2224 Gallagher Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 732 sqft home built in 1909 on a 2,503 sqft lot, located in Winnipeg’s Weston neighbourhood. Its assessed value is $110,000.

The property sits below average in every measurable category—living area, lot size, year built, and assessed value—when compared to its street, neighbourhood, and the city as a whole. That is not necessarily a drawback. It means this is one of the more affordable and compact properties in an area where most homes are larger and newer. The appeal lies in its entry-level price point and the potential it offers for a buyer willing to invest in updates or willing to live with a smaller footprint in an established neighbourhood.

A less obvious angle: the lot size, while below average for the street, is still a standalone city lot. In a market where many older homes sit on narrow or irregular parcels, a 2,503 sqft lot provides room for modest expansion, a garage, or a functional yard without the premium attached to larger properties.

This home would suit first-time buyers looking to get into a specific area without competing at the higher end of the market, or investors seeking a lower-cost asset in a neighbourhood with older housing stock that may see gradual appreciation. It would not suit someone looking for a move-in-ready, turnkey home with modern finishes or generous space.

Frequently Asked Questions

1. Why is the assessed value so low compared to the city average?
The assessed value reflects the home’s smaller size, older construction, and likely outdated interior conditions. The citywide average for comparable homes is $390,100, which includes much larger, newer, and more updated properties. This home’s value is consistent with its ranking in the bottom 1% citywide for assessed value, meaning it is priced accordingly for its age and condition.

2. Is the neighbourhood considered desirable?
Weston is an older, established area in Winnipeg, largely developed in the early to mid-20th century. It is not a high-growth or premium market. It offers proximity to amenities and transit, but it is not generally sought after for its resale value or school catchment prestige. Buyers should expect a more utilitarian, older housing environment.

3. What kind of renovation potential does this property have?
With a 1909 build, the home may have outdated electrical, plumbing, and insulation. The structure itself could be sound or may require significant work. The lot size allows for possible additions, but zoning and setback rules would apply. Renovation costs could easily exceed the purchase price, so a buyer should budget carefully and inspect thoroughly. This is more suited to a cosmetic refresh than a full structural overhaul unless the buyer has deep pockets.

4. How does this property compare to others on its own street?
On Gallagher Avenue, this home ranks in the bottom 20–25% for both living area and lot size, and around the bottom 8% for assessed value. Most homes on the street are larger, newer, and worth more. That means this property may stand out as the most affordable option on the block, but it also means it may not appreciate in line with its neighbours without significant investment.

5. What should a buyer look out for specifically with a 1909 home?
Foundations from that era are often fieldstone or brick, which can be prone to moisture and settling. Lead paint, knob-and-tube wiring, and asbestos in insulation or flooring are common. Windows and roofing are likely original or much older. A home inspection with a specialist in early 20th-century construction is recommended. Also, check if the home has ever been updated for energy efficiency—this could affect heating costs significantly in Winnipeg winters.