1423 Winnipeg Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1951 bungalow with 816 sq ft of living space on an exceptionally large 5,315 sq ft lot in the Weston neighbourhood. The house itself is modest in size—below average for its street and city-wide—but the lot is in the top 3% on the street and within the neighbourhood. That combination is the property’s main draw: a compact, older home on a parcel of land that is unusually generous for the area. The assessed value of $248,000 sits well above both the street and neighbourhood averages (top 15% and top 11%, respectively), which suggests the land is already carrying significant weight in the valuation. City-wide, however, the value ranks much lower (top 83%), reflecting that this is priced for the local market rather than competing with larger or newer homes across Winnipeg.
The appeal is not in the living space itself, but in what the lot offers: room for expansion, a large yard, or the potential for a more significant renovation. A buyer who is comfortable with a smaller footprint—and sees value in land rather than square footage—would be the natural fit. This could include someone looking to build an addition or a separate secondary suite, a gardener or outdoor-oriented household, or an investor betting on land appreciation in the Weston area. The 1951 build is older than most homes city-wide, but within Weston it’s actually newer than average (top 13% on the street), meaning the neighbourhood stock skews older and this home is relatively solid compared to its immediate peers.
Frequently Asked Questions
1. How does the living area compare to other homes in Weston?
It’s around average for the neighbourhood: 816 sq ft versus a neighbourhood average of 936 sq ft. On its street, it’s below average—ranked 109th out of 142 homes. If you need more interior space, you’d be paying for the land and planning an expansion.
2. What does the “top 3%” land ranking actually mean?
Out of 142 homes on Winnipeg Avenue West, only three have a larger lot. At 5,315 sq ft, it’s nearly 50% larger than the street average of 3,558 sq ft. City-wide, it’s more middle-of-the-pack, so the lot is exceptional locally but not unusual for Winnipeg as a whole.
3. Is the assessed value of $248,000 accurate for a home of this size?
Assessed value reflects market conditions as of the most recent valuation date. The fact that it ranks high on the street and in the neighbourhood—but low city-wide—suggests the value is driven by local demand for larger lots in Weston, not by the size of the house itself. It’s worth doing a comparative market analysis with an agent to confirm current pricing.
4. What should I consider about the home’s age?
Built in 1951, it’s older than the average Winnipeg home (1966) but newer than most in Weston (average 1937). That means it may have original systems (electrical, plumbing, insulation) that need updating, but it also survived a long time in a neighbourhood with many even older structures. A pre-purchase inspection is strongly recommended.
5. Who typically buys a property like this?
Buyers who value outdoor space over interior square footage, people planning a major renovation or addition, and investors looking for land in an established neighbourhood with above-average assessed values relative to the house itself. It’s less suited for someone who wants move-in-ready living space without plans to expand.