a mix of postwar and pre-war housing. It is generally considered affordable compared to many other city neighbourhoods. Proximity to amenities, schools, and transit varies by street; checking the specific location and nearby services is important for buyer suitability.
5. How should I think about the ranking data on this page?
The rankings compare this property to other similar homes within the same street, neighbourhood, and city. A lower ranking (e.g., top 94% or top 100%) means the property falls below most others in that category. These rankings can help identify trade-offs: here, the house is small and older, but the lot size is competitive for the area. The data is useful for understanding relative value, but it does not account for renovations, interior condition, or specific location details.