Property Summary: 309 Smart Street, Winnipeg

1. Key Characteristics & Buyer Profile

This 1924 home offers 816 square feet of living space on a notably large 5,177 square foot lot. While the house itself is compact relative to citywide averages, the land is a standout feature. On its street, it ranks in the top 22% for lot size, and within the Weston neighborhood, it sits in the top 6%. This suggests the property’s primary value lies in the outdoor space, not the interior square footage.

The assessed value is $155,000, which is below the street and neighborhood averages, and significantly lower than the citywide median. This pricing reflects the home’s smaller footprint and older construction relative to newer builds elsewhere. The appeal here is not a turnkey, spacious interior, but rather a more affordable entry point into a stable, older neighborhood, with a yard that is unusually generous for its context.

This property would suit a buyer who is comfortable with a smaller, older home and prioritizes outdoor space—perhaps for gardening, storage, or future expansion. It may also appeal to an investor or first-time buyer attracted by the lower price point and the potential of the land itself, rather than expecting a modern or large living area.

2. Frequently Asked Questions

Is the living space unusually small?
Yes, relative to the city as a whole. At 816 sqft, it ranks in the bottom 10% citywide. However, it is only slightly below the average for both Smart Street (954 sqft) and the Weston neighborhood (936 sqft), meaning it is in line with what is typical in its immediate area.

What is the advantage of the land size?
The lot is roughly 50% larger than the average on the street and over 60% larger than the neighborhood average. This provides significantly more private outdoor space than most nearby properties. Citywide, it falls near the middle, but for this specific pocket of Weston, it is a clear standout.

How does the assessed value compare to the neighborhood?
The assessed value of $155,000 is below the street average ($179k) and neighborhood average ($185k), and well below the citywide average ($390k). This positions it as one of the more affordable options in the area, likely driven by the smaller house and its age.

Is the house in good condition for being built in 1924?
The data only provides the year built, not condition. Buyers should factor in that a home this age will likely require ongoing maintenance and potential updates to systems like wiring, plumbing, and insulation. A thorough inspection is recommended to assess structural and mechanical soundness.

Who would this property not work for?
It would likely not suit buyers seeking a large, modern open floor plan or a move-in-ready home with contemporary finishes. Those wanting a home that is already comparable to newer suburban standards in size and efficiency may find it too small or dated. It is better suited to someone who values land, location, or price over interior luxury.