395 Symington Road – Property Overview

Key Characteristics & Buyer Profile

This property sits on a lot that is genuinely unusual for Winnipeg: 87,040 square feet places it in the top 1% citywide for land size. The house itself is a 1995 build, which makes it newer than about 80% of comparable homes across the city and notably newer than most homes on Symington Road and in Transcona South. The living area is 1,410 square feet—slightly below the average on its street, but consistent with neighbourhood and city norms.

Where the property stands out is value-for-land. Its assessed value of $547,000 is above average for Transcona South and well above the citywide average for similar homes, but the land component is what drives that. On Symington Road itself, many lots are even larger (averaging over 172,000 sqft), so the property is modest by that street’s standards, but from a broader city perspective, the lot size is exceptional.

The appeal here is for buyers who want space—not necessarily indoor square footage, but outdoor room for gardens, workshops, storage, or future development potential. It may also suit someone looking for a newer home without the cookie-cutter lot sizes found in typical subdivisions. Because the house is under 1,500 sqft on a very large lot, it could be a candidate for expansion or redevelopment, depending on zoning. Buyers should be practical: large lots mean more maintenance, and the assessed value reflects the land more than the house, so financing and insurance may differ from a standard urban property.

Five Frequently Asked Questions

1. Why is the lot size so much larger than average for Winnipeg?
Properties on Symington Road are part of an older corridor where lots were originally subdivided at larger scales. Many neighbouring lots are even bigger. Citywide, lots of this size are rare and typically found in semi-rural or former agricultural fringes. This one is within Transcona South, so it offers spacious land without being fully rural.

2. Does the assessed value mean the house is worth $547,000?
Assessed value is a market-based estimate used for property tax purposes, not a sale price guarantee. In this case, the high assessment relative to the neighbourhood is largely driven by the land. A buyer should expect the house itself to contribute less to the total value than the lot does.

3. Is the living area too small for the lot size?
At 1,410 sqft, the house is average for the area and city. Some buyers may see the small house on a large lot as a positive—room to renovate, add a secondary suite, or build a separate workshop or garage. Others may find the ratio unbalanced. It depends on whether you value indoor square footage or outdoor space more.

4. How does the year built affect maintenance or insurance?
Built in 1995, the home is 30 years old as of 2025. That puts it in a sweet spot: newer than most neighbouring homes (many from the 1970s or earlier), but old enough that major systems (roof, furnace, windows) may be due for replacement depending on the original install dates. It’s not new enough to command a premium for modernity, but it’s not old enough to be considered a fixer-upper by default.

5. What type of buyer typically looks at this kind of property?
People who want flexibility. Hobby farmers, gardeners, car or equipment enthusiasts, families planning for future expansion, or investors eyeing subdivision potential (if zoning allows). It’s less suited for someone wanting a move-in-ready, low-maintenance urban home or a newly built house with a standard lot.