1488 Catharine Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040-square-foot home built in 1948, sitting on a 4,001-square-foot lot in Winnipeg’s Weston neighbourhood. Its appeal is rooted in proportion rather than size. While the living area is roughly average for its street and slightly above average for the neighbourhood, the lot stands out: it’s larger than most comparable homes on Catharine Avenue (top 28% on the street, top 24% in Weston). That gives it breathing room—both for outdoor use and for future expansion potential, if the buyer is willing to work with an older structure.
The assessed value is $179k, which is notably low compared to the citywide average of $390k. That’s partly a reflection of the home’s age and modest square footage relative to newer Winnipeg builds, but it also means lower property taxes and a more accessible entry point into the market. The home is older than many citywide comps, but it’s newer than the median in Weston—a subtle plus for buyers who want something with character but not the oldest on the block.
This property would suit buyers who want a solid, older home in a well-established neighbourhood, with a good-sized lot and a reasonable price tag. It’s less suited for someone seeking a large living area, a modern open floor plan, or a home that feels new throughout. First-time buyers, downsizers, or investors looking for a lot-driven opportunity would likely find the most value here.
Frequently Asked Questions
1. How does the living area compare to other homes in Weston?
It’s slightly above average. The neighbourhood average is 936 square feet, and this home comes in at 1,040. On the street itself, it’s right around the median—nothing remarkable, but solid for a postwar bungalow.
2. The lot seems large for the area. What can you do with it?
At 4,001 square feet, it’s bigger than most lots on Catharine Avenue and in Weston generally. That gives room for a substantial garden, a garage or workshop, or possibly a future addition—subject to zoning and permitting. It’s not a double lot, but it’s noticeably more generous than typical.
3. Why is the assessed value so much lower than the citywide average?
The citywide average for comparable homes includes many newer, larger, and higher-value properties across Winnipeg. This home’s age (1948) and smaller footprint (1,040 sqft) naturally place it in a lower bracket. The value is consistent with other homes on its street and in Weston, so it’s not an anomaly—it’s just not competing with newer suburban builds.
4. Is a 1948 home likely to have major structural issues?
That depends entirely on maintenance. Many homes from this era have solid framing and good bones if they’ve been looked after. Common issues to watch for include outdated electrical, old plumbing, and possible settling in the foundation. A thorough inspection is advisable, but age alone doesn’t mean trouble—many 1940s homes in Weston have been well-maintained.
5. How does this property stack up for resale or investment?
The lot is the strongest asset—its size and relatively high ranking in the neighbourhood give it better long-term potential than the living area alone might suggest. Updated homes on larger lots in Weston have shown steady demand. For a buy-and-hold strategy, the low entry cost and manageable taxes make it a reasonable candidate, especially if you’re comfortable with some renovation work.