1488 Lincoln Avenue – Property Summary

Key Characteristics and Buyer Fit

This is a compact, older home in Winnipeg’s Weston neighbourhood, built in 1912 with 540 square feet of living space on a 2,462-square-foot lot. Its assessed value is $154,000. Across every comparison—street, neighbourhood, and citywide—the property ranks below average for living area, land size, and year built. The assessed value is also below average on the street and citywide, but sits roughly in the middle for the neighbourhood.

The appeal here is not in size or modernity. It’s a small-footprint property in a well-established area, which may suit buyers looking for a lower entry point into an older Winnipeg neighbourhood, or those open to renovating or expanding a house with character. The land, while small by city standards, still offers a yard in a dense street context. Investors or first-time buyers focused on affordability rather than square footage or move-in readiness might see value here—especially given the assessed value is notably lower than the Weston average. It’s less suited for someone wanting a large family home or a property with contemporary finishes.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
It’s significantly smaller than most. On Lincoln Avenue, it ranks 121st out of 126 homes for living area. The average living space on the street is 859 square feet; this home is 540. The same pattern holds in Weston and citywide.

2. Is the assessed value a good indication of market price?
Assessed value is used for property tax purposes and may differ from market value, but it provides a useful benchmark. At $154,000, this home is below the neighbourhood average of $184,700 and well below the citywide average of $390,100. It suggests a relatively affordable property, though condition and recent sales would need to be considered.

3. What’s the land like, and could it be subdivided or added to?
The lot is 2,462 square feet, smaller than most in the area (the Weston average is 3,269). It ranks 112th out of 126 on the street. Given its size and the age of the home, expansion or subdivision would likely be limited by zoning and practical constraints. A buyer interested in adding square footage should check local bylaws and lot coverage limits.

4. Why is the year built a notable factor?
Built in 1912, it’s older than nearly all homes on the street (ranked 122nd out of 126) and most in Weston. This may appeal to someone looking for original character, but it also means potential challenges with older systems, insulation, and maintenance. Renovations may need to meet modern codes while preserving heritage elements.

5. What kind of buyer typically considers a property like this?
Buyers who prioritize location and price over size. It could suit a single person, a couple, a downsizer, or an investor willing to update a small home in a central neighbourhood. It’s less likely to appeal to families needing multiple bedrooms or someone seeking a turnkey property with large rooms and a big yard.