1556 Pacific Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1,001 sqft home built in 1911, sitting on a compact 1,867 sqft lot. Its assessed value is $199,000.
The property’s main appeal lies in its affordability relative to the city. Compared to Winnipeg-wide averages, both the living area and assessed value are well below typical figures—ranked in the bottom quartile citywide for value, and below average for size. The land area is also notably small, ranking near the very bottom on its street and neighbourhood.
However, the house performs better within its immediate context. On Pacific Avenue W and in the Weston neighbourhood, the living area, assessed value, and year built are all around average or slightly above. This suggests the property is consistent with what’s typical for the area, even though it falls short of citywide norms.
This home would suit a buyer looking for an entry-level property in an established Winnipeg neighbourhood, likely someone who prioritizes lower purchase price and assessed value over square footage or lot size. It may also appeal to those interested in an older home (pre-1930s) who are prepared for the maintenance that comes with a century-old structure. It is less suited for buyers seeking generous indoor or outdoor space, or a newer build.
Five Possible FAQs
1. How does the property’s land size compare to typical homes in Winnipeg?
The lot is 1,867 sqft, which is very small by citywide standards. The average for comparable homes in Winnipeg is 6,570 sqft. It is also small relative to others on Pacific Avenue W, where the average lot is 2,925 sqft.
2. What does the “assessed value” indicate about this home’s market position?
The assessed value of $199,000 is around average for its street and neighbourhood, but well below the citywide average of $390,100. This suggests the home is priced in line with local norms, but is considered a lower-value property compared to the broader Winnipeg market.
3. Is a 1911 build a concern?
It’s older than most homes in Weston (average build year 1937) and much older than the citywide average (1966). Older homes can have charm and solid construction, but buyers should expect potential issues with historical building materials, insulation, wiring, or plumbing. A thorough inspection is strongly recommended.
4. How does the living area rank on this street and in the neighbourhood?
The 1,001 sqft is slightly above average for Pacific Avenue W (986 sqft) and for Weston (936 sqft). Citywide, it is below the average of 1,342 sqft. So while the home is modest in size overall, it is not unusually small for where it is located.
5. What type of buyer typically looks at this property?
It tends to appeal to first-time homebuyers, investors seeking a lower-cost entry point into the Weston area, or anyone comfortable with a smaller footprint and an older home. The compact lot also means less outdoor upkeep. It may not suit families wanting a large yard or extra square footage.