221 Electa Street – Property Summary

Key Characteristics & Buyer Profile

This single-family home on a quiet street in Weston offers 676 sq. ft. of living space on a 4,863 sq. ft. lot, built in 1958. Its assessed value is $224,000.

Its strongest asset is the lot. The property ranks in the top 10% of Weston neighbourhood for land size—well above the local average of 3,269 sq. ft. This gives a buyer more outdoor space than most nearby homes, and options for future expansion or a large garden. The home itself is older (1958), but within the neighbourhood it’s newer than average, and its assessed value is above the neighbourhood median of $184,700. That higher value relative to its small floor plan suggests the land is driving the price.

The living area is small by citywide standards—ranking in the bottom 3% across Winnipeg—so square footage is the main trade-off. Buyers here are effectively paying for the lot and location, not internal space. It would suit someone who prioritises outdoor space over interior size, or a buyer open to renovating or adding on. It’s less suited to someone needing a move-in-ready home with generous rooms.

Five Possible FAQs

1. Why is the assessed value above the neighbourhood average when the house is small?
The value is driven by the lot size. Weston lots average around 3,269 sq. ft., but this one is nearly 50% larger. Land tends to hold value better than structures, so a small house on a big lot can still appraise higher than a bigger house on a small lot.

2. How does the living space compare to other homes on this street?
This is the only home currently ranked on Electa Street, so comparisons are limited. Within the Weston area, the home is below average for living space—it ranks near the bottom quarter for the neighbourhood. The citywide average for comparable homes is about double this size.

3. Is the house ready to move into, or does it need work?
The summary doesn’t include condition details, only age and lot data. Built in 1958, a home this age typically needs updated systems (roof, furnace, windows) unless the current owner has already done so. A home inspection is recommended before any offer.

4. What kind of renovations or additions could this lot support?
With 4,863 sq. ft., there’s room for a significant addition, a detached garage, or a large deck and garden. Zoning rules in Weston would need to be checked, but the lot is sized well for expansion compared to many neighbours with smaller lots.

5. How does this property compare to other homes in Weston overall?
It’s a mixed profile: the lot is in the top 10%, the assessed value is above average, the build year is newer than most, but the living area is below average. It’s not a typical Weston home—it trades interior space for outdoor land. That makes it a bit of a standout in the area.