184 Balmoral Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1904-built home with 2,567 square feet of living space on a 3,833-square-foot lot. Its standout feature is living area: it ranks in the top 20% on its street, top 14% in the West Broadway neighbourhood, and top 2% citywide in Winnipeg. For context, the average living area on Balmoral Street is 2,079 sqft, and the citywide average for comparable homes is just 1,342 sqft. The assessed value is $363,000—above average for the street (top 14%) and neighbourhood (top 18%), but right around the citywide average (top 49%). That gap between generous square footage and mid-range valuation is where the real appeal lies.

The property’s age (1904) puts it among older homes on the street (top 25%) and older still compared to the city overall (top 99%). The land area is roughly average for both street and neighbourhood, though smaller than typical citywide lots.

Who it suits: Buyers who want a genuinely spacious home in an established central neighbourhood without paying a premium for a larger lot. The living-area-to-value ratio suggests you’re getting more interior space per dollar than many newer or more centrally located properties. It would also appeal to someone who appreciates older construction—likely solid materials, character details—and understands that maintenance and updates may be part of the picture. It’s less suited to someone seeking a turnkey modern house or a large yard.

Five Possible FAQs

1. How does the assessed value compare to similar-sized homes nearby?
At $363,000, this home is assessed above the street and neighbourhood averages, but it matches the citywide median for comparable homes. That’s notable because it has significantly more living space than the typical citywide property. In effect, you’re getting above-average square footage for a roughly average citywide price.

2. What should I know about a house built in 1904?
Older homes often have good bones—thick walls, solid framing, and sometimes original finishes. But they may also need updated electrical, plumbing, insulation, or windows. A thorough inspection is wise. The fact that it ranks in the top 25% by age on this street suggests many neighbouring homes are similarly aged, so the area likely has experience managing older structures.

3. Why is the lot size smaller than the citywide average, and does that matter?
The 3,833 sqft lot is typical for Balmoral Street and West Broadway, but small compared to Winnipeg’s overall average of 6,570 sqft. That’s common for inner-city properties closer to downtown. If you value outdoor space, you’ll want to see what’s actually usable—some older lots have deep backyards despite modest frontage. But if you’re here for the interior size, the lot may not be a priority.

4. How does this property compare to others in West Broadway?
It ranks well above average for living area (top 14%) and above average for assessed value (top 18%). The year built is roughly average for the neighbourhood, and the lot size is slightly smaller than the neighbourhood norm. So it’s a home that stands out for its interior space rather than its land.

5. Is the ranking data reliable for making an offer?
The rankings are based on comparable homes within the same street, neighbourhood, and city—likely similar property types. They give a useful snapshot of how this house stacks up. That said, rankings don’t capture condition, renovations, or curb appeal. Use them as a starting point, not a final verdict.