218 Young Street – Property Summary

Key Characteristics, Appeal & Suitable Buyers

This is a late-1800s home (built 1898) with 1,566 sq ft of living space on a 3,038 sq ft lot. Its standout feature is living area: it’s larger than roughly three-quarters of all homes citywide, and sits above average for its own street. The assessed value is $242,000—modest by Winnipeg standards (bottom 15% citywide), and notably below the West Broadway neighbourhood average of $295,000. The lot size is close to the street average but smaller than much of the city. The building’s age puts it among the oldest 1% citywide, which is typical for the area but worth noting for maintenance expectations.

The appeal here is space per dollar. You get a genuinely roomy interior—more than many newer, pricier homes—without the higher tax base or land costs that usually come with it. The property sits in a central, older neighbourhood with character housing stock, and its below-average assessment relative to the community suggests potential value retention or upside if the area continues to improve. It’s not a turnkey modern home, and the land is compact, so it’s less suited to someone looking for a large yard or a blank canvas for a major rebuild.

This property would suit a buyer who values interior square footage over lot size or curb appeal, and who is comfortable with an older home’s quirks and upkeep. It could work well for someone who wants a central location with room to spread out, but who doesn’t need—or want to pay for—a big lot or a fully updated house. It’s less ideal for families seeking a large private yard or buyers who prioritize a newer, low-maintenance build.

Frequently Asked Questions

1. How does the living space compare to other homes in West Broadway?
It’s below average for the neighbourhood. The typical home in West Broadway is around 2,017 sq ft, so this one is about 22% smaller. But compared to the city as a whole, it’s comfortably above the average (1,342 sq ft) and ranks in the top 27% citywide.

2. Is the property overpriced given its age and smaller lot?
The assessed value of $242,000 is below both the West Broadway average ($295,000) and the citywide average ($390,000). On paper, it’s priced conservatively for its area. Whether that represents a bargain depends on the home’s condition and any deferred maintenance, which isn’t captured in assessment data.

3. What should I know about a house built in 1898?
It’s among the oldest 1% of homes in Winnipeg. That means systems (plumbing, electrical, foundation, roof) may be original or partially updated—buyers should budget for inspections and potential upgrades. The upside is that homes of this era often have solid framing, high ceilings, and unique detailing that newer builds lack.

4. How does the lot size affect usability?
The lot is 3,038 sq ft—about average for Young Street but significantly smaller than the typical Winnipeg lot (6,570 sq ft). It’s compact. Expect a modest backyard and limited room for additions, garages, or extensive landscaping. It’s best suited for someone who prioritizes indoor space over outdoor living.

5. How does this property rank on Young Street itself?
It sits near the middle of the street in most categories: living area (top 34%), assessed value (top 28%), and lot size (exactly median). The outlier is age—it’s one of the older homes on the block. On its own street, it’s a fairly typical older home with slightly more interior space than average.