206 Furby Street — Property Summary

Key Characteristics & Buyer Suitability

This is a pre-1900 home (built in 1896) with 1,744 sq ft of living space on a 4,115 sq ft lot, located in Winnipeg’s West Broadway neighbourhood. Compared to the city as a whole, the living space is comfortably above average—ranking in the top 19% city-wide—though it sits slightly below the averages for its own street and immediate community. The assessed tax value of $234,000 is notably below the city-wide average of $390,000, placing it in the lower value bracket across Winnipeg, and also below the West Broadway community average.

The property’s appeal lies in its combination of generous interior space relative to city-wide norms and a comparatively low assessed value—a pairing that may not be easy to find elsewhere in the city. However, it’s not a newer or turnkey property; the age is a significant factor, ranking in the oldest 5% on its street and community. The lot is close to average for the area but smaller than typical city lots. This home would likely suit a buyer who values character and space over modern finishes, who is comfortable with an older home’s quirks and maintenance requirements, and who is looking for a relatively affordable entry point into a central neighbourhood with historical stock. It may be less suitable for someone seeking a low-maintenance or recently built home, or for those prioritizing a large outdoor yard.

Frequently Asked Questions

1. How does the property’s age affect its livability or ongoing costs?
At over 125 years old, this home likely has heritage-era construction details (thick plaster walls, original trim, possibly older mechanical systems). Buyers should budget for potentially higher heating costs, and plan for updates to electrical, plumbing, or insulation if those haven’t been addressed. Older homes in this price range often require more proactive maintenance than newer builds.

2. The assessed value is low—should I expect a low sale price?
Assessed value is used primarily for property tax calculation and doesn’t directly determine market price. However, a low assessment can sometimes indicate that recent sale data in the area reflects lower values. It’s worth comparing recent sold prices for similar vintage homes in West Broadway to gauge realistic pricing.

3. How does the lot size compare to other homes in the area?
The lot is almost exactly average for both Furby Street and West Broadway, meaning it’s in line with neighbouring properties. It is smaller than the average Winnipeg lot, which is typical for older central neighbourhoods with more compact urban layouts.

4. What’s the neighbourhood like for walkability or amenities?
West Broadway is a central, older neighbourhood with relatively good access to downtown, transit, and local shops. The property’s placement on Furby Street places it within walking distance of Broadway Avenue and the Osborne Village area, but specific proximity to groceries or parks should be verified by mapping the exact address.

5. Is the ranking data useful for comparing to other homes I’m looking at?
Yes, but with context. The rankings are based on the full inventory of properties in each category, so they show where this home falls statistically. The city-wide top 19% ranking for living space is a genuine advantage, while the low assessment ranking (bottom 14% city-wide) suggests this property is priced affordably relative to the broader market. Keep in mind that rankings compare against all housing types, not just similar-era homes.