Property Overview: 106 Edward Avenue W, Winnipeg

Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot. At 6,398 sqft, the property offers an elite-sized yard for its street (ranking in the top 1%) and an above-average parcel for the wider Radisson area. This is a significant asset for anyone prioritizing outdoor space, gardening, or future expansion potential.

The house itself is more modest in scale, with 921 sqft of living space, which is below the average for the street, neighborhood, and city. Built in 1946, it is also one of the older homes in the immediate area. The assessed value of $299k reflects this balance, sitting below local averages but potentially offering a more accessible entry point into the market.

Its primary appeal lies in the opportunity to own a substantial piece of land in a mature neighborhood. It would suit a practical buyer—perhaps a first-time homeowner, downsizer, or investor—who values utility over immediate luxury. This buyer is likely comfortable with a home that may require updates over time and sees the large lot as a long-term asset, whether for personal enjoyment, adding a suite, or simply for the rarity of such space in an urban setting.

Frequently Asked Questions

1. Is the below-average living area a major drawback?
Not necessarily. While the interior space is compact, it efficiently meets the needs of a smaller household. The trade-off is the exceptional outdoor space, which effectively extends your usable area for much of the year.

2. How does the 1946 build year affect the property?
It indicates that major systems (roof, wiring, plumbing) may be due for inspection or updates. However, homes of this era often feature solid construction and simpler, more adaptable layouts compared to some newer builds.

3. The assessed value is below neighborhood averages. Is that good or bad?
It can be both. It suggests the property may be priced more accessibly, but it also reflects the combined impact of the smaller, older home on the lot. The value is fundamentally tied to the land.

4. What is the realistic potential for this lot?
The large lot size is its defining feature. While subject to city zoning, it offers clear potential for landscaping, adding a detached garage or workshop, creating extensive garden beds, or future expansion of the home itself.

5. How does this property fit into the local market?
It serves a specific niche. It won’t compete with larger, fully renovated homes, but it stands out for buyers seeking land above all else. Its value proposition is unique on a street where most lots are significantly smaller.