1603 Pacific Avenue W

1603 Pacific Avenue W – Property Summary

Key Characteristics & Ideal Buyer

This home stands out for its size and condition within an older, established area. The living area is 1,396 sqft, which is significantly larger than the average home on Pacific Avenue and in the Weston neighbourhood, ranking in the top 5% for its area. It was built in 2019, making it one of the newest houses on the street, where the average home was built in 1936. The assessed value reflects this rarity: it ranks #2 on its street and #11 in the neighbourhood, likely due to the combination of modern construction and generous interior space.

The appeal here is not about a large lot or a quiet suburban cul-de-sac. The land is 2,475 sqft—below average for the street and well below the city-wide norm. City-wide, the home’s size and value sit around the middle. This property appeals to buyers who prioritize interior square footage and a newer, more efficient structure over outdoor space or a commanding street presence. It would suit someone who wants a solid, turnkey home in a central neighbourhood without paying a premium for a large yard. It’s less suited to buyers seeking privacy across a deep lot or those comparing purely on city-wide metrics.

Five Possible FAQs

1. Why does the assessed value rank so high locally but average city-wide?
The home is one of the newest and largest in the Weston area, but city-wide, many homes are larger or in higher-demand districts. Its value is exceptional relative to its immediate neighbours but typical compared to the whole city’s housing stock.

2. How does the smaller lot size affect use or resale?
The lot is compact—about 17% smaller than the street average. This means less yard maintenance, but also limited space for additions, a garage, or extensive landscaping. For resale, future buyers may similarly prioritize the newer house over the lot size, but it could be a limitation if the area trends toward larger properties.

3. Is the home considered “luxury” given the top 1% local value ranking?
Not necessarily. A top 1% ranking on the street mainly means there are very few comparable homes of this size and age nearby. The absolute assessed value is $363k, which is moderate. The ranking is a reflection of scarcity, not extravagance.

4. What does the 2019 build year imply about maintenance and upgrades?
The home is effectively new, so major systems (roof, furnace, windows) should be in good condition for many years. However, because it’s one of the newest on the block, it may not align with the aesthetic or age of surrounding homes—something to consider if you value neighbourhood character over modern finishes.

5. How does this home compare to a typical newer suburban house in Winnipeg?
This home has less land and a higher concentration of older neighbours than a suburban development. City-wide, its living area is close to average, but it lacks the large lot and uniformity you’d find in a newer subdivision. Its value lies in being a newer, spacious home inside a mature, central neighbourhood.