1427 Pacific Avenue W: Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home on a modest lot in Winnipeg’s Weston neighbourhood. The living area is 737 square feet—well below the street, neighbourhood, and city averages. The land is also on the smaller side at 2,478 square feet, ranking in the bottom quartile locally and bottom 5% citywide. Built in 1929, it’s an older structure but not unusually so for the area; many neighbouring homes date from the same era. The assessed value sits at $192,000, which is near the street and neighbourhood averages but far below Winnipeg’s overall median of $390,100.
The appeal here is straightforward: a lower entry price for a standalone property in an established neighbourhood. For a buyer who wants a house (not a condo) and is willing to accept less square footage and a smaller yard, this represents one of the more affordable options in the city. It would suit first-time buyers, downsizers, or investors looking for a rental property in a working-class area with older housing stock. What’s less obvious is that a smaller, older home often has lower property taxes and utility costs than newer or larger alternatives—expenses that can quietly eat into a budget. It may also be a candidate for renovations over time, though the lot size limits major expansions.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value is $192,000, which is slightly above the street average ($186,200) and the neighbourhood average ($184,700). It’s roughly in line with what other homes of this age and size in Weston are valued at. The large gap from the citywide average ($390,100) mostly reflects location and smaller size, not a problem with the property itself.
2. Is a 737 sqft living area too small for a family?
It depends on the family. For a couple or a single person, it’s fine. For a family with children, it would be tight—likely two small bedrooms and one bathroom. The floor plan matters too: some older homes use space more efficiently than others. If you need room to grow, this probably isn’t the right fit.
3. Why is the land area ranked so low citywide?
Most homes in Winnipeg sit on larger lots, especially newer subdivisions with standard 40-foot frontages. At 2,478 sqft, this lot is smaller than average for the street and neighbourhood as well. If you want a big garden, a workshop, or room for an addition, this won’t work. But a smaller lot also means less yard maintenance.
4. What does “Top 42%” for year built mean exactly?
It means that out of 323 comparable homes on the same street, 135 are newer than this one, and the rest are older. So 42% of homes on the street are newer, and this property falls around the middle. It’s neither unusually old nor unusually young for Weston. Citywide, it’s older than 83% of homes, but that’s typical for inner-city neighbourhoods.
5. Should I be concerned that the living area is “Below Average” in all categories?
Not necessarily. “Below average” just means it’s smaller than the typical home at each level. For a buyer who values affordability over space, that’s a trade-off, not a flaw. The bigger question is whether the layout works for your daily life. Some people prefer a compact, easy-to-clean home. Just be realistic about storage and room for guests.