Key Characteristics & Buyer Profile

This is a 648 sqft home on a 2,502 sqft lot, built in 1957. Its standout feature is its assessed value: at $203,000, it ranks in the top third on its street and top 29% in the Weston neighbourhood, meaning it’s priced competitively relative to its immediate surroundings. The property’s appeal lies in being an affordable entry point into an established area, rather than offering generous space. The living area is significantly smaller than both the street and city averages (994 sqft and 1,342 sqft respectively), and the lot is also on the smaller side for the neighborhood.

The appeal is practical, not aspirational. This house suits a buyer who prioritizes location and lower purchase price over square footage. It’s a good fit for a first-time buyer looking to get onto the property ladder without overextending, or for an investor seeking a property in a neighbourhood with older, smaller homes that might benefit from a renovation. It may also appeal to someone downsizing who values the relatively newer build (1957 vs. the neighbourhood average of 1937) and lower maintenance.

Frequently Asked Questions

1. How does the assessed value compare to the actual market price?
The assessed value ($203,000) is a baseline for property taxes, not a market price. The home is valued below the citywide average ($390,000) but sits above the average for both its street ($187,000) and neighbourhood ($185,000). This suggests it's priced attractively for the area, which could indicate a competitive listing or a home that needs some work.

2. The living area is small—648 sqft. Is that typical for this street?
No. The average on Gallagher Avenue is 994 sqft, and in Weston it's 936 sqft. This home is in the bottom 10% for size on the street and bottom 12% in the neighbourhood. It’s genuinely a compact layout, so buyers should plan for space-efficient living or consider an extension if the property allows.

3. What’s the catch with a smaller lot in this neighbourhood?
At 2,502 sqft, the lot is smaller than the Weston average (3,269 sqft) and much smaller than the city average (6,570 sqft). The trade-off is usually a lower purchase price and less yard maintenance, but it also limits future expansion or resale appeal to buyers who want a larger outdoor space. Check local zoning for any addition possibilities.

4. Is this considered an older home for Winnipeg?
It’s newer than the local stock. The house was built in 1957, while many homes on the street date to 1942 and in the neighbourhood to 1937. Citywide, the average build year is 1966, so this home is slightly older than the Winnipeg norm but newer than its immediate surroundings—meaning it may have fewer major structural updates required than its neighbours.

5. What kind of neighbourhood is Weston?
Weston is a centrally located, established Winnipeg neighbourhood with a mix of older single-family homes and some infill development. The housing stock is older on average (1937), and the area tends to attract budget-conscious buyers. It’s not a high-growth or luxury area, but it offers proximity to downtown and the Assiniboine River, with a quieter, modest character.