1524 Pacific Avenue W – Property Summary

Key Characteristics and Buyer Profile

This 1,110 sqft home, built in 1950, sits on a 2,491 sqft lot in Winnipeg’s Weston neighbourhood. Its standout feature is value: the assessed value of $250,000 is well above the street and neighbourhood averages (top 14% and top 11%, respectively), yet it remains below the citywide average—meaning you get strong relative worth without paying a citywide premium. The living area is slightly larger than the neighbourhood norm (top 21%), but the lot is on the smaller side, especially compared to citywide averages (bottom 4%). The property scores best on a local scale—both for size and assessed value—but the age of the home and compact land area temper its broader appeal.

This home suits buyers who prioritize affordability and square footage over outdoor space. It would work well for someone looking for a solid, older home in a settled inner-city neighbourhood where smaller lots are typical. Investors or first-time buyers might see the assessed value as a sign of stable, below-market equity relative to the wider city. A more thoughtful angle: while the land is small, the higher living area suggests the footprint is efficient—less yard work, more house. This could appeal to downsizers or those who see a small lot as a practical, lower-maintenance asset rather than a limitation.

Five Possible FAQs

1. Why is the assessed value high for the street but low citywide?
   The home is valued well above the average on Pacific Avenue and in Weston, where properties tend to be cheaper. Across all of Winnipeg, however, the $250,000 figure sits below the $390,100 citywide average. This gap often reflects the neighbourhood’s older housing stock and more modest lot sizes.

2. The living area is 1,110 sqft—how does that compare to similar homes nearby?
   It’s above average. On this street, the median is about 986 sqft, and in Weston it’s 936 sqft. Citywide, the average for comparable homes is higher (1,342 sqft), but that’s partly because newer and larger suburban properties pull the number up.

3. The house was built in 1950. Should I expect major renovations?
   Possibly. The home is older than 72% of properties citywide, which is typical for Weston. Systems like electrical, plumbing, and insulation may need updating. That said, many homes from this era have solid construction. A home inspection is the best way to gauge actual condition.

4. The lot is 2,491 sqft—is that considered small?
   Yes, relative to the city. The average lot in Winnipeg is over 6,500 sqft, so this is well below that. But on Pacific Avenue itself, the average is about 2,925 sqft, so it’s not unusually small for the street. Smaller lots often mean less yard maintenance and a more compact, walkable neighbourhood feel.

5. What do the rankings and bar colors mean?
   Each ranking shows how the property compares to “comparable homes” within that area—street, neighbourhood, or city. A higher rank means it’s stronger in that category. The bar fill length indicates the share of peers you outperform, and the color (red, blue, amber, gray) is just a visual tier—not a rating of quality. For example, a red bar for assessed value means the property ranks high relative to others in that group.