Property Summary: 5-500 St Anne'S Road
Key Characteristics & Buyer Profile
This is a 1,114 sqft home built in 1976, sitting on a 1,620 sqft lot in Winnipeg’s Worthington neighbourhood. The assessed value is $228k.
Where the appeal lies: The property’s strongest card is its age. Built in 1976, it’s newer than most homes on its street (top 30%) and in the neighbourhood (top 30%). For buyers who want a home that’s not a century-old character fixer-upper but still old enough to have established landscaping and mature trees, this hits a sweet spot. The living area is around average for the neighbourhood but slightly below the citywide average for comparable homes—meaning it’s not cramped, but it’s not spacious either. The assessed value is notably below both the street and neighbourhood averages, which could translate to lower property taxes relative to nearby homes.
The trade-off: The land area is very small. At 1,620 sqft, it ranks in the bottom 4% of the neighbourhood and bottom 1% citywide. This isn’t a property for someone wanting a big yard, gardening space, or room for a future extension. The value is in the structure itself, not the land.
Who it suits: First-time buyers who want a relatively modern home in an established neighbourhood without paying for land they won’t use. Also suitable for downsizers or investors looking for a low-maintenance property where the tax burden is light. Not ideal for families who want outdoor space or anyone planning major additions.
Frequently Asked Questions
1. How do property taxes compare to other homes in the area?
With an assessed value of $228k—well below the neighbourhood average of $315k and the street average of $450k—you can expect lower annual property taxes than most nearby homes. That said, assessments are only one factor; mill rates and any exemptions or phase-ins will also play a role. Worth confirming with the city’s tax estimator.
2. Is this a townhouse, condo, or single-family home?
The data doesn’t specify the property type, but the small land area and average living space are consistent with a row house, townhouse, or a compact single-family bungalow on a narrow lot. The address format (5-500) suggests it may be a unit within a multi-dwelling complex or a condo-style arrangement. Buyers should verify the title and any strata or HOA fees.
3. How does the living area actually feel day-to-day?
At 1,114 sqft, it’s slightly below the city average for comparable homes (1,342 sqft) but slightly above the neighbourhood average (1,082 sqft). In practice, this means the layout likely feels functional but not generous. Rooms may be modestly sized, and storage could be tight. Worth checking if the basement is finished or if there’s potential to add livable square footage.
4. Why is the land area so small compared to other properties?
This property sits on a much smaller lot than typical for the street (average 72,423 sqft) and neighbourhood (7,831 sqft). That’s unusual, but keep in mind some of those large averages may be pulled up by a few properties with extremely big lots. The citywide average of 6,570 sqft suggests smaller lots are more common overall. Still, this is clearly a compact site—likely a zero-lot-line home or a unit in a multi-family building.
5. What should I look for during a viewing given the property’s age?
Built in 1976, this home is from the era of balloon-frame construction, aluminum wiring in some cases, and older insulation standards. Check for updated electrical panels, the state of windows (original or replaced?), and any signs of foundation settling. The roof and HVAC system will be around 50 years old if original—ask about replacements. A newer home often means fewer surprises, but 1976 isn’t new enough to take for granted.