2147 Gallagher Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,058 sqft home on a 2,492 sqft lot, built in 1907, located on Gallagher Avenue in the Weston neighbourhood of Winnipeg. Its assessed value is $174,000.
The property’s main strength is its interior living space, which is slightly above average for both the street and the wider Weston area. The lot, however, is notably smaller than typical for the neighbourhood, and the home is one of the older ones on the block and in the city overall. The assessed value sits close to the local average but is well below the citywide median for comparable homes.
Where this property appeals is in its relative affordability within the current market. For a buyer looking for a modestly sized home in a well-established, older neighbourhood, this could represent a lower-cost entry point. The trade-off is clear: you get a home with decent interior square footage for its price range, but you’re working with a compact lot and an older structure that may require more maintenance or updates than a newer build. It’s a practical choice for someone who values location and interior space over a large yard or a recently built home.
This property would best suit a first-time buyer or an investor looking for a smaller-scale project, someone comfortable with an older home’s character and potential quirks. It’s less suited to someone wanting a large family home with generous outdoor space or a move-in-ready property with modern finishes throughout.
Five Possible FAQs
1. How does the lot size compare to other homes nearby?
The lot is 2,492 sqft, which is below the street average of 3,061 sqft and well below the neighbourhood average of 3,269 sqft. Citywide, it ranks in the bottom 5% for lot size among comparable homes.
2. Is this considered an older home?
Yes. Built in 1907, it’s older than most homes on Gallagher Avenue (average year built 1942) and significantly older than the Weston neighbourhood average (1937). Citywide, it falls in the oldest 5% of comparable properties.
3. How does the assessed value relate to the market?
The assessed value is $174,000. This is slightly below the street and neighbourhood averages (around $185,000–$187,000) and dramatically lower than the citywide average of $390,100. This reflects both the smaller lot and the older construction relative to many Winnipeg homes.
4. What are the practical implications of a smaller lot?
A smaller lot means less yard maintenance and lower outdoor upkeep costs, but it also limits options for additions, large gardens, or outdoor entertaining. Off-street parking may also be more limited depending on the driveway setup.
5. What should a buyer pay attention to with a home built in 1907?
Older homes often have unique structural elements, but they may also have outdated electrical, plumbing, or insulation. A thorough home inspection focused on the foundation, roof, and mechanical systems is strongly recommended. The good news is that the interior living area is competitive for the price, so renovation potential exists if the bones are sound.