1425 Pacific Avenue W – Property Summary

Key Characteristics & Buyer Fit

This is a compact, older home in Winnipeg’s Weston neighbourhood. At 728 square feet, it’s noticeably smaller than both street and city averages, and the lot is modest at 2,478 square feet—well below typical city lots. Built in 1928, it’s one of the older properties citywide, but its age is fairly typical for its street and neighbourhood. The assessed value sits around $191,000, which is close to street and area averages but far below Winnipeg’s overall median of $390,100.

The appeal here is pragmatic: this is an entry-level or downsizing property in an established, older neighbourhood. It doesn’t compete on space or land, but it’s relatively affordable compared to the city at large. A buyer who wants a foothold in a mature area, values lower purchase price over square footage, and is comfortable with an older home’s character and maintenance needs would find this worth a look. The rankings show it underperforms on size and lot across all three comparison levels, but the assessed value holds its own locally, suggesting the market sees stability on this street. This isn’t a property for someone seeking turnkey space or future redevelopment potential on a large lot—but for a practical buyer who prioritizes location and price over elbow room, it could be a solid fit.

Frequently Asked Questions

1. Why is the assessed value so close to the street average but so far below the city average?
The street and neighbourhood averages—around $185,000 to $186,000—reflect the local housing stock, which tends to be older and smaller. Citywide, the average includes newer, larger homes in higher-value areas, so the gap isn't unusual for this part of Winnipeg.

2. Is a 728 sqft home with a small lot a poor investment?
Not necessarily. The property's value is in its affordability and location, not its size. If the neighbourhood holds steady and maintenance is kept up, it can still appreciate steadily. The risk would be if buyers increasingly demand larger homes or more land, but that’s balanced by a lower entry point.

3. How much maintenance should I expect from a 1928 home?
Older homes often have original systems, foundations, and wiring that may need updating. You should budget for potential plumbing, electrical, and insulation upgrades. That said, if it’s been reasonably maintained, many 1920s builds hold up well. A thorough inspection is essential.

4. What does the “Top 80%” ranking for living area actually mean?
It means the home is larger than 20% of comparable homes on the same street, but smaller than 80% of them. In other words, it’s on the smaller side relative to its immediate neighbours. It’s not the smallest, but it’s not typical for the street.

5. Who would this home be a bad fit for?
Anyone needing more than two modest bedrooms, a large yard, or a home that doesn’t require updates. Also, if you’re looking to renovate and expand significantly, the small lot limits that possibility. It’s better suited for someone who values location and cost over space.