1401 Winnipeg Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a small, older home in Winnipeg’s Weston neighbourhood, built in 1915. The living area is 707 square feet, and it sits on a 2,659-square-foot lot. Assessed value is $146,000.
The property’s main appeal is affordability relative to citywide averages. The assessed value ranks in the bottom 3% citywide, while the living area ranks in the bottom 4%. That means it’s priced well below most Winnipeg homes. However, the home is also small and older than many citywide properties (citywide average build year is 1966). Within the neighbourhood, it’s fairly typical in age and land size, but smaller than most.
This property would suit a buyer looking for an entry-level home in an established neighbourhood, someone willing to take on a renovation project, or an investor seeking a lower-cost rental with modest expectations for square footage. It’s less suited to families needing space or buyers wanting a move-in-ready, modern home without work.
Frequently Asked Questions
1. How does the size compare to other homes nearby?
The living area (707 sqft) is below average for both the street and the neighbourhood. On Winnipeg Avenue W, the average is 1,121 sqft, so this home is roughly 37% smaller. The land area (2,659 sqft) is also below the street average of 3,558 sqft, though it’s close to the neighbourhood average.
2. Is the assessed value lower because the home needs repairs?
Not necessarily. Assessed value reflects market conditions, not condition. A low assessed value can indicate a smaller, older home, but it doesn’t automatically mean the property is in poor shape. You’d still want a home inspection to understand actual repair needs.
3. How old is the house, and is that a concern?
Built in 1915, it’s older than 96% of homes citywide. In Weston, it’s around average—many homes in the area date from the early 20th century. Older homes often have solid construction but may require updated electrical, plumbing, or insulation. Budget for potential system upgrades.
4. What does “neighbourhood level: Weston” mean for resale value?
Weston is an older, established area with a mix of housing stock. Properties here tend to be more affordable than the city average. Resale value will depend mostly on the condition of the home and any renovations you do, rather than rapid neighbourhood appreciation.
5. Would a 707-square-foot home feel very small?
That depends on layout and your expectations. It’s about the size of a one-bedroom apartment with a den. It can work well for a single person or a couple, but storage and entertaining space will be limited. If you’re used to a larger home, you’ll likely find it tight.