1481 Lincoln Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a home that stands out for its land, not its building. The lot measures 5,148 square feet, which ranks in the top 2% on Lincoln Avenue and top 7% in the Weston neighbourhood. The house itself was built in 1910, making it one of the older homes on the street (bottom 2%). Its living area is 1,448 square feet—above average for the street and neighbourhood, but roughly average for the city.
The assessed value is $197,000. That's around average for the immediate street and neighbourhood, but considerably below the citywide average for comparable homes ($390,100). This suggests the value is in the land and location, not in the structure's condition or finishes.
The appeal here is for buyers who value outdoor space, are comfortable with an older home, and see potential in a property that may need updates. It's less suited for someone looking for a turnkey, move-in-ready house in a newer subdivision. The property sits in Weston, a central Winnipeg neighbourhood with older homes and established lots. Buyers who prioritize lot size, yard space, or future expansion possibilities will find this interesting. Those who want modern construction or a lower-maintenance property should look elsewhere.
Frequently Asked Questions
1. How does the lot size compare to other homes in Winnipeg?
The lot is 5,148 square feet. That's above average for the street and neighbourhood, but right around the midpoint citywide. It's not a massive suburban lot, but it's generous for an older urban area.
2. Why is the assessed value so much lower than the city average?
The citywide average for comparable homes is $390,100, while this property is assessed at $197,000. That gap reflects the home's age (1910) and its condition relative to newer homes. It also suggests the structure itself may not have been updated significantly. The land, however, holds disproportionate value here.
3. Is this a good investment property or a fixer-upper?
It could work for either, depending on the buyer's intent. The land is the asset—if someone wants to renovate or rebuild, the lot size and location are strong. But the home is among the oldest on the street, so any serious renovation should factor in structural and systems updates. It's not a simple cosmetic flip.
4. What is the Weston neighbourhood like?
Weston is an older, central Winnipeg neighbourhood with a mix of single-family homes, some duplexes, and a working-class history. It's not a trendy or high-demand area, but it's established, with decent access to schools, parks, and transit. Buyers should be comfortable with older infrastructure and a quieter, less polished feel.
5. Should I be concerned about the home's age?
Not automatically, but it's a factor. A 1910 home likely has older wiring, plumbing, and insulation—though it may have been updated in part. A thorough inspection is essential. The upside is that older homes in this area often have solid construction and character details you won't find in newer builds. The age also means the property has likely already settled, so foundation issues are less common than with newer homes on unstable soil.