Property Summary: 1446 Pacific Avenue W
Key Characteristics & Buyer Profile
This is a 763 sqft home built in 1930 on a 2,504 sqft lot. Its main appeal is its affordability and solid value within the Weston neighborhood, rather than any standout size or luxury features. The assessed value of $171k is around average for the street and neighborhood, but sits well below the citywide average—meaning it offers a lower entry point in a market where typical homes are much pricier.
Where the property shows weakness is in its footprint. The living area is below average both on its street and citywide, and the lot is modest compared to neighborhood and city norms. The home is also older than most properties across Winnipeg. However, its rankings within Weston (top 55% for value, top 69% for living area) show that it fits in reasonably well with its immediate surroundings.
This home would suit a buyer who is prioritizing budget and location over space. It’s a good fit for someone looking to get into the Weston area without competing at higher price points, or for an investor or first-time buyer comfortable with a smaller, older home that doesn't require a premium. It’s less suited to someone who wants a large yard, a newer build, or significant square footage.
Frequently Asked Questions
1. How does this property’s size compare to others nearby?
On the street, it’s slightly smaller than average (763 sqft vs. 986 sqft avg). In the Weston neighborhood, it’s closer to the norm, ranking in the top 69% for living area. The land is on the smaller side for the area, but not drastically so.
2. Is the assessed value a good deal?
The $171k assessment is in line with street and neighborhood medians (around $185k). It’s significantly below the citywide average of $390k, which suggests you’re not paying a premium for the location. It’s a solid value relative to the local market.
3. What does the “top X%” ranking actually mean?
It means the property ranks higher than that percentage of comparable homes. For example, a top 55% rank for assessed value means it’s worth more than 55% of similar properties, but less than 45%. A top 95% citywide rank for value means it’s in the bottom tier across the city.
4. Should I be concerned about the age of the home (1930)?
It’s older than average for both the neighborhood (avg 1937) and the city (avg 1966). That’s typical for many homes in established Winnipeg neighborhoods like Weston. It means you’ll want to budget for older systems and possible updates, but it’s not unusual for the area.
5. How does “ranking” differ from “average” in the data?
The ranking shows how this property compares to all others in that category (e.g., value, size), while the average is a simple mean. A home can have a low average (below the median) but still rank in the middle, if many homes are clustered around a similar size or value.