1-510 St Anne'S Road

Key Characteristics & Profile

This is a 1,114-square-foot home built in 1976, on a 2,430-square-foot lot, with an assessed value of $241,000. Its core appeal is affordability combined with a newer construction era relative to its immediate surroundings. While the living space is slightly below the citywide average, the property ranks well for its year built — newer than 70% of homes on its street and in its Worthington neighbourhood. This suggests a more modern build quality or layout compared to older, nearby stock.

The assessed value is notably below both street and neighbourhood averages, which points to an entry-level price point in a area where many homes are valued higher. However, the land area is quite small — ranking in the bottom 20% on the street and bottom 7% citywide — so buyers should expect minimal yard space and a compact footprint.

Who it suits: First-time buyers looking for a solid, newer home in an established neighbourhood, without paying a premium for a large lot. Also practical for someone downsizing from a larger property who values a newer build over outdoor space. Less suited for families needing a big yard or investors seeking land appreciation.

Five Possible FAQs

1. How does the small lot size affect future resale or expansion potential?
The lot is significantly smaller than both street and neighbourhood averages. In a city like Winnipeg, where larger lots are common, this could limit options for additions or garage builds. However, lower land cost also keeps the purchase price accessible, and some buyers prefer low-maintenance yards.

2. The assessed value is low — should I be concerned about the home’s condition?
Not necessarily. Assessed value reflects market comparisons, not condition. A value below street average often means this home is priced for entry-level buyers, which can be a strategic advantage. A home inspection is still essential, but the low assessment alone isn't a red flag.

3. Why is the year built ranking better than the living area ranking?
This home was built in 1976, which is newer than most homes on St. Anne’s Road (average 1968) and in Worthington (average 1962). However, its 1,114 sqft living area is slightly below the street average of 1,365 sqft. So you’re getting a newer home with a modest floor plan — a trade-off that appeals to buyers who prioritize modern build over total square footage.

4. How does this property compare to others in the same price range nearby?
Homes with a similar assessed value in this area tend to be older (pre-1960s) or on smaller lots. This one is newer, which may mean better insulation, updated systems, or a layout that requires less immediate renovation. It’s worth comparing recent sale prices for homes built after 1970 in Worthington.

5. Is this a good investment for a rental property?
Given the low assessed value and smaller lot, the purchase price is likely favourable for cash flow. The newer build may mean fewer maintenance surprises. However, the compact size and lack of land could limit appreciation compared to larger properties. It may suit a buy-and-hold strategy more than a fix-and-flip.