1415 Logan Avenue – Property Summary

Key Characteristics & Buyer Suitability

This is a compact, older home in Winnipeg’s Weston neighbourhood with a living area of 752 square feet and a land area of 2,510 square feet. Built in 1916, it is older than most properties on its street, in its neighbourhood, and across the city. The assessed value sits at $182,000, which is roughly average for the immediate street and neighbourhood but well below the citywide median of $390,100.

The appeal here is straightforward: this is an entry-level price point in a mature, established area. The smaller footprint and lower land cost keep the barrier to ownership relatively low compared to newer or larger homes in other parts of the city. The property ranks in the top 37% for assessed value on its street, suggesting it is not the cheapest option in the immediate area but still represents a value relative to citywide averages.

What is less obvious is that while the home is small by modern standards, its land-to-building ratio is actually decent for an older urban lot. The land area ranks near the bottom citywide, but on its own street, it is not a major outlier. That means a buyer is paying for location and structure rather than speculative land value. This property would suit first-time buyers looking to get into a central neighbourhood without stretching, or investors targeting lower-cost infill or rental opportunities in an established corridor. It is less suited for someone looking for move-in-ready space or a family-sized home without renovation.

Five Possible FAQs

1. Why is the assessed value so much lower than the citywide average, but average for the neighbourhood?
The assessed value reflects the local market, not a citywide benchmark. In Weston, many homes are older and smaller, so property values cluster around the low-to-mid $180,000s. The citywide average of $390,100 is pulled up by newer, larger homes in higher-demand areas. In this context, $182,000 is typical for the area.

2. Is a 1916 build a concern for financing or insurance?
Not necessarily, but it is worth noting. Some lenders and insurers have age-related criteria, especially for homes with original wiring, plumbing, or roofing. A property this old may require additional inspections or a specialized policy. Buyers should verify the condition of major systems before committing.

3. The living area is well below the city average—does that mean the home is very small?
It depends on expectations. At 752 square feet, this is a small home by current standards. The citywide average for comparable homes is 1,342 square feet. However, the street and neighbourhood averages are closer to 936 square feet, meaning this property is only slightly smaller than what is typical locally. It would likely suit a single person, a couple, or someone downsizing.

4. How does the land size compare to other properties in the area, and what does that mean practically?
The lot is 2,510 square feet, which ranks in the bottom quarter citywide. On its own street, it is still below average but not dramatically so. Practically, this means limited yard space and less room for additions or garages. It does mean lower maintenance and potentially lower property taxes, but it also limits future expansion.

5. What does “Top 94%” citywide ranking mean for this property?
It means this property ranks in the bottom 6% citywide for both living area and land area, and in the bottom 11% for year built. That sounds negative, but context matters. It is an older, smaller home in a neighbourhood where those characteristics are the norm. The rankings simply confirm that this property is not competing with newer, larger suburban homes—it competes within its own local market.