1613 Elgin Avenue W – Property Summary

Key Characteristics & Buyer Fit

This is a 1925-built home with 985 square feet of living space on a 2,600-square-foot lot, currently assessed at $203,000. What stands out here is the imbalance between the property’s condition relative to its surroundings and its value relative to the wider market.

On its own street and within the Weston neighbourhood, the home ranks competitively for assessed value—top 34% on the street and top 29% in the area—which suggests it holds its own among nearby properties. The living area, however, is slightly below the street average but above the Weston average, meaning it’s a modestly sized home in a neighbourhood where smaller homes are more common. The lot is smaller than many others on the street, which may limit expansion potential but also keeps maintenance light.

The larger story is citywide. Both the assessed value and the living area fall well below Winnipeg’s averages, while the 1925 build date puts it among older homes in the city. This is the kind of property that tends to appeal to buyers who value an established, older neighbourhood over newer suburban developments—people who don’t mind a smaller footprint and prefer a lower entry price point. It could suit first-time buyers looking for affordability in a central area, or investors targeting the lower end of the Weston market. The relatively strong assessed value within the neighbourhood hints at decent upkeep or desirable street-level features not captured by square footage alone.

Five Frequently Asked Questions

1. How does the assessed value compare to the actual market price?
The city assessed value of $203,000 is a benchmark, not a guarantee of sale price. On this street, the home ranks in the top third for assessed value, which may indicate it is seen as slightly above average for the area. However, the final market price will depend on condition, buyer demand at time of sale, and recent comparable sales.

2. Is the small lot a disadvantage for resale?
It could be for some buyers. At 2,600 square feet, it ranks in the bottom quarter on the street and the bottom 10% citywide. That said, smaller lots are common in older, closer-in neighbourhoods like Weston, and they often appeal to buyers who want a lower-maintenance yard. The trade-off is less room for additions or large landscaping projects.

3. How does the age of the home affect insurance and upkeep?
Being built in 1925, the home is older than about 85% of properties citywide. Older homes can mean higher insurance premiums, and systems like electrical, plumbing, and the roof may need more frequent attention. Buyers should budget for a thorough inspection and possible upgrades, though many older homes in Weston have already been partially updated.

4. What is the neighbourhood like in terms of comparable properties?
Weston’s average home is 936 square feet on a 3,269-square-foot lot, with an assessed value around $184,700 and a typical build year of 1937. This property is slightly larger than the neighbourhood average and has a higher assessed value, but with a smaller lot and a somewhat older build date. It fits the character of the area without being an outlier.

5. Why is the citywide ranking so low when the street ranking is fairly good?
This property performs well relative to others on the same street and in Weston, but Winnipeg as a whole includes newer, larger homes with higher valuations, especially in suburban areas. The lower citywide ranking simply reflects that comparison pool—it does not indicate a problem with the property itself. For someone focused on the immediate neighbourhood, the local rankings are more relevant.