1456 Elgin Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a modest, older home in Winnipeg’s Weston neighbourhood, built in 1925 on a 3,463 sqft lot. The living area is 811 sqft—smaller than the street and city averages, but closer to the neighbourhood norm. Its assessed value of $157,000 is well below the citywide median, reflecting both the home’s size and age.
The appeal lies in affordability and land. The lot is slightly above average for the neighbourhood and ranks in the top 36% on the street—uncommon for a house this size. That gives a buyer room for a garage, garden, or future expansion without paying for a larger house they don’t need. The year built (1925) places it among older homes in Weston, which may appeal to someone who values character or a more established street over modern finishes.
This property suits first-time buyers with a tight budget, investors looking for a low-cost entry in a stable area, or handy buyers comfortable with updating an older home. It’s less suited for anyone needing turnkey space or a prime citywide location, as the living area and value rank low citywide. The Weston neighbourhood itself is mixed, with older stock and average values—practical for those who prioritize square footage of land over square footage of house.
Five Possible FAQs
1. How does the living area compare to other homes on this street?
It’s below average. The street median is about 1,113 sqft, so at 811 sqft this home is roughly 27% smaller. However, it’s closer to the Weston neighbourhood average of 936 sqft, meaning it’s less of an outlier locally.
2. Why is the assessed value so low compared to the city average?
The home is older and smaller than most Winnipeg properties. The citywide median assessed value for comparable homes is $390,100—this one ranks in the bottom 4% citywide. That reflects its modest size and age, not necessarily poor condition.
3. Is the land size a selling point?
Yes, relative to the house. The lot (3,463 sqft) is in the top 36% on the street and top 38% in the neighbourhood. While not large by city standards (city average is 6,570 sqft), it’s bigger than many homes of this era in Weston, giving flexibility for additions or outdoor use.
4. What does the year built (1925) mean practically?
It’s older than 85% of homes citywide. That typically means solid framing but may involve outdated systems (plumbing, electrical, insulation). Buyers should budget for updates, but the age also often means a deeper lot, mature trees, and a stable street.
5. How does this property rank overall against other Winnipeg homes?
It sits in the bottom 10% for living area and bottom 4% for assessed value citywide. But for land, it’s in the top 19%. It’s a trade-off: you get below-average interior space and price, but above-average lot size for its price tier.