1431 Lincoln Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in the Weston area of Winnipeg, built in 1944 and offering 668 sqft of living space on a 3,398 sqft lot. Its assessed value sits at $180,000, which is close to the average for both its street and neighbourhood, but significantly below the citywide median of $390,100.
The property’s main appeal is affordability and a reasonable land-to-building ratio. While the living area is small compared to citywide averages (ranking in the bottom 2% citywide), the land area is more competitive locally—around average for the street and neighbourhood. That suggests potential for future expansion or redevelopment, especially given the older construction year. The home’s age (1944) is typical for the area, meaning it likely sits among mature, established streets.
This property would suit a buyer who values a lower entry price in an inner-ring neighbourhood over square footage. It could work well for a first-time buyer, someone looking to downsize, or an investor interested in a tear-down or substantial renovation on a lot that’s not undersized by local standards. It is not ideal for buyers seeking a move-in-ready family home or large living spaces.
Frequently Asked Questions
1. How does this property’s price compare to others nearby?
The assessed value of $180,000 is roughly in line with the neighbourhood average of $184,700 and the street average of $186,000. It ranks near the middle for Weston (top 46%), so pricing is competitive rather than a bargain—but it is well below citywide medians, reflecting the smaller size and older construction.
2. Is the living space too small for a family?
At 668 sqft, it’s significantly smaller than the average home in Winnipeg (1,342 sqft). It would be tight for a family with children, though a couple or single person could manage comfortably. The land area is a more generous 3,398 sqft, so an addition or secondary structure might be possible, depending on zoning.
3. What does the “Top 98%” citywide ranking for living area mean?
It means this home’s living area is smaller than approximately 98% of all comparable homes across Winnipeg. In plain terms, it’s one of the smallest homes in the city by interior square footage. That’s not necessarily a negative—it keeps the price low—but buyers should go in with clear expectations about space.
4. Why is the assessed value so much lower than the city average?
The citywide average assessed value is $390,100. This home is worth less primarily because of its small living area and older construction. The land value is average for the neighbourhood but far below newer suburban lots. Location in Weston, an older, established area, also plays a role.
5. Should I be concerned about the age of the home?
The 1944 build year is actually typical for this street (average 1936) and neighbourhood (average 1937). It’s older than most homes citywide (average 1966), so systems like plumbing, electrical, and insulation may need updating. A pre-purchase inspection is highly recommended, but the age alone isn’t unusual for the area.