Key Characteristics & Appeal

This is a 1,530 sqft home on a 3,024 sqft lot, built in 1919 on Langside Street in Winnipeg’s West Broadway area. Its assessed value is $166,000.

The property’s main draw is its relative affordability within the city. The assessment is well below the street average ($225k), neighborhood average ($295k), and citywide average ($390k)—ranking in the bottom 72% on the street alone. For someone focused on entry-level pricing or lower carrying costs, this stands out.

However, the lot and living area tell a mixed story. The lot size is roughly average for the street (ranking in the top 33%), which is an advantage compared to many newer infills, but it’s noticeably smaller than the neighborhood and city averages. The home itself is older (1919), meaning it likely needs ongoing maintenance or updates that a newer build wouldn’t. The living area is slightly below the immediate street average but larger than the citywide average.

This property would suit:

• A buyer prioritizing affordability and willing to take on an older home in a central neighborhood.
• Someone looking for a manageable lot size—not too large to maintain, but not a postage stamp.
• An investor or first-time buyer comfortable with a property that sits below local value benchmarks, possibly seeing room for long-term appreciation if the area improves.

It would be less suitable for someone seeking a move-in-ready, low-upkeep home, or for buyers who need a large yard or a property that competes on square footage with newer suburbs.

Five Possible FAQs

1. Why is the assessed value so low compared to the street and city averages?
The assessment of $166k puts this home near the bottom relative to Langside Street and the city overall. This likely reflects a combination of age (1919), condition, interior finishes, or possibly smaller living space compared to neighbors. It’s not necessarily a red flag—it means the price of entry is lower, but you should verify if recent comparable sales support that gap.

2. Is a 1919 home risky to buy?
It depends on maintenance history. Older homes can have solid construction but may need updated electrical, plumbing, insulation, or foundation work. The 1919 build date is older than the neighborhood average (1910) but close to the street average (1919)—so the whole area leans vintage. A thorough inspection is more important here than on a newer property.

3. How does the lot size compare to what’s typical in West Broadway?
At 3,024 sqft, it’s slightly larger than the street average (2,655 sqft) but smaller than the neighborhood average (3,954 sqft) and much smaller than the citywide average (6,570 sqft). It’s a comfortable urban lot—enough for a garden or small yard, but not huge. If you’re used to suburban lots, it will feel compact.

4. What does “ranked #176 out of 245 on this street” actually mean for me?
It means that, based on assessed value, this home is in the bottom 72% of comparable homes on Langside Street. In practical terms, it’s likely one of the more affordable options on the block. The ranking doesn’t measure condition or charm—just value. If you’re looking for a low entry cost, this ranking confirms it.

5. Should I be concerned that it ranks below average in both value and lot size citywide?
Not necessarily—it depends on your priorities. Citywide rankings include newer suburbs with large lots and high assessments. This property is in an older, central neighborhood where smaller lots and lower values are normal. The key is whether it fits your budget and lifestyle. If you’re comparing it to a new house in the suburbs, you’ll see a mismatch. If you want to live centrally for less, it makes sense.