1493 Lincoln Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1929-built home with 745 sq ft of living space on a notably large 4,428 sq ft lot. The property’s standout feature is its land: ranked in the top 6% on its street and top 14% in the Weston neighbourhood, the lot is considerably bigger than most nearby homes, which average around 3,200–3,300 sq ft. The living area itself is slightly below both the street and city averages, but the assessed value of $190,000 is competitive for the area—just above the street and neighbourhood averages of roughly $185,000–$186,000. Citywide, however, the assessed value is well below the $390,100 average, reflecting the home’s modest size.

The appeal here is pragmatic: you’re getting a smaller house on a generous piece of land in an established, older part of Winnipeg. The lot is the real asset, offering room for gardens, a garage, or future expansion—something many homes on Lincoln Avenue and in Weston lack. The home itself is from the late 1920s, which aligns with the street’s median build year of 1936 and the neighbourhood’s of 1937, so it’s not an outlier in age. This property would suit buyers who prioritize outdoor space and a quiet street over interior square footage, or those looking for a renovation project where the land adds long-term value. It may also appeal to investors holding for land appreciation in a central, established area.

Five Possible FAQs

1. How does the lot size compare to other homes on my street?
It’s an outlier. At 4,428 sq ft, this lot is in the top 6% of homes on Lincoln Avenue. The average lot on the street is 3,219 sq ft, so you’re getting roughly 37% more land than most neighbours.

2. Is the assessed value in line with what I’d expect for the area?
Yes, closely. The assessed value of $190,000 sits near the street average of $186,000 and the neighbourhood average of $184,700. It’s not unusually high or low for Weston, though it’s very low by citywide standards because comparable homes across Winnipeg are often larger and newer.

3. How old is the house, and is that normal for the neighbourhood?
Built in 1929, it’s slightly older than the street average (1936) and neighbourhood average (1937), but still within a typical range for Weston. Many homes in this part of Winnipeg date from the early to mid-20th century.

4. What should I be aware of regarding the living space?
At 745 sq ft, the living area is below both the street average (859 sq ft) and the neighbourhood average (936 sq ft). It’s a compact home, so if you need more interior room, you’d likely need to consider an addition or be comfortable with a smaller footprint.

5. Is the land value likely to hold or increase over time?
The lot’s size and strong ranking within the street and neighbourhood suggest it has inherent value that is less tied to the condition of the house itself. In established communities like Weston, where large lots are less common, this can be a buffer against depreciation and a point of appeal for future buyers—especially if the area sees infill development or rising demand for outdoor space.