295 Milton Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1908-built home with 1,194 square feet of living space on a notably large 5,252-square-foot lot. The living area is above average for both the street and the Weston neighbourhood—placing in the top 13% locally—though it's roughly average by citywide standards. The assessed value of $165,000 is below the citywide median, reflecting the home's age and location rather than its size.
What stands out most is the land. The lot is the largest on Milton Street (top 6%) and sits in the top 3% for the neighbourhood. In an area where typical lots hover around 3,000 square feet, this property offers nearly double that—a rare find in Weston.
The home itself is older than most in the area, built when the neighbourhood was still developing. That means character details and solid construction are likely, but systems and finishes will reflect the era. The assessed value suggests the market hasn't fully priced in the land advantage yet, which could appeal to buyers looking for upside.
Who it suits: Buyers who value outdoor space over a turnkey interior. Someone willing to renovate or rebuild on a generous lot in a stable central Winnipeg neighbourhood. Also suitable for those who want a larger yard in an older, walkable area without paying a premium for a fully updated house.
Five Possible FAQs
1. Why is the assessed value so low compared to the city average?
The home is older and its living area is slightly below the Winnipeg median. The assessed value reflects the structure's age and condition rather than the land. Citywide averages include newer, larger homes in pricier suburbs, which pulls the median up.
2. How rare is a lot this size in Weston?
Very. Only about 3% of comparable homes in the neighbourhood have a larger land area. Most lots in Weston are between 2,900 and 3,600 square feet. This one sits at 5,252 square feet, making it an outlier for the area.
3. Does the home's 1908 build date mean it's likely unmodernized?
Not necessarily, but it's worth a close look. Many older homes in this part of Winnipeg have been updated over the decades, though often in phases. Given the assessed value, major systems (electrical, plumbing, roof) may be original or nearing end of life. A home inspection is essential.
4. Is the "Top 13%" living area ranking misleading for a 1,194 sqft home?
It depends on your perspective. The ranking is high because the neighbourhood average is only 936 square feet—so this home is noticeably larger than nearby properties. But citywide, 1,194 sqft is about average for a comparable home, so it's not large by broader standards.
5. What does the land-to-value ratio mean for resale potential?
The land is currently undervalued relative to its scarcity in the neighbourhood. If the area continues to see demand for more outdoor space—or if zoning allows for expansion or redevelopment—the property could appreciate faster than the house alone would suggest. It's a play on location and lot size, not on the existing structure.