1478 Lincoln Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 2020-built home with 986 square feet of living space on a 2,467-square-foot lot in Winnipeg’s Weston area. The property’s standout feature is its assessed value: it ranks in the top 2% on the street and top 3% in the neighbourhood, with a value of $321,000—well above the local averages of roughly $185,000. The home itself is also remarkably new for the area; it’s the newest house on Lincoln Avenue and among the newest in Weston, where the typical home dates to the late 1930s. Living area is slightly above average for the street but below the citywide norm, and the lot is on the smaller side both locally and citywide.
The appeal here is about value density rather than space. Buyers get a recently built, low-maintenance home in an older, established neighbourhood where most houses are much older and valued significantly lower. It suits someone who wants a move-in-ready property without the renovation concerns of a century-old home, and who prioritizes a strong-value asset over a big yard or sprawling square footage. This could be a first-time buyer, an investor looking for a property with relatively low upkeep, or someone downsizing from a larger older home who still wants modern construction. The property’s ranking suggests it sits at a premium within its immediate context, but remains below the citywide median value—offering a foothold in a pricier market at a relatively accessible price point.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighbourhood average?
The home was built in 2020, while most houses in Weston date to the 1930s. New construction, modern systems, and current building standards typically command a premium over older stock. The assessment reflects that difference, not necessarily a larger or more luxurious home.
2. Is the small lot a disadvantage?
It depends on your needs. The lot is below average for the street and city, so there’s less outdoor space. But it also means less yard maintenance—a practical trade-off for buyers who want a newer home without the time or cost of keeping up a larger property.
3. How does this house compare to similar new builds in other parts of Winnipeg?
Citywide, this home’s living area and assessed value are below average. In areas with many newer homes (like newer suburbs), you’d likely find larger houses at similar or higher prices. The value here comes from being a new build in an older, more central neighbourhood where such properties are rare.
4. What does “Top 3%” mean for the neighbourhood assessment—is that a good sign?
It means the home is among the highest-valued properties in Weston. For resale, this could be positive: the property is already at the top end of its local market. However, future appreciation may be more tied to the neighbourhood’s overall trajectory than to the house itself.
5. Is the living area enough for a family?
At 986 square feet, this is a compact home. It could work for a couple, a single person, or a small family, but likely won’t have the space for multiple bedrooms plus dedicated home office or play areas. Anyone needing more than two bedrooms should verify the layout.