Property Overview & Appeal
This 1923 one-and-a-half storey home in Weston presents a classic Winnipeg character property on a notably large, 2,501 sqft lot. Its key appeal lies in its foundational strengths: a detached garage and a full, unrenovated basement that offers a blank canvas for future development. The living space of 928 sqft is practical for a smaller household.
The data reveals a compelling contrast. While the home itself is older and modest in size for the area, its assessed value ranks in the top 2% city-wide, suggesting the land itself is a significant asset. This creates a unique value proposition. It perfectly suits a hands-on buyer looking for a starter home or investment property with clear potential to add value through renovations and basement development. It also appeals to those who prioritize outdoor space and the flexibility a large lot provides over a move-in-ready interior.
Frequently Asked Questions
What does the high city-wide assessment ranking mean?
The assessment ranking compares the property's official value to all others in Winnipeg. A top 2% rank indicates its assessed value is very high relative to most of the city, which often reflects the value of the land or location more than the current building.
Is the unrenovated basement a drawback?
Not necessarily. While it requires work, it represents the single biggest opportunity to add liveable square footage and value to the property. It’s a defining project for the right buyer.
How does the lot size compare?
At 2,501 sqft, the lot is larger than average for the street (top 28%) and significantly larger than most in Winnipeg (top 5%). This is a key feature for gardening, expansion, or adding outdoor amenities.
What can nearby property listings tell me?
The listed comparable properties show a wide range of assessed values and sizes in Weston. This suggests the neighbourhood has diverse housing stock, and the final market price will depend heavily on a home’s condition, updates, and lot specifics.
Who is the typical buyer in this area?
Weston attracts a mix of first-time homeowners, investors, and long-term residents. This property, with its need for some updates and strong land value, is particularly suited to buyers comfortable with a project or looking for a long-term hold in an established neighbourhood.