403 St George Road – Property Summary

Key Characteristics & Buyer Profile

This 1975-built home offers 1,176 square feet of living space on a notably large 10,027-square-foot lot. The lot size is the standout feature here: it ranks 4th among 60 homes on St George Road (top 7%), and 6th city-wide across all of Winnipeg. The assessed value of $408,000 sits above both the street and neighbourhood averages, reflecting the premium attached to the land. The living area itself is close to typical for the street and city, though slightly more generous than the average home in Worthington. The house is not brand new, but it isn’t among the oldest on the street either—built in 1975, it falls near the middle of the pack neighbourhood-wide.

The appeal lies in the combination of a well-sized interior and an unusually spacious property. For buyers who value outdoor space, room for expansion, or simply more privacy than a standard city lot provides, this is a rare find at this price point within the area. It would suit someone looking for a solid, liveable home with room to grow—whether that means gardening, adding a garage, or building an addition down the road. It may be less attractive to buyers who prioritize a turn-key, fully updated interior or a more central, walkable location.

Frequently Asked Questions

1. Why is the assessed value higher than the neighbourhood average, but close to the city average?

The assessed value reflects the land more than the house. The lot is much larger than typical for Worthington, which pushes the value above local norms. City-wide, however, higher-value properties in pricier districts pull the average up, so this home lands near the middle.

2. Does the large lot mean the house is outdated or needs work?

Not necessarily. The data only covers square footage, lot size, year built, and assessed value. There is no information here about the condition of the interior, recent renovations, or mechanical systems. A viewing would be needed to assess that.

3. How does the living space compare to other homes in the area?

It is slightly above average for Worthington (where the typical home is around 1,082 sqft), but right around average for St George Road. City-wide, it is below the average of 1,342 sqft, which is not unusual for an older neighbourhood with a mix of house sizes.

4. Is this a good investment property?

That depends on the strategy. The land value is strong and has historically held up well in Winnipeg. The building itself is 50 years old, which may mean higher maintenance costs. It could suit a buy-and-hold approach where the land appreciates over time, but less so for someone seeking immediate cash flow from a low-maintenance rental.

5. What does the “rank within street” actually mean for resale?

Ranking high on the street (e.g., 4th for lot size) can help with resale if a buyer is specifically looking for space. But it also means the property stands out—which can be an advantage if marketed well, or a challenge if the house itself doesn’t match the land’s potential. Street rankings are a useful reference, but neighbourhood trends and the condition of the home will matter more in practice.