1464 Elgin Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 2015-built home in Winnipeg’s Weston neighbourhood with 874 sqft of living space on a 2,597 sqft lot. Its assessed value is $270,000.

The property stands out most for its age. Built in 2015, it ranks in the top 7% citywide and top 4% within Weston—a neighbourhood where the average home was built in 1937. For buyers who want a newer home without leaving a more established, central area, that’s a meaningful differentiator. The assessed value also runs high relative to the immediate street and neighbourhood: top 12% on Elgin Avenue and top 8% in Weston, where the average assessment is around $185,000. That suggests the home has held or gained value well against older stock.

Where it gives ground is space. The living area (874 sqft) is below the citywide average of 1,342 sqft, though it’s typical for the street and neighbourhood. The lot (2,597 sqft) is on the smaller side, ranking in the bottom 17% on the street and bottom 40% in Weston. Buyers trading square footage for a newer build and a lower-maintenance yard will find that balance appealing.

Who it suits: First-time buyers or downsizers who prioritize a newer, energy-efficient home over maximum indoor or outdoor space. Also suited to anyone who wants to be in Weston—a neighbourhood with older character homes—but prefers something built to current standards without major renovation work.

Five Possible FAQs

1. Is this property a good investment compared to older homes in the area?
It depends on your priorities. The assessed value is already well above the Weston average, so some of the “newness premium” may be priced in. However, the home is only about a decade old, which means fewer major repair bills (roof, furnace, windows) in the near term—something older homes in the same price range can’t always offer.

2. How does the living area compare to typical two-bedroom homes in Winnipeg?
874 sqft is on the smaller side for a detached home, but it’s comparable to many two-bedroom bungalows and some newer townhouses. Buyers used to suburban new builds (often 1,200+ sqft) may find it compact. That said, the floor plan is likely more efficient than a pre-1950s home of the same size.

3. Why is the assessed value relatively high for the neighbourhood?
The short answer is the 2015 build date. Within Weston, most homes are from the 1930s and 1940s, so a newer home typically appraises higher simply because of condition, modern systems, and finishes. The lot is smaller, but the structure itself is what drives the assessment up against the local average.

4. Is the lot size a problem for resale?
It could be for buyers who want a large garden, a garage, or room to expand. But for the current size of home, a 2,597 sqft lot is functional—enough for a small backyard and basic outdoor space. In a neighbourhood where many lots are 3,000–4,000 sqft, it’s below average, not unusually small.

5. How does this home compare to new infill builds in Winnipeg?
It’s similar in concept—a newer house on an older street—but likely more affordable than a custom infill, which can easily exceed $350,000–$400,000 in central neighbourhoods. The main trade-off is that this home isn’t brand-new (it’s 9–10 years old), so the finishes and layout reflect mid-2010s trends rather than 2024 tastes.