1512 Logan Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1945 bungalow with 980 square feet of living space on a notably large 4,221-square-foot lot. What stands out here isn't the house itself, but the land-to-value ratio. The assessed value of $224,000 is well above the Weston neighbourhood average of $184,700, ranking in the top 21% on Logan Avenue. Yet the living area is only around average for the street and below average citywide. The lot, at 4,221 square feet, ranks in the top 21% locally and top 19% in the broader area.

The appeal lies in what you're buying relative to what you're paying. You're getting a house that's roughly the same size as its neighbours, on a notably bigger piece of land, at a price that reflects the land more than the structure. The year built (1945) puts it in an older bracket citywide, which means systems and finishes may need updating—but also suggests a period of solid construction common in older Winnipeg homes.

This property would suit a buyer who sees land value as the primary asset and is comfortable with a smaller older home as a starting point. It could work well for someone looking to renovate and expand, or for an investor who wants a higher-than-average lot in an established neighbourhood. It's less suited to someone seeking a move-in-ready modern home or a large living space without renovation. The neighbourhood (Weston) is an older, established area—not a growth corridor, but stable.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes, and what does that mean for property taxes?
The assessed value of $224,000 is above the street average ($187,800) and neighbourhood average ($184,700), but well below the citywide average for comparable homes ($390,100). Property taxes are based on this assessed value, so you'll pay more than the immediate neighbours but less than the citywide typical home. The ranking (top 21% on the street) means roughly one in five nearby homes has a higher assessment.

2. Is the lot size unusual for the area?
Yes. At 4,221 square feet, it's larger than the street average (3,664 sqft) and the neighbourhood average (3,269 sqft). It ranks in the top 21% on Logan Avenue and top 19% in Weston. While not an oversized lot by city standards (average citywide is 6,570 sqft), it's noticeably bigger than what's typical around it.

3. What should I know about the age of the house?
Built in 1945, it's older than the citywide average (1966) but roughly in line with the street and neighbourhood. Older homes often have solid framing and good bones, but you should expect original or updated mechanicals, windows, and roof depending on the seller's disclosures. The age alone isn't a red flag—it's common for the area—but a home inspection is wise to assess foundation, wiring, and plumbing.

4. How does the living space compare to other homes in Winnipeg?
At 980 square feet, it's close to the street average (938 sqft) and neighbourhood average (936 sqft), so it's typical for the area. Citywide, it's below average (1,342 sqft), ranking in the bottom 24% of comparable homes. This means if you're coming from a newer suburban house, it will feel compact. If you're used to older Winnipeg bungalows, it's standard.

5. Is this a good investment property?
Potentially, yes—especially if you're focused on land appreciation. The lot is larger than most nearby, and the assessed value is already above the local average despite the house being modest. The below-average citywide ranking for living area and year built suggests the structure itself isn't driving the value. A buyer who can add square footage or redevelop the lot could see a strong return, but that depends on zoning and local development rules, which aren't covered here. As a rental, the smaller size limits income potential, but the higher land value may offset that over time.