48 Hindley Avenue — Property Summary

Key Characteristics & Buyer Profile

This is a 1,200-square-foot home built in 2000, set on a 3,017-square-foot lot in Winnipeg’s Worthington area. Its standout feature is age: the house is significantly newer than most properties on the street (top 7%), in the neighbourhood (top 6%), and across the city (top 18%). The assessed value of $322,000 sits around average locally but below the citywide median of $390,100, reflecting a modest price point relative to newer construction citywide.

Living area is slightly below typical for the street and neighbourhood, and the lot is notably small—ranking in the bottom 10–15% across all three comparison levels. That means less outdoor space than what’s common in Worthington, where lots average over 7,800 square feet.

Where the appeal lies: Buyers who prioritize a newer home with modern building standards—especially insulation, wiring, and layout—over a large yard or extra square footage. The home’s age also suggests lower immediate maintenance risk compared to older stock in the area.

Who it suits: First-time buyers or downsizers who want a move-in-ready property without the premium price tag of newly built homes. Also practical for someone who values low-maintenance outdoor space and doesn’t need a big lot for gardening, recreation, or expansion.

Five FAQs

1. How does the small lot affect resale value?
In Worthington, where larger lots are the norm, a below-average land area can limit appreciation potential compared to neighbouring properties. However, the newer construction and lower maintenance may offset that for buyers who prioritize the house itself over the yard. Resale will likely attract a similar profile—someone who values modern finishes over land.

2. Is the assessed value likely to increase?
It’s already in line with street and neighbourhood averages, despite being much newer. That suggests the market currently prices the home based on its smaller size and lot, not its age advantage. Significant value growth would depend on broader market trends or improvements that increase living area, which is constrained by the lot size.

3. What maintenance considerations come with a home built in 2000?
The home is old enough that major systems (roof, HVAC, windows) may be approaching 20–25 years, depending on their original quality and upkeep. A pre-purchase inspection should focus on these timelines. That said, compared to a 1960s or 1970s home, you’re less likely to face knob-and-tube wiring, lead pipes, or asbestos.

4. How does this property compare to newer infill builds in Winnipeg?
Many infill homes in older neighbourhoods are built on similar small lots, but they’re often priced higher per square foot. This home offers a similar lot size to infill without the premium, though the interior finishes and layout likely reflect early-2000s rather than current trends. That can be a trade-off worth making for a lower entry price.

5. Would this home suit someone planning to renovate or expand?
Unlikely. The 3,017-square-foot lot is small by any standard, leaving limited room for additions or major reconfiguring without exceeding setback limits or sacrificing outdoor space. Renovations would more realistically focus on interior updates—kitchen, bathrooms, finishes—rather than expansion.