Key Characteristics & Buyer Profile

This is a 1907 home with a generous 2,496 sq ft of living space, placing it in the top 11% on its street and the top 3% citywide in Winnipeg. Its land area is notably smaller than average for the area, at 2,885 sq ft. The assessed value sits at $350,000, which is above the street and neighborhood average but below the citywide median.

The property’s main appeal is its interior space. Buyers looking for a large floor plan in a central, established neighborhood will find this stands out against newer or smaller homes nearby. The older construction year (1907) with a lower-than-average land size suggests this is likely a house that maximizes its footprint on a compact lot. This suits buyers who prioritize room count and layout over yard space or a modern build. It would likely fit someone who values character and square footage, and is comfortable with the realities of an older home, including possible maintenance needs tied to its age. It is less suited for anyone seeking a large private lot, a newer structure, or a lower price point relative to the city average.

Frequently Asked Questions

1. How does the square footage compare to similar homes in the area?
The 2,496 sq ft interior is significantly above average. It’s roughly 30% larger than the typical home on Spence Street and close to 25% larger than the neighborhood average in West Broadway. Citywide, it ranks in the top 3% for living area.

2. Is a 1907 home likely to have certain issues?
Homes from this period often have solid construction but can include older wiring, plumbing, or foundation work. Since the assessed value is moderate for the city, the price may reflect that some updates are needed or that the home has not been fully modernized recently. A thorough inspection is advisable.

3. Why is the land value relatively low compared to the house size?
The lot is smaller than average for both the street and the neighborhood. A narrow or shallow lot limits outdoor space, which keeps the land component of the total value lower. The house itself takes up a large portion of the property, leaving little yard.

4. How does the assessed value of $350k compare to the actual market price?
The assessment is above the street and neighborhood averages, but below the city median. This suggests the home is priced at a premium locally, potentially due to its size. For the city overall, $350k is slightly below average, which may mean comparable square footage is harder to find at this price point elsewhere.

5. Who typically buys homes in West Broadway with this profile?
This area tends to attract buyers looking for older, central Winnipeg neighborhoods with character and walkability. A home this large but on a smaller lot often appeals to buyers who prioritize interior living space—such as families needing multiple bedrooms or home office space—over a large garden or backyard.