1562 Logan Avenue – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a compact 720 sqft home on a notably large 4,245 sqft lot in Winnipeg’s Weston neighbourhood. The living area is below average at every level—street, neighbourhood, and citywide—ranking in the bottom 5% across the city. The land, however, tells a different story: the lot is well above average for both the street (top 21%) and the neighbourhood (top 18%), giving it a strong advantage over nearby properties. The home was built in 1946, making it older than most street and neighbourhood comparables, but not unusually so for the area.

Its assessed value of $164,000 sits roughly at the middle of the pack locally—slightly below the street average of $187,800 and neighbourhood average of $184,700—but well below the citywide median of $390,100. This suggests the property’s value is tied more to its location and land than to the structure itself.

The appeal here is straightforward: you’re buying land and location, not square footage. For someone who values outdoor space, gardening, or the possibility of future expansion, this lot offers flexibility that most nearby homes don’t. The property would suit a buyer who is comfortable with a smaller house and sees the land as the primary asset—whether for a workshop, a large yard, or a longer-term project. It’s less suited to someone looking for a move-in-ready, spacious home or a newer build.

Five Frequently Asked Questions

1. How does the living area compare to other homes I might look at nearby?
It’s small—720 sqft puts it in the bottom 25% on the street and bottom quarter of the neighbourhood. Most comparable homes in Weston are around 936 sqft. Citywide, it’s in the bottom 5%. If space inside is a priority, you’ll likely want to compare it with other listings in the area before deciding.

2. What’s the real advantage of the large lot?
The land size is the standout feature. At 4,245 sqft, it beats 79% of homes on Logan Avenue and 82% in Weston. That extra space could be used for a garage, a garden, a shed, or simply more distance between neighbours. In a neighbourhood where lots average closer to 3,200–3,600 sqft, this is a meaningful difference.

3. Is the assessed value low because the house needs work?
Not necessarily. The low value relative to the city reflects the smaller living area and older construction, not necessarily disrepair. However, an older home from 1946 will likely have maintenance needs that a newer home wouldn’t. A home inspection would clarify the condition.

4. Why is the year built ranked differently at the street and city levels?
On Logan Avenue and in Weston, many homes were built in the 1930s and 1940s, so 1946 is actually newer than average for the immediate area. Citywide, newer subdivisions push the average build year up to 1966, making this home older by comparison. It’s only “below average” in a broader context.

5. Would this property be a good investment?
That depends on your goals. If you’re looking for a property where the land holds more long-term value than the house, this fits. The assessed value is reasonable for the area, and the large lot is a scarce asset. But the small living area and older construction may limit resale appeal to a specific buyer pool. It’s not a safe bet for quick appreciation, but could work well for someone who plans to hold it and improve the property over time.