98 Worthington Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1952 bungalow with 1,044 square feet of living space on a 11,140-square-foot lot. The house itself is modest—its living area sits right around the average for the street and neighbourhood, and slightly below the citywide average for comparable homes. The assessed value of $346,000 is a bit above the street and neighbourhood averages, though still below the citywide benchmark.
The standout feature is the lot. At over a quarter-acre, it ranks in the top 4% citywide and top 12% within the neighbourhood. That’s unusual for a home of this size and era. The trade-off is the house’s age: built in 1952, it’s older than most homes on the street (which average 1957) and much older than Winnipeg’s citywide average of 1966.
Where the appeal lies: The property’s real value is in the land, not the structure. For a buyer who sees potential in renovating, expanding, or even subdividing (subject to zoning), this is a rare find in a solid, established neighbourhood. The location on Worthington Avenue places it in a stable area with decent comparables, and the assessed value suggests the market already recognizes the land premium.
Who it suits: Practical buyers who aren’t looking for a move-in-ready showpiece. First-time homeowners willing to take on upgrades, or investors looking for a property where the land base offers long-term appreciation. It’s less suited to someone wanting a finished, modern home at market rate—they’d be paying for a lot they may not fully use.
Frequently Asked Questions
1. Is the house livable as-is, or does it need major work?
The data doesn’t describe the interior condition, but the home being from 1952 and ranking relatively low in year-built suggests it’s likely original or only partially updated. You should expect at least some system upgrades (electrical, plumbing, roofing) and cosmetic work. A home inspection is strongly recommended before making an offer.
2. Why is the assessed value above the neighbourhood average but below the citywide average?
The neighbourhood average ($315,300) is lower because many homes there have smaller lots. Your property’s larger land parcel pushes its assessed value higher within Worthington. Citywide, the average ($390,100) includes newer, larger homes in other parts of Winnipeg, which this property doesn’t compete with on living space or age.
3. Could I build an addition or a second dwelling on this lot?
At 11,140 square feet, the lot is well above average, but whether you can add living space or subdivide depends on Winnipeg’s zoning bylaws for this specific area. Check the property’s zoning designation and consult the city’s planning department. A real estate agent familiar with the neighbourhood can also help clarify what’s permitted.
4. How does the living area compare to other homes on the street?
It’s almost exactly average. The street’s average living area is 1,102 square feet, and this home is 1,044—just 5% smaller. On the street, it ranks 84th out of 174 homes. So it’s not notably cramped or spacious compared to its immediate neighbours.
5. Is this a good investment property?
Potentially, but for land value rather than rental yield. The lot’s rarity (top 4% citywide) gives it strong resale or redevelopment upside over time. However, the existing house is older and smaller, which may limit rent unless you renovate. Crunch the numbers on carrying costs and expected rents before committing, and factor in at least some capital for repairs.