184 Hindley Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1956-built home with 960 square feet of living space and an assessed value of $331,000. The standout feature is the land: at 13,077 square feet, it ranks in the top 5% on the street, top 4% in the Worthington neighbourhood, and top 3% city-wide in Winnipeg. The living area is slightly below the city average but sits around the median for its street and neighbourhood. The home’s value is above average locally—ranking in the top 35–39% for its area—but below the citywide average, which is pulled up by newer, larger homes in more expensive districts.

The main appeal here is the lot. For buyers who value outdoor space, gardening, room for additions, or simply privacy and a buffer from neighbours, this property offers a rare opportunity. The structure itself is modest and likely requires updating, but the land represents flexibility that most comparable homes in the city lack. It suits someone willing to invest in a renovation or who prioritises yard space over square footage. It may also appeal to investors or developers looking at lot value, though that depends on zoning and local regulations. It is less suited to someone seeking a move-in-ready, low-maintenance property.

Frequently Asked Questions

1. How does the living area compare to other homes in Winnipeg?
The 960 sqft is below the citywide average of 1,342 sqft for comparable homes, placing it in the bottom 22% at the city level. However, it is typical for the immediate street and neighbourhood, where the averages are 1,046 and 1,082 sqft respectively.

2. What does the “elite” ranking for land area mean in practice?
It means the lot is significantly larger than most others in the city. Only about 3% of comparable homes in Winnipeg have a larger land area. On Hindley Avenue and in Worthington, it ranks in the top 5% and top 4% respectively. This translates to roughly 3,700 more square feet than the average lot on the same street.

3. Why is the assessed value above the neighbourhood average but below the city average?
The assessed value of $331,000 is about $16,000 higher than the Worthington average, partly due to the large lot. But citywide, the average assessed value is $390,000, reflecting higher-priced areas with larger homes and newer construction. The property’s smaller living area and older build keep its value below that broader benchmark.

4. Is this considered a fixer-upper, or is it in reasonable condition?
The data only covers age, size, and value—not condition. The year built (1956) suggests the home is over 65 years old. Systems, finishes, and structural elements may need attention. A thorough inspection is recommended. The modest assessed value relative to the lot size often indicates the home itself may not have been significantly updated.

5. How would this property compare to others nearby in terms of resale potential?
The large lot gives it a distinct advantage over most homes in Worthington, where the average land area is 7,831 sqft. Resale value will likely be driven more by the land than the house. Homes with similar lot rankings in Winnipeg tend to hold value well and can appreciate faster than the surrounding area average, particularly if zoning allows for subdivision or redevelopment. However, the living area and age will limit resale unless improvements are made.