1388 Winnipeg Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 1945-built home with 945 square feet of living space on a 4,527-square-foot lot. Its assessed value is $157,000.

The property’s strongest feature is its land. The lot is well above average for both the street (top 11%) and the Weston neighbourhood (top 13%), and sits near the middle of the pack citywide. For someone who values outdoor space or sees potential for expansion, that’s the main draw. The living area is around average for the immediate street and neighbourhood, but smaller than many citywide comparables—so it’s not a house for anyone needing generous interior square footage from the start.

The year built is older than most homes in Winnipeg (top 78% citywide), which places it among the older stock on the street and in Weston, but not unusually so for the area. The assessed value is notably low: below average locally and in the bottom 4% citywide. That combination—a large lot with a modest, older house at a low valuation—tends to appeal to buyers looking for a property with underlying land value rather than move-in-ready finishes. It would suit someone open to renovations, a buyer wanting to build equity through improvements, or an investor interested in the lot itself over time. It is less likely to suit someone seeking a turnkey home or a compact, low-maintenance yard.

Five Possible FAQs

1. How does the property’s assessed value compare to similar homes nearby?
It is assessed at $157,000, which is below the street average of $198,400 and well below the citywide average of $390,100. In the Weston neighbourhood, it ranks near the middle (top 65%). That suggests the home’s structure and condition likely factor into a lower valuation than the land alone might command.

2. Is the living space considered small for the area?
At 945 square feet, it is slightly below the street average of 1,121 sqft, but larger than the neighbourhood average of 936 sqft. Citywide, it is on the smaller side. So it is typical for Weston, but a bit compact relative to the immediate street.

3. What does the lot size allow for?
With 4,527 square feet, the lot is larger than most on the street (top 11%) and in the neighbourhood (top 13%). Citywide, it is around average. That gives room for additions, a garage, a large garden, or subdividing potential—but you would need to check zoning and local regulations directly.

4. How old is the house, and is that a concern?
Built in 1945, it is older than most homes citywide but comparable to others on the street and in Weston. Many homes of this vintage have solid construction but may need updates to electrical, plumbing, insulation, or windows. A home inspection would clarify what has been maintained or replaced.

5. Who typically buys a property like this?
It tends to attract buyers who prioritize land over the house itself—people looking to renovate, build new, or hold for long-term appreciation. It is less common for first-time buyers wanting a finished, modern home, unless they have budget left for significant work. Investors and flippers also take interest, given the low valuation relative to lot size.