155 Maryland Street – Property Summary

Key Characteristics & Buyer Profile

This is a character-rich home built in 1906, located in Winnipeg’s West Broadway area. It offers 2,628 square feet of living space on a 4,964-square-foot lot. The property ranks exceptionally high on its street for both living area (top 4%) and assessed value (top 3%). At the neighborhood level, it sits in the top 12% for size and top 5% for value. Citywide, the living area ranks in the top 2%, though the lot size is closer to average.

The appeal here isn’t just square footage or valuation—it’s about relative positioning. On Maryland Street, nearby homes average 1,620 square feet, so this property is substantially larger than its immediate neighbors. That can matter for resale or for those who want interior space without moving to a newer, more uniform development. The assessed value is more than double the street average ($494K vs. $213.6K), which suggests a home that has been well-maintained or updated relative to its peers.

This property would suit buyers who value interior space over land area, and who appreciate older construction and established neighborhoods. It’s a good fit for someone who wants a large home in a central location without paying a premium for a huge yard. The below-average year built citywide (top 98% oldest) means maintenance history and any upgrades will be important considerations—this is not a move-in-ready home for someone unfamiliar with pre-war houses. It’s likely best for buyers who are comfortable with older homes or who have the budget for renovations or systems updates.

Frequently Asked Questions

1. How does the lot size compare to other properties in the city?
The lot is 4,964 square feet, which is above average for Maryland Street (top 3%) and slightly above the neighborhood average of 3,954 square feet. However, citywide, it sits in the 57th percentile—essentially middle-of-the-pack. You’re getting a reasonably sized lot for the area, but not a sprawling yard by Winnipeg standards.

2. Is the assessed value likely accurate for a home of this age and size?
Assessed value ($494K) is significantly higher than both the street and neighborhood averages, which could reflect recent renovations or strong demand in this pocket of West Broadway. Keep in mind that assessments are based on market data and comparable sales, but they can lag behind or overshoot actual market conditions. A home inspection and recent sale comparisons in the immediate area will give a clearer picture.

3. What should I know about a home built in 1906?
Homes from this era often have solid framing, high ceilings, and unique architectural details, but they may also have outdated electrical, plumbing, or insulation. The property’s year-built rank (top 98% oldest citywide) means it’s older than the vast majority of Winnipeg homes. Expect potential issues like knob-and-tube wiring, lead pipes, or asbestos in older finishes. A thorough inspection by someone experienced with pre-war homes is essential.

4. How does this property compare to newer homes in the same price range?
For the assessed value, you could likely find a newer home in a suburban area with more modern systems and a larger lot. The trade-off is location, character, and interior square footage. This home offers nearly 2,630 square feet, which is generous for central Winnipeg. If you prioritize walkability, mature trees, and older architecture over a new build, this property makes sense.

5. What are the potential downsides of buying a top-ranked home on this street?
Homes that rank very high for assessed value and size in a more modest area can sometimes be harder to resell, because you’ve priced yourself above the local baseline. Buyers looking in this neighborhood may not be shopping at this budget. Additionally, older homes in central areas may have higher insurance costs, and renovation work can be more expensive due to age-related surprises. Make sure the premium you’re paying is supported by the home’s condition, not just its size relative to neighbors.