1498 Pacific Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 1913 home with 1,260 square feet of living space on a compact 1,890-square-foot lot, located in Winnipeg’s Weston neighbourhood. What stands out most is the value proposition. The assessed value sits at $226,000, which is well above the street and neighbourhood averages (around $185,000–$186,000), yet notably below the citywide comparable average of $390,000. In other words, you’re getting a home that’s priced significantly under typical city-wide benchmarks for similar properties.

The house itself is spacious relative to its immediate surroundings—top 14% on the street and top 10% in the neighbourhood for living area. But the land is small: bottom 5% on the street and bottom 2% in the area. That’s the trade-off. The home is older than most city-wide (1913 vs. 1966 average), but not unusually old for Weston, where the neighbourhood average year built is 1937.

The appeal here is for buyers who want more indoor space without paying for a large yard or a premium location. It suits someone who values square footage over outdoor space, and who is comfortable with an older home in an established, modest neighbourhood. It may also appeal to investors or first-time buyers looking for an entry point below citywide median pricing, especially if they’re not concerned about lot size or modern construction dates.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $226,000 is above both the street average ($186,200) and the neighbourhood average ($184,700). It ranks in the top 21% on the street and top 18% in the area. However, it’s well below the citywide average for comparable homes ($390,100), which suggests this property offers more space per dollar than many other Winnipeg listings.

2. Is this a small lot for Weston?
Yes. At 1,890 square feet, the lot is smaller than nearly all comparable properties in the area—bottom 2% in the neighbourhood and bottom 5% on the street. Buyers should expect minimal yard space, but also less exterior maintenance.

3. How old is the house, and is that typical for the area?
Built in 1913, the home is older than most in Weston (average 1937) and significantly older than the citywide average (1966). It ranks around the middle of the street (top 58%) and neighbourhood (top 67%) for age, so older homes are not unusual here.

4. How does the living area compare to similar homes city-wide?
At 1,260 square feet, the living area is actually slightly below the citywide average for comparable homes (1,342 sqft). It’s around the middle city-wide (top 45%), but much larger than most homes on this street (top 14%) and in Weston (top 10%). So it’s a spacious option locally, but not unusually large by broader Winnipeg standards.

5. What type of buyer would get the most out of this property?
Someone who prioritizes indoor square footage and a lower purchase price over land size or a newer build. The small lot and older age may deter buyers seeking a modern home or big yard, but the assessed value and living area stats suggest it’s a strong value play—especially for first-time buyers or those looking to enter the Weston market without stretching into citywide pricing.