291 Smart Street – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home in Winnipeg’s Weston neighbourhood, built in 1942. The living area is 691 square feet, and the land parcel is 2,588 square feet. Both are well below citywide averages, but the property sits in a dense, established part of the city where smaller homes and lots are the norm.

The assessed value is $170,000, which is close to the street and neighbourhood averages—meaning this home is priced in line with its immediate surroundings, not overvalued relative to what’s nearby. It’s ranked around the middle of its street and neighbourhood for value, year built, and land size, which suggests stability rather than outlier performance.

The appeal here is affordability and location within an older, built-out area. The home is not spacious by modern standards, and the lot is modest, but it’s a functional entry point into a neighbourhood where comparable properties hold value consistently. This suits buyers who are looking for a lower-cost home in a central city area, possibly as a starter home, a downsizing option, or a renovation project. It would be less suitable for someone wanting large living spaces or a big yard.

Frequently Asked Questions

1. How does this home compare to others on the same street?
It’s fairly typical for Smart Street. The living area is slightly below the street average of 954 sqft, but the assessed value, year built, and land area all sit near the middle of the pack. It’s not an outlier—just a smaller example of what’s common on this block.

2. Is the assessed value of $170,000 reasonable for the area?
Yes. The neighbourhood average is $184,700, and the street average is $179,300. This property falls a bit below both, which reflects its smaller living area and lot size. It’s not undervalued—it’s consistent with what similar homes in the area are worth.

3. Why is the living area rank so low citywide but not on the street?
Citywide, the average living area for comparable homes is 1,342 sqft, so 691 sqft ranks near the bottom (top 97%). On Smart Street, however, homes average 954 sqft, so this unit is closer to the local norm. Simply put: it’s small for the city, but not unusual for its immediate neighbourhood.

4. What are the pros and cons of a 1942-built home in this area?
The main pros: older construction in Weston often means solid materials, mature tree cover, and closer proximity to downtown and amenities than newer subdivisions. The cons: smaller rooms, less efficient insulation, and likely need for updates to electrical, plumbing, or windows. A home inspection is recommended to assess current condition.

5. How does the lot size affect usability?
At 2,588 sqft, the lot is about 25 feet wide by 100 feet deep on a typical block. That’s enough for a small house, a driveway or parking pad, and a modest backyard—but not for extensive gardening, a large garage, or expansion. It suits low-maintenance outdoor use or a compact urban lifestyle.