1534 Logan Avenue – Property Summary

1. Key Characteristics & Buyer Profile

This is a 700 sqft home built in 1946, sitting on a notably large 4,246 sqft lot in Winnipeg’s Weston neighbourhood. The property’s standout feature is the land: it ranks in the top 18% for lot size within the neighbourhood and top 17% on its street, offering significantly more outdoor space than most nearby homes. The house itself is compact—below average in living area compared to street, neighbourhood, and city-wide averages—but its year of construction is older than many local properties, which could appeal to those looking for pre-war character or a fixer-upper with solid bones.

The assessed value sits at $161,000, which is around average for its street and neighbourhood but well below the city-wide average of $390,100. This suggests the property is priced relative to its immediate area rather than broader market trends. The land-to-building ratio is unusual: a small house on a large lot. That dynamic tends to appeal to buyers who prioritize yard space, gardening, or future expansion potential over interior square footage.

Who it suits: Buyers looking for an entry-level home in Weston with room to grow—literally. It’s a good fit for someone comfortable with a smaller living footprint who values outdoor space, or for an investor or renovator eyeing a property where the land may hold more long-term value than the structure. It’s less suited for anyone needing generous interior space or a move-in-ready home without work. The older build year also suggests potential for original details, but also possible maintenance needs.

2. Five Likely FAQs

1. How does the living area compare to other homes nearby?
At 700 sqft, this home is below average for its street, neighbourhood, and city. On Logan Avenue specifically, it ranks in the bottom 21% for living area. Most comparable homes in Weston are around 936 sqft, so expect a more compact interior than typical for the area.

2. Is the assessed value reasonable for what you get?
The $161,000 assessment is close to the street and neighbourhood averages ($187,800 and $184,700 respectively), meaning it’s priced in line with comparable properties in the immediate area. Compared to Winnipeg city-wide, it’s significantly lower, which reflects both the smaller living area and the older construction.

3. What’s the advantage of the large lot?
The 4,246 sqft lot is well above average for both the street and neighbourhood, placing it in the top 20% locally. This offers room for a substantial garden, shed, workshop, or future addition—if zoning allows. It’s a genuine rarity in a neighbourhood where most lots are under 3,700 sqft.

4. How old is the house, and should that be a concern?
Built in 1946, it’s older than most homes on its street (average 1949) and slightly newer than the neighbourhood average (1937). City-wide, most comparable homes are from 1966, so this is an older structure. That could mean solid pre-war construction but also potential issues with outdated wiring, plumbing, or insulation. A thorough inspection is advisable.

5. Could this property be a good investment?
Possibly, but it depends on the buyer’s goals. The land is the stronger asset here; if the neighbourhood appreciates or densification increases, the lot could become more valuable than the house itself. The current assessed value suggests limited immediate upside unless renovations are done. For an owner-occupier willing to put in work, it offers lower entry cost and room to improve. For a pure flip, the small living area may limit resale appeal without significant expansion.