1427 Elgin Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 607 sqft home built in 1923 on a 5,038 sqft lot in the Weston neighbourhood of Winnipeg. The property’s appeal lies almost entirely in its land, not its structure. The lot is well above average for both the street (top 16%) and the neighbourhood (top 7%), meaning you get significantly more outdoor space than most nearby homes. The house itself is small—among the smallest on the street and city-wide—and the assessed value reflects that, sitting well below average at $133,000. The year built is typical for the area, which is older than the city average.

This suits a buyer who values yard space over interior square footage. It would be a strong fit for someone looking to renovate or rebuild, or for an investor who sees potential in the land. It is less suitable for a buyer who needs a move-in-ready home with generous living space. The trade-off is clear: you are paying for the property’s footprint, not its current house.

Frequently Asked Questions

1. Why is the living area ranked so low but the land ranked so high?
These are two separate attributes. The house itself (607 sqft) is one of the smaller homes on Elgin Avenue and in the city. The lot (5,038 sqft), however, is generous for the street and neighbourhood. This is not uncommon in older Winnipeg areas where original smaller homes sit on larger lots.

2. Is the assessed value a good deal?
At $133,000, the assessed value is below average for the street ($189,600) and neighbourhood ($184,700). The low value is driven by the small living area and older construction. Whether it is a good deal depends on what you plan to do. If you use the house as-is, it is priced accordingly. If you plan to develop or expand, the land’s potential is not fully reflected in the current assessment.

3. How old is the house, and is that a problem?
Built in 1923, the house is typical for Weston but older than most homes city-wide. Age alone is not a problem if the structure has been maintained. However, older homes often come with outdated systems (electrical, plumbing, insulation) that may need attention. A thorough inspection would be wise.

4. How does the land size compare to other properties in Winnipeg?
City-wide, this lot is around average (top 54%). It is not oversized by city standards, but it is notably large for its immediate street and neighbourhood. That means you have more privacy and outdoor space than your direct neighbours, but you are not buying a compound.

5. Who typically buys this type of property?
Two common profiles: first, a buyer who wants a fixer-upper or teardown and sees the land as the primary asset. Second, someone who values a large yard for gardening, pets, or kids and is willing to live in a compact home. It is less common for a family seeking a ready-to-move-in, spacious house.