7-510 St Anne’s Road – Property Summary
Key Characteristics & Buyer Profile
This is a 978-square-foot home built in 1976, positioned on a 1,415-square-foot lot. The property sits at a noticeably lower price point than most of its neighbours.
Where this home stands out is its age—it’s newer than roughly 70% of homes on St Anne’s Road and in the Worthington area. That means a newer roof, mechanicals, and structure compared to many nearby houses, which is often a quieter advantage than square footage or lot size.
The trade-off is clear: the living area is below the street average of 1,365 square feet, and the assessed value ($219,000) is significantly under both the street average ($449,600) and the neighbourhood average ($315,300). The land area is also very small—in the bottom 3% on this street—so outdoor space is limited.
What’s the appeal?
It’s an entry-level price for a home that’s newer than most in the area. You’re not paying for land or extra space; you’re paying for a more modern structure at a budget-friendly point. This would suit first-time buyers who prioritize a newer build over square footage, or investors looking for a low-cost property in a mature neighbourhood where surrounding homes have higher values. It could also work for someone downsizing who wants a newer, smaller, lower-maintenance home without moving to a suburban development.
Five Possible FAQs
1. Why is the assessed value so much lower than others on the street?
The home’s living area and land size are both well below the street average. Assessed value reflects size and land value, so a smaller home on a very small lot naturally lands lower—even though the building itself is newer.
2. How does the smaller lot affect day-to-day living?
With just 1,415 square feet of land, outdoor space is minimal. Think patio or small yard rather than a full lawn. If gardening, play areas, or entertaining outdoors are priorities, this property may feel tight.
3. Is this a good investment given the low assessed value?
It depends on your goal. The low entry price is appealing, but resale will likely be to a similar buyer—someone wanting a newer, smaller home. Appreciation may be slower than neighbourhood averages, since land value (which typically drives long-term gains) is limited here.
4. Does “newer than most” really matter for a home built in 1976?
Yes—especially in a neighbourhood where homes average from the 1960s. A 1976 build often means updated electrical, better insulation, and fewer legacy issues like knob-and-tube wiring or outdated plumbing. It’s a relative advantage, not a modern one.
5. What’s the neighbourhood like?
Worthington is an established Winnipeg area. The home’s low assessed value relative to neighbours means you’re buying into a higher-value street at a discount. Surrounding properties may be larger and more expensive, which can be a positive for future resale, but don’t expect the same finishes or land.