1457 Winnipeg Avenue W – Property Summary
Key Characteristics and Buyer Profile
This is a 1913-built home on a notably large lot. The property itself has 838 square feet of living space, which is smaller than average for its street, community, and city. Where it stands out is the land: the 5,313-square-foot lot ranks in the top 4% on Winnipeg Avenue West and the top 3% in the Weston neighbourhood. In a city where newer homes and larger interiors are typical, this property offers something rarer—significant outdoor space in an established, older area.
The assessed value of $163,000 is below the street and community averages, and well below the citywide average of $390,000. This reflects both the modest living area and the older construction. The appeal lies in the trade-off: a smaller, older house on a much bigger piece of land, at a price point that sits below many comparable properties in the neighbourhood.
This property would suit a buyer who values land and potential over move-in-ready square footage. It could work for someone looking to renovate, expand, or build new, or for a buyer who prioritises outdoor space and location over interior size. It’s less suited to someone seeking a large, modern home or a lower-maintenance property.
Five Frequently Asked Questions
1. What are the chances the house needs major updates given it was built in 1913?
Properties from that era often require attention to the foundation, electrical, plumbing, and insulation. While that’s not guaranteed in every case, a thorough inspection is essential. The valuation suggests the property hasn’t been fully modernised, so expect some deferred maintenance.
2. Is the assessed value a good indicator of market price?
Assessed value is used for property tax purposes and doesn’t always match current market conditions. In this case, the assessment is low compared to the neighbourhood and city averages. That could mean the home is priced modestly for its area, especially given the lot size, but buyers should compare recent sale prices for a realistic picture.
3. Could the lot be subdivided or redeveloped?
The lot is 5,313 square feet, which is large for Weston but still below the citywide average. Whether it can be subdivided depends on local zoning, minimum lot sizes, and infrastructure. This would need to be verified with the city planning department before making any assumptions.
4. How does the location compare to other parts of Winnipeg?
The home is in Winnipeg Avenue West, part of the Weston community, which is an older, established area. The property ranking data shows it’s near average for the neighbourhood in terms of size and value, but the lot is exceptional there. It’s not a high-growth or high-end area, but it offers more land than most in the immediate surrounds.
5. Would this be a good investment property?
Probably not for a standard rental, given the modest living space and age. However, the land component gives it long-term potential. If the area appreciates or zoning changes allow greater density, the lot could become more valuable. For a flipper or someone willing to renovate, the low entry price might leave room for upside—if the house is structurally sound.