1496 Lincoln Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s Weston neighbourhood. At 860 square feet of living space, it’s slightly above average for its own street but falls well short of city-wide norms. The lot is similarly modest—2,458 square feet, placing it in the bottom tier both locally and citywide. Built in 1914, it’s one of the older homes on Lincoln Avenue and in the broader area.
Where the property stands out is in assessed value. At $196,000, it’s a touch above the street and neighbourhood averages, but dramatically below the citywide benchmark of $390,100. That gap reflects the home's smaller size and lot, not a premium price. For a buyer, this means you’re paying proportionally less than you would for a typical Winnipeg home, but you’re also getting a property that’s significantly smaller and older than most.
The appeal here is practical: it’s a lower-cost entry point into a fairly average, established neighbourhood. The home likely suits a first-time buyer, a downsizer who doesn’t need much space, or an investor looking for a rental with modest carrying costs. The older construction may appeal to someone who appreciates pre-war character, but be aware that homes from 1914 often come with maintenance considerations—older foundations, wiring, and plumbing. The small lot also means minimal yard work, which could be a plus for low-maintenance living. However, it’s not a fit for anyone wanting room to expand, a large garden, or a newer build with modern energy efficiency.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It’s slightly above the average assessed value on Lincoln Avenue ($186,000) and in the Weston neighbourhood ($184,700). But citywide, the home’s value is far below the typical Winnipeg home, which averages $390,100. This reflects the property’s smaller size and lot, not necessarily a bargain—it’s simply a different category of home.
2. What should I know about a house built in 1914?
Older homes often have solid framing and character details, but they can also have outdated systems. Expect that electrical, plumbing, insulation, and the foundation may need attention. It’s not unusual for homes of this era to have lead pipes or knob-and-tube wiring. A pre-purchase inspection by someone experienced with century homes is strongly recommended. Don’t assume the roof or windows have been updated unless verified.
3. Is the lot size a disadvantage?
At 2,458 square feet, it’s small—among the smallest on the street and in the neighbourhood. For many buyers, this means less outdoor upkeep, which can be a plus. But it also limits options for additions, a large garage, or a big garden. If outdoor space is a priority, this property may feel cramped.
4. How does the living space compare to other homes in the area?
At 860 square feet, it’s right around the average for Lincoln Avenue (859 sqft) but below the Weston neighbourhood average (936 sqft) and well below the citywide average (1,342 sqft). It’s a compact home, suitable for a single person, a couple, or a small household. Larger families or those who work from home may find the space tight.
5. What kind of buyer is this property best suited for?
It’s best for someone looking for an affordable, modest-sized home in an established neighbourhood, without expecting luxury or expansion potential. First-time buyers, retirees, or small households who value lower purchase price and manageable upkeep are the most natural fit. Investors might also consider it for a rental with steady demand, given the relatively low entry cost and typical neighbourhood appeal.