328 Lock Street – Property Summary

Key Characteristics and Buyer Profile

This is a 1956-built home with 780 square feet of living space on a 3,655-square-foot lot, currently assessed at $215,000. The property sits on Lock Street in the Weston neighbourhood of Winnipeg.

Where the appeal lies: The standout feature here is the land. The lot is well above average for the street—ranking 6th out of 32 homes—and comfortably above the neighbourhood norm. For someone who values outdoor space, yard potential, or the option to expand, this is the main draw. The assessed value also punches above its street and neighbourhood averages, suggesting the property holds its own relative to immediate neighbours. That said, the living area is slightly below what’s typical for the street and significantly below the citywide average, which is common for older, established neighbourhoods where lots are more generous but homes are more modest in size.

What type of buyer it would suit: This home is a natural fit for someone who prioritises land over square footage. A buyer who wants a decent-sized yard in a mature Winnipeg neighbourhood without paying for a large house. It could also appeal to someone open to renovating or adding on, given the lot gives room to work with. First-time buyers or small households who don't need a lot of indoor space but want a private outdoor area would find this worth a look. It’s less suited for anyone expecting a turnkey, spacious home or a property that competes with newer suburban builds on size.

Possible FAQs

1. How does the assessed value compare to the average home in Winnipeg?
At $215,000, it’s below the citywide average of $390,100. That makes sense given the modest living area and older construction. The value is more competitive within the immediate street and neighbourhood, where it ranks in the top 28% and top 23% respectively.

2. Is the lot size unusually large for the area?
Yes, relative to the street. At 3,655 square feet, it’s about 24% larger than the Lock Street average of 2,941 square feet. Within the broader Weston neighbourhood, it’s still above average but less of an outlier—ranking in the top 35%.

3. How old is the property, and is that typical for the neighbourhood?
Built in 1956, which is essentially the median for Lock Street. But in the Weston neighbourhood overall, the average home is older (1937), so this is newer than about 85% of nearby homes. Citywide, it falls slightly older than average.

4. Is the living space small compared to other homes nearby?
Slightly. At 780 square feet, it’s a bit under the Lock Street average of 812 square feet and the Weston average of 936 square feet. Compared to the citywide average of 1,342 square feet, it’s well below, which is typical for older, more central neighbourhoods with smaller original floorplans.

5. Could this property be a good candidate for an addition or renovation?
Potentially. The land area gives more flexibility than many neighbouring properties. The house itself is from the mid-1950s, so structural updates may be needed, but the lot size offers room to expand footprint-wise. As always, zoning, setback rules, and servicing should be verified before planning any work.