228 Spence Street

West Broadway, Winnipeg

Property score

52.6

Fair

Overall 52.6 · Smaller than most nearby homes

1,704 sqft (bottom 30%) · Built in 1902 (8 yrs older than avg)

Located in a below-average income area with median household income of ~35.2k

Transit 92.0 · 3-min walk to transit with 7 nearby routes · Within 500m: 22 dining spots, 3 schools, 14 healthcare facilitys, and 6 shops nearby

Living Area

Below average

16% smaller than neighborhood avg.

Year Built

Below average

8 yrs older than neighborhood avg.

Mother tongue

English · 70%Arabic · 5%

Past 10 years West Broadway sales snapshot (~80% of all data)

Sold Count

141

Median price

275k

$/sqft

$142/sqft

Avg build year

1910

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Property score

52.6 is composed by the two sections below.

Property Score

65.2Good
Living Area86
1,704 sqftExcellent
Year Built10
1902Low
Lot Size53
4,476 sqftFair
Neighbourhood Sales Activity74
Good

Community Score

33.7Low
Household Income30
Low
Education Level44
Low
Housing Stress42
Low
Core Housing Need15
Low
Employment Health42
Low

Neighbourhood Sales

West Broadway

How to read: Share of sales in each ~$50k price band for “west broadway” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110636

Community deep dive

$35K

Median household income

$43K

Average household income

46%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.9

P90 / P10 ratio

54%

Single-person households

7%

Families with children

Population, labour & age

Population (2021)748
Labour force participation rate63%
Median age32.8
Avg household size1.9
Unemployment rate18%
Population density10685 / km²

Households & income

Low income (LIM-AT, % pop.)46%
Single-person households54%
Couple families with children7%
Median household income (2020)$35K

Housing

Renter households88%
Condominium dwellings7%
Median dwelling value (owners)$250K

Diversity, education & language

Immigrants (share of pop.)25%
Visible minority30%
Bachelor's or higher (25–64)21%
Mother tongue (1st)English · 69%
Mother tongue (2nd)Arabic · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,704 sqft
0255075100
Same streetBottom 32%Same areaBottom 30%CitywideTop 21%
Same street · Spence Street
#106 / 157
Bottom 32% · Avg 1,925 sqft
Same area · West Broadway
#245 / 348
Bottom 30% · Avg 2,017 sqft
Citywide · Winnipeg
#40,382 / 194,458
Top 21% · Avg 1,342 sqft

Tax-Assessed Value

around average
251k
0255075100
Same streetTop 45%Same areaBottom 33%CitywideBottom 17%
Same street · Spence Street
#70 / 157
Top 45% · Avg 247.5k
Same area · West Broadway
#232 / 348
Bottom 33% · Avg 295.4k
Citywide · Winnipeg
#160,680 / 194,458
Bottom 17% · Avg 390.1k

Year Built

around average
1902
0255075100
Same streetBottom 41%Same areaBottom 35%CitywideBottom 1%

Lot Size

around average
4,476 sqft
0255075100
Same streetTop 33%Same areaTop 32%CitywideBottom 33%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

228 Spence Street — 66 amenities found within 500 m, across 9 categories, including 22 dining (nearest 202 m), 3 education (nearest 332 m), 14 healthcare (nearest 193 m).

Search radius
🍽️Dining22
🏫Education3
🏥Healthcare14
🛒Shopping6
🌳Parks7
💪Sports2
🏦Finance2
Fuel Stations2
Worship8

Crime & Safety

West Broadway · WPS public data · 2026

Annual incidents

67

2026

vs. city avg

+127%

relative to avg

Year-over-year

-94%

vs. prior year

Primary type

Property

45%

Sales History

Sold 8/2021CA$200k–250k
Sold price

Same street

Top 49%

Same area

Bottom 34%

City-wide

Bottom 20%

Related homes

Highlights & common questions: 228 Spence Street, Winnipeg

Key Characteristics & Appeal

This is a 1902-built home on Spence Street in Winnipeg’s West Broadway area, with 1,704 square feet of living space on a 4,476-square-foot lot. Its assessed value is $251,000.

What stands out is how the property sits relative to different scales of comparison. The living space is notably above the citywide average—ranking in the top 21% across Winnipeg—but is actually slightly below the average for its own street and neighbourhood, where homes tend to be larger. The assessed value is below the city median, which keeps property taxes relatively modest. The lot is larger than typical for both the street and the neighbourhood, though smaller than the citywide average for single-family homes. The building is older, in line with the character of the surrounding area.

The appeal here is pragmatic rather than flashy. You get a spacious interior by city standards, in an older neighbourhood with established character, without the premium valuation you might expect for that amount of space. This property could suit buyers who want a larger-than-average home in a central, older neighbourhood, and who are comfortable with an older building. It may also appeal to someone looking for a property with below-median tax exposure relative to the city, or someone interested in the West Broadway area specifically—a neighbourhood where a 1,704 sqft home is on the smaller end, so the floor plan might feel relatively manageable in that context.

Five Possible FAQs

1. How does the living space compare to similar homes nearby?
On Spence Street, this home’s 1,704 sqft is close to the street average of 1,925 sqft. In the West Broadway area, it’s also near the community average of 2,017 sqft. But compared to the entire city of Winnipeg, where the average is roughly 1,342 sqft, this is a larger home.

2. Why is the assessed value lower than the city average?
The assessed value of $251,000 is below the citywide average of $390,000. This likely reflects the older age of the home, its location in a neighbourhood with generally lower valuations, and possibly the condition or features of the property. The assessment is close to the average for Spence Street itself.

3. Is the lot size considered large or small?
The lot is 4,476 sqft. That’s above average for both Spence Street (3,987 sqft) and West Broadway (3,954 sqft), but below the citywide average of 6,570 sqft. So it’s generous for the immediate area, but not oversized by Winnipeg standards.

4. The home was built in 1902. What should I be aware of with a house that old?
It’s older than the street and neighbourhood averages, and significantly older than the citywide average (mostly homes from the 1960s). An older home may have charm and solid construction, but you should plan for maintenance related to aging systems, foundations, insulation, and possibly lead paint or outdated wiring. A thorough inspection is strongly recommended.

5. How is the property ranked compared to others?
The house ranks in the top 21% citywide for living space, meaning it’s larger than most homes in Winnipeg. For assessed value, it’s in the bottom 17% citywide—so it’s on the lower end in terms of valuation. The lot is in the top third on the street and in the neighbourhood, and the build year places it among the older homes both locally and citywide.