Key Characteristics & Buyer Profile

This is a 2015-built home on Roy Avenue in Winnipeg’s Weston neighbourhood. It’s small by city standards—878 square feet—but that makes it a relative standout in its immediate street and area, where homes are generally older and smaller still. The assessed value of $273,000 is well above the street and neighbourhood averages (around $190,000), and the home falls in the top 11% for value on its street and top 7% in the neighbourhood.

The real appeal here is the balance between newness and affordability. You get a house built in 2015, which is recent compared to both the street (average build year 1950) and the city overall. The land area is modest at 2,597 square feet—smaller than average—so this isn’t a lot for someone wanting a big yard or expansion potential. What it offers instead is a relatively modern, low-maintenance home in an older, established area, at a price well below the citywide median assessed value ($390,000).

This property would suit a first-time buyer, a small household, or someone downsizing who wants a newer build without paying newer-build prices. It’s also a good fit for an investor targeting an entry-level rental in a solid, working-class neighbourhood. The trade-off is clear: you get a better-than-average home for the area in terms of condition and efficiency, but you’re not getting a large lot or a rapidly appreciating location.

Five Possible FAQs

1. Is this a small house compared to others in Weston?
It’s actually close to the neighbourhood average of 936 square feet. It’s only when you compare it to newer single-family homes across Winnipeg (average 1,342 sqft) that it feels compact. On Roy Avenue specifically, it’s right around the typical size.

2. Why is the assessed value so much higher than the street average?
Because most homes on the street are much older—built in the 1950s or earlier—and likely have lower condition ratings. A 2015 build with modern finishes and systems naturally draws a higher assessment, even with a small footprint.

3. Does the small lot size affect resale potential?
It could limit appeal for families wanting a big yard or future additions. But for buyers who prioritize a newer, move-in-ready home with minimal outdoor upkeep, the small lot is actually a feature, not a drawback. It also keeps property taxes lower.

4. How does the year built compare to other homes in Weston?
Only 65 homes out of 1,736 in the neighbourhood (top 4%) are newer. That’s unusual for an older inner-city area. So if you want something built after 2010 without paying a premium for a soulless new subdivision, this is a rare find.

5. Is the neighbourhood trending up or stable?
Weston is a mixed, working-class area with older housing stock. It’s not a hot gentrification zone, but it’s established and close to amenities. The value here comes from the home itself being well above the neighbourhood standard—you’re buying a recently built asset in an area where most homes need work.