Key Characteristics & Buyer Profile

This is a 1928 bungalow with 744 square feet of living space—well below the citywide average of 1,342 square feet. The lot, however, is generous at 3,336 square feet, outperforming 80% of homes on the same street and 60% in the Minto area. The assessed value sits at $252,000, above average locally but still in the bottom fifth citywide.

The appeal here is land-to-footprint ratio. You get a sizable yard and a compact house, which suits someone who values outdoor space over interior square footage—or who wants room to expand. The house ranks in the bottom 6% citywide for living area, so this isn’t for buyers looking for open-plan living or extra bedrooms. It suits downsizers, first-time buyers with renovation ambitions, or investors who see the lot as the primary asset. The 1928 build means character details and solid construction are likely, but expect older systems and maintenance needs. It’s not a turnkey property, but it’s priced below city medians partly because of the size trade-off.

Frequently Asked Questions

1. How does the land value compare to the building value here?
The assessed value ($252k) is above average for the area, but the land area (3,336 sqft) is in the top 20% on the street. This often means the lot is driving the valuation more than the house itself. If you’re considering a tear-down or major addition, check whether the assessed value breakdown (land vs. improvements) is available from the city.

2. Why is the living area ranked so low citywide but the lot size not as low?
Winnipeg’s housing stock includes many larger post-war homes and newer builds with bigger footprints. A 744 sqft bungalow from 1928 is small by modern standards. Meanwhile, 3,336 sqft is a solid urban lot size—not huge, but enough to stand out against the many smaller infill lots in the city’s core.

3. What are typical renovation options for a house this size?
Adding a second storey or a rear extension is common if zoning allows. Bungalows of this era often have basements that could be finished for more living space. But check the foundation condition and ceiling height first—1920s basements can be shallow. A simpler path is reconfiguring the interior layout to use space more efficiently.

4. How does a 1928 build hold up in Winnipeg’s climate?
Older homes often have better lumber and brick than modern builds, but insulation, windows, and electrical systems are usually outdated. Budget for upgrading the envelope. Also, 1920s foundations in Winnipeg can be either poured concrete or fieldstone—if stone, expect some moisture issues unless waterproofing was done later.

5. Is this a good investment property, or better as a primary residence?
For a rental, the small footprint may limit tenant demand, but the large lot and central Minto location (close to downtown) could attract renters who want yard space. As a flip or hold, the land appreciation potential is better than the building’s. For a primary residence, it’s a trade-off: less cleaning and lower utilities, but less room for guests or a growing family.