155 Worth Street, Winnipeg — Property Summary

Overview & Buyer Profile

This is a 986-square-foot home built in 1911, sitting on a 2,697-square-foot lot in the Weston neighbourhood of Winnipeg. Its assessed value is $154,000.

Key characteristics: The property is modest in size compared to citywide averages (where typical homes exceed 1,300 square feet on lots over 6,500 square feet), but it holds its own within the immediate neighbourhood. On Worth Street itself, it ranks 4th out of 13 for living area—meaning it’s on the larger side for the street. The land and assessed value, however, trend below local and city benchmarks. The home is older than most, built before either world war.

Where the appeal lies: The property offers a more compact, lower-cost entry point into a stable inner-city area. The low assessed value relative to the neighbourhood average ($184,700) and citywide average ($390,100) suggests below-market tax burden and potential for value growth if renovations or upzoning are feasible. The street-level living-area ranking indicates it's not the smallest on the block, which helps with resale optics.

Suitable buyers: First-time buyers who prioritize affordability over square footage, investors looking for a lower-cost rental or flip in an area with moderate density, and owners who appreciate older construction (pre-1930s character) and are comfortable with the maintenance that comes with a century-old home. Less obvious: this could suit someone downsizing from a larger house who still wants a detached home but doesn’t want to pay for space they won’t use.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?

The assessed value of $154,000 is below both the Worth Street average ($192,500) and the Weston neighbourhood average ($184,700). Citywide, it sits in the bottom 3% of assessed values for comparable homes. This means property taxes are relatively low, but it also reflects that the home may need updates or is on a smaller lot than typical city properties.

2. Is a 2,697 sqft lot considered small for Winnipeg?

Yes, by citywide standards. The average lot for comparable homes in Winnipeg is 6,570 sqft, so this lot is roughly 40% of that. However, within Weston, the average lot is 3,269 sqft, so it’s closer to the neighbourhood norm—ranked #819 out of 1,736, or right around the middle.

3. What does the "year built" ranking tell me about the property's condition?

The home was built in 1911, making it older than 93% of comparable homes citywide and 79% of homes in Weston. Rankings here are based on age, not condition. Older homes often have solid framing and character details, but mechanical systems, roofing, insulation, and foundation may need attention. A thorough inspection is advisable.

4. How does the living area of 986 sqft compare to other homes?

Within a two-block radius on Worth Street, it’s above average (ranked 4th out of 13). In Weston overall, it’s around average (top 37%). Citywide, it falls below the typical home (top 76%, meaning 76% of homes are larger). For a single person or couple, 986 sqft is comfortable; for a family needing multiple bedrooms and open space, it may feel tight.

5. What’s the potential for this property to increase in value?

The low purchase price relative to neighbourhood averages suggests room for appreciation if the market in Weston strengthens or if you add value through renovations. The smaller lot limits expansion potential, but the street-level ranking for living area means the property isn't an outlier in a negative way. The biggest factors to watch: condition of the structure, zoning for any future additions, and broader trends in Winnipeg’s inner-city neighbourhoods.