205 Maryland Street – Property Summary

Key Characteristics & Buyer Profile

This 1,922 sqft home on Maryland Street in Winnipeg’s West Broadway area stands out most for its generous interior space. City-wide, it ranks in the top 13% for living area—well above the average of 1,342 sqft. On its own street, it’s also above average, though the neighbourhood average is slightly higher at 2,017 sqft, meaning the house is solid but not the biggest on the block.

The assessed value of $300,000 tells an interesting story. On Maryland Street, that’s well above the average of $213,600 (top 12%), but it slips to middle-of-the-pack in West Broadway and falls below the city-wide average of $390,100. In short, the home is priced high for its immediate street but offers relative value compared to the broader Winnipeg market.

Built in 1904, the property is old even by local standards—older than most homes on the street and in the neighbourhood, and far older than the city-wide average of 1966. This will matter to buyers who appreciate character and craftsmanship but should also factor in maintenance and potential upgrades.

The lot is 4,108 sqft, which is generous for the street (top 13%) but below average for the city as a whole—typical of older, denser neighbourhoods.

Who it suits: Buyers who want above-average indoor space in a central, established neighbourhood, and who are comfortable with an older home that may need ongoing attention. It’s less suited to someone seeking a turnkey, low-maintenance property or a large yard by suburban standards. The assessed value suggests it’s priced competitively for its size, making it a strong option for those prioritizing square footage over a brand-new build.

Frequently Asked Questions

1. How does the living area compare to similar homes nearby?
The home is about 300 sqft larger than the average on Maryland Street and roughly 100 sqft smaller than the West Broadway average. City-wide, it’s significantly larger than most comparable homes—nearly 600 sqft above the median. So it’s a spacious home for its price point, especially if you’re coming from an area where 1,900 sqft is considered large.

2. Is the assessed value a reliable indicator of market price?
Assessed value is a useful benchmark but not a precise asking price. On Maryland Street, this home is assessed well above the street average, which could mean it’s been updated or is larger than its neighbours. However, city-wide it’s assessed below average, which may reflect the older age or more modest neighbourhood compared to newer suburban areas. A local realtor can give a more current market estimate.

3. What should I know about a home built in 1904?
Older homes often have solid construction, high ceilings, and character details that are hard to find in newer builds. But they also come with potential issues: outdated electrical, plumbing, and insulation are common. It’s worth budgeting for a thorough inspection, especially for the foundation, roof, and windows. The fact that it’s older than most homes on the street suggests it may have had fewer renovations than some neighbours.

4. Is the lot size typical for West Broadway?
The lot is slightly above the neighbourhood average (4,108 sqft vs. 3,954 sqft) and well above the street average. It’s not a huge yard by suburban standards, but it’s generous for an inner-city property. That extra space could be useful for gardening, a small workshop, or outdoor entertaining, but don’t expect sprawling lawns.

5. How does this home rank for value compared to other older homes in Winnipeg?
The assessed value of $300,000 is below the city average, but the home is also much older than the typical Winnipeg home (1904 vs. 1966). For buyers who value interior space over a newer build, this property offers competitive square footage per dollar—especially when compared to newer homes in the suburbs where 1,900 sqft would likely cost significantly more. However, the trade-off is ongoing maintenance and potentially higher utility costs.