295 Smart Street

295 Smart Street – Property Summary

Key Characteristics & Who It Suits

This is a 1914-built home with 640 sq ft of living space, set on a 3,865 sq ft lot in the Weston area of Winnipeg. Its most notable feature is the land: relative to other homes on the same street and within the neighbourhood, the lot size is close to average, which gives it better proportional yard space than its modest interior footprint might suggest. The property’s assessed value and living area both fall well below local and citywide averages—ranking in the bottom 2% citywide for assessed value, and bottom 10% within Weston for square footage.

The appeal here is primarily affordability and potential. For someone willing to invest in updates or a small-scale renovation, this property offers a lower entry point in terms of both purchase price and property taxes. It would likely suit first-time buyers who are handy or open to cosmetic improvements, or investors looking for a rental property with lower carrying costs. The older construction year (1914) means it’s not modern, but it sits within a neighbourhood where older homes are common, so the character may fit the area. Buyers should be comfortable with a smaller floor plan and understand that resale value will be tied to how much the interior is upgraded over time.

Frequently Asked Questions

1. How does the property’s size compare to other homes nearby?
The living area of 640 sq ft is below average for both Smart Street (average 954 sq ft) and the wider Weston area (average 936 sq ft). However, the lot size of 3,865 sq ft is close to the neighbourhood average of 3,269 sq ft, so the yard is proportionally more generous.

2. What does the assessed value tell me about ongoing costs?
The assessed value of $105,000 is significantly below the citywide average of $390,000 and below the Weston average of $185,000. This directly affects property taxes—they will be lower than most homes in the city, which is a practical advantage for budget-conscious buyers.

3. Is the roof or structure likely to need major work due to the age?
The home was built in 1914, which makes it over a century old. Age alone doesn’t guarantee problems, but it’s fair to expect that systems (electrical, plumbing, heating) and the roof may need more attention than a newer home. A thorough inspection is strongly advised.

4. How does this property compare as a rental or investment?
Given the low assessed value and smaller size, the purchase price and carrying costs should be low. That can support decent cash flow if rented out, but the rental income potential will be limited by the square footage. It’s more of a “budget entry” investment than a high-yield one.

5. Why is the property ranked so low for living area and value?
Most homes in Weston and across Winnipeg have larger floor plans and higher assessed values. This property sits at the smaller, more affordable end of the spectrum. The rankings reflect that it’s an outlier in terms of size and price, not necessarily that it’s in poor condition—just that it offers a different profile than the typical home in the area.