Property Summary: 1524 Lincoln Avenue
Key Characteristics & Buyer Profile
This 1941-built home offers 675 square feet of living space on a 2,740-square-foot lot, with an assessed value of $179,000. The property sits in Winnipeg's Weston neighbourhood.
Where Its Appeal Lies
The home's main strength is value. While living space is noticeably below average across every comparison level—citywide it ranks in the bottom 3%—the assessed value tells a different story. At $179,000, it's roughly on par with other homes on the street and in the neighbourhood, but sits far below the citywide average of $390,100. This suggests a price point that may feel reasonable compared to much of Winnipeg, without being out of step with its immediate surroundings.
The land area (2,740 sqft) is also modest by city standards but typical for the area. The year built (1941) aligns with the neighbourhood's older housing stock, which means the property is likely surrounded by homes of a similar vintage.
Who This Suits
This property would be most attractive to buyers who prioritize affordability and location over square footage. It's a practical fit for someone who wants to own in an established Winnipeg neighbourhood without stretching their budget for a larger home. First-time buyers, downsizers, or anyone looking for a lower-maintenance footprint might find it works well—especially if they're less concerned with having a lot of indoor space and more focused on keeping monthly costs manageable. It may also appeal to buyers who see potential in a smaller home that could be updated over time.
Frequently Asked Questions
1. Is this home smaller than most in the area?
Yes. At 675 square feet, it's below the Weston neighbourhood average of 936 square feet, and significantly smaller than the citywide average of 1,342. However, it's ranked similarly to many other homes on Lincoln Avenue, so it's not an outlier on its own street.
2. How does the assessed value compare to what I'd actually pay?
Assessed value ($179,000) is a benchmark used for property tax calculation, not a listing price. The fact that it's close to the street and neighbourhood averages suggests the home is priced in line with its immediate market, but actual sale price will depend on condition, renovations, and market timing.
3. Is a 1941 home likely to have older systems?
Typically yes. Homes from this era often have original or updated mechanicals, but it's worth verifying the age of the furnace, electrical panel, plumbing, and roof. The neighbourhood's average build year is 1937, so this home is slightly newer than many nearby—not a guarantee of condition, but not unusually old for the area.
4. How does the lot size affect usability?
The 2,740-square-foot lot is below the Weston average of 3,269 square feet. It's enough for a small yard, garden, or patio, but not for extensive outdoor projects or large additions. Buyers wanting significant outdoor space would likely find it limiting.
5. What does "Top 73%" or "Top 97%" actually mean in these rankings?
These rankings compare this property against others in the same category. For living area, "Top 97%" citywide means it's smaller than 97% of homes in Winnipeg—only 3% of homes are smaller. For assessed value citywide, "Top 94%" means it's valued lower than 94% of homes. The lower the percentage, the more the property stands out from the average.