1449 Lincoln Avenue – Property Summary

Key Characteristics & Buyer Fit

This is a 1930s bungalow in the Weston neighbourhood of Winnipeg, with 814 square feet of living space on a 3,433-square-foot lot. Its assessed value is $213,000.

What stands out about this property is the clear disconnect between its street-level and city-wide standing. On Lincoln Avenue and within Weston, the home ranks well above average in assessed value—top 17% on the street and top 24% in the area—despite being smaller than many nearby homes (814 sqft vs. a street average of 859 sqft). This suggests the house carries premium value relative to its size, likely due to factors not captured in the raw metrics, such as condition, renovations, lot characteristics, or location within the street.

City-wide, however, the home falls into the bottom 10% for both size and value, which is typical for older, inner-ring properties in Winnipeg. The year built (1930) is also older than the city average (1966), meaning a buyer should expect the quirks and maintenance needs of a nearly century-old house.

This property would suit a buyer who values established neighbourhoods with mature trees and character, and who is willing to trade square footage and modern finishes for a more affordable price point in a stable area. It may also appeal to someone looking for a home where the assessed value already reflects some upside relative to the street—perhaps signalling recent improvements or a desirable lot. It is less suited for buyers seeking a move-in-ready, turnkey home with open-concept layouts or large rooms.

Frequently Asked Questions

1. How does this home compare to others in the area?
On Lincoln Avenue, it’s slightly smaller than average (814 vs. 859 sqft) but assessed higher than 83% of homes on the street. The lot size (3,433 sqft) is also slightly above the street average. So it’s a compact house on a solid lot that carries above-average value locally.

2. Is the 1930 build a concern?
Not inherently, but it means the home is older than roughly 90% of properties in Winnipeg. Expect systems (electrical, plumbing, HVAC) that may be original or updated at different times. A home inspection should pay close attention to the foundation, roof age, and insulation. The age also means smaller rooms and less closet space than newer builds.

3. Why is the assessed value relatively high for its size?
Assessed value isn’t just about square footage. It factors in land value, location, condition, recent sales of similar homes, and any improvements. The fact that this home ranks in the top 17% on its street despite being smaller suggests it may have been well-maintained or recently updated, or that its lot is in a desirable pocket of Weston.

4. What are typical utility costs for a home this age?
It depends heavily on insulation and window quality. Older homes often have less efficient windows and walls, leading to higher heating bills in Winnipeg winters. Many 1930s homes in the area have been partially updated—it’s worth asking for recent utility bills and checking the attic insulation.

5. Is this a good investment or first home?
As a first home, it’s a realistic entry point into a stable neighbourhood with reasonable property taxes relative to newer developments. As an investment, the value growth potential is likely tied to broader neighbourhood trends rather than any unique upside on this specific lot. The land area is modest compared to city lots, so redevelopment potential is limited unless zoning changes.