300 Blake Street – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home in Winnipeg’s Weston neighbourhood—720 sq. ft. of living space on a notably large lot of 3,287 sq. ft. The house was built in 1954, placing it older than most citywide properties (top 67%) but newer than much of its immediate neighbourhood, where the median build year is 1937. Its assessed value of $206,000 sits slightly above the street and neighbourhood averages, but well below the citywide median of $390,100.

The appeal here is subtle. The living area ranks in the bottom 25% citywide, and the house is small by almost any standard. But the land tells a different story: on Blake Street, this lot is the largest of nine comparable homes (top 11%), and the house occupies a site well above the neighbourhood average. For a buyer, the property offers something increasingly rare—a modest footprint on generous ground, in an area where many homes are even older. That land, not the house, is likely the long-term value.

This property would suit a buyer who values outdoor space more than interior square footage, and who is comfortable with an older home that may need updating. It could work as a starter home for someone planning to renovate or expand, or as a small-footprint option for someone downsizing but not ready for a condo. Investors might also see potential in the lot-to-living-area ratio, particularly if zoning permits future development—though that would need to be verified. It’s not a turnkey move-in for anyone expecting modern finishes or generous rooms.

Frequently Asked Questions

1. How does the living space compare to other homes in the area?
It’s well below average. At 720 sq. ft., it ranks near the bottom on Blake Street (7th of 9 homes) and in the lower quarter of the broader Weston neighbourhood. Citywide, it falls in the bottom 5% of comparable properties. This is a genuinely small house, not just by city standards but even by local ones.

2. Is the assessed value a good indicator of market price?
Assessed value and market price are related but not the same. The $206,000 assessment is around average for Blake Street and above the neighbourhood average, which suggests the market may already be pricing in the large lot or other factors. But citywide, the assessment is well below typical values, so the final sale price will depend heavily on what buyers are willing to pay for the land and location, not just the house.

3. Why is the land area considered a strong point if the lot isn’t huge citywide?
It’s about context. On Blake Street, this is the largest lot among comparable homes. In the neighbourhood, it’s close to average. But citywide, most residential lots are nearly double this size (6,570 sq. ft. median). So the land is a relative advantage locally, not an absolute one. It’s a big yard for this street, not a sprawling property in the broader city.

4. How old is the house, and what does that typically mean for maintenance?
Built in 1954, the house is older than most citywide (top 67%) but newer than most homes in Weston, where the average build date is 1937. That means it likely has older electrical, plumbing, and insulation systems common to mid-century construction. Buyers should budget for possible updates to wiring, windows, or heating. The age ranks it as relatively modern for the neighbourhood, which could mean slightly fewer immediate surprises than a 1920s home.

5. Is the neighbourhood a good investment area?
The data shows assessed values in Weston are modest—below citywide averages—but the property itself ranks in the top 28% of the neighbourhood by value, suggesting it holds up well locally. The large lot on a street with otherwise smaller parcels could make it a candidate for future value growth if demand for space increases. That said, investment potential depends heavily on broader market trends, rezoning possibilities, and the condition of the house itself—none of which the metrics alone can confirm.