230 Balmoral Street

West Broadway, Winnipeg

Property score

51.1

Fair

Overall 51.1 · Smaller and older than most nearby homes

1,676 sqft (bottom 26%) · Built in 1900 (10 yrs older than avg)

Located in a below-average income area with median household income of ~41.2k

Transit 92.0 · 3-min walk to transit with 7 nearby routes · Within 500m: 22 dining spots, 3 schools, 12 healthcare facilitys, and 8 shops nearby

Living Area

Below average

17% smaller than neighborhood avg.

Year Built

Below average

10 yrs older than neighborhood avg.

Mother tongue

English · 74%Chinese · 2%

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

51.1 is composed by the two sections below.

Property Score

58.7Fair
Living Area1,676 sqft83Excellent
Year Built19005Low
Lot Size2,989 sqft28Low
Neighbourhood Sales Activity74Good

Community Score

39.8Low
Household Income40Low
Education Level44Low
Housing Stress30Low
Core Housing Need38Low
Employment Health42Low

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: #46110637

Community deep dive

$41K

Median household income

$49K

Average household income

36%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.7

P90 / P10 ratio

45%

Single-person households

6%

Families with children

Population, labour & age

Population (2021)527
Labour force participation rate66%
Median age31.0
Avg household size2.0
Unemployment rate27%
Population density8783 / km²

Households & income

Low income (LIM-AT, % pop.)36%
Single-person households45%
Couple families with children6%
Median household income (2020)$41K

Housing

Renter households94%
Condominium dwellings0%
Median dwelling value (owners)

Diversity, education & language

Immigrants (share of pop.)19%
Visible minority38%
Bachelor's or higher (25–64)22%
Mother tongue (1st)English · 74%
Mother tongue (2nd)Chinese · 1%

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

Rankings

Living Area

above average
1,676 sqft
0255075100
Same streetBottom 35%Same areaBottom 26%CitywideTop 22%
Same street · Balmoral Street
#51 / 79
Bottom 35% · Avg 2,079 sqft
Same area · West Broadway
#256 / 348
Bottom 26% · Avg 2,017 sqft
Citywide · Winnipeg
#42,511 / 194,458
Top 22% · Avg 1,342 sqft

Tax-Assessed Value

around average
234k
0255075100
Same streetBottom 49%Same areaBottom 25%CitywideBottom 14%
Same street · Balmoral Street
#40 / 79
Bottom 49% · Avg 263.6k
Same area · West Broadway
#261 / 348
Bottom 25% · Avg 295.4k
Citywide · Winnipeg
#167,591 / 194,458
Bottom 14% · Avg 390.1k

Year Built

below average
1900
0255075100
Same streetBottom 22%Same areaBottom 9%CitywideBottom 1%

Lot Size

below average
2,989 sqft
0255075100
Same streetBottom 24%Same areaBottom 15%CitywideBottom 10%

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

230 Balmoral Street — 63 amenities found within 500 m, across 9 categories, including 22 dining (nearest 231 m), 3 education (nearest 361 m), 12 healthcare (nearest 196 m).

Search radius
🍽️Dining22
🏫Education3
🏥Healthcare12
🛒Shopping8
🌳Parks5
💪Sports2
🏦Finance2
Fuel Stations1
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 7/2022CA$300k–350k
Sold price

Same street

Top 45%

Same area

Top 38%

City-wide

Bottom 39%
Sold 2/2019CA$200k–250k
Sold price

Same street

Bottom 26%

Same area

Bottom 20%

City-wide

Bottom 13%

Related homes

Highlights & common questions: 230 Balmoral Street, Winnipeg

230 Balmoral Street – Property Summary

Key Characteristics & Profile

This is a 1,676 sqft home built in 1900, situated on a 2,989 sqft lot in Winnipeg’s West Broadway area. Its assessed value is $234,000.

What stands out: The property is larger inside than most homes citywide (top 22% for living area), but sits on a relatively small lot (bottom quarter compared to city averages). The assessed value is noticeably below both the neighbourhood average ($295,400) and the citywide average ($390,100), which reflects both the modest lot size and the older construction.

Its appeal: This property offers more interior space than typical Winnipeg homes without the price tag that usually comes with it. The below-average assessment suggests potential value—either as a more affordable entry point into a central neighbourhood, or as a candidate for renovation where the square footage could be leveraged. The location on Balmoral Street places it near Broadway’s amenities while remaining outside the priciest pockets of the area.

Who it suits: Buyers who prioritize interior living space over outdoor space, and who are comfortable with an older home (1900 construction) that may need updates. It could work well for someone looking for a larger-than-average central home at a below-average price point, or for an investor interested in the gap between the low assessed value and the usable square footage. Not ideal for those wanting a big yard or a move-in-ready modern finish.


Frequently Asked Questions

1. Why is the assessed value so low compared to citywide averages?
Two main factors: the land area is well below average (2,989 sqft vs. 6,570 sqft citywide), and the home was built in 1900, making it older than roughly 99% of properties in Winnipeg. Assessed value weighs both land and improvements, so a small lot with an old building naturally lands lower.

2. Is the living area measurement accurate for a 1900 home?
The 1,676 sqft figure likely includes the main floors only. Homes of this era often have less finished basement space or lower ceiling heights in lower levels. It's worth confirming whether the listed living area includes any basement or attic conversion, as older homes can have non-standard layouts.

3. How does the street compare to the broader neighbourhood?
On Balmoral Street specifically, this property is around the middle for assessed value (top 51%) and living area (top 65%). But compared to the wider West Broadway area, both its value and lot size drop to the bottom quarter. The street itself is fairly mixed—not the weakest link in the neighbourhood, but not representative of the area's higher-value homes either.

4. What should I watch out for with a 1900-built home?
Beyond typical old-home considerations (aging electrical, plumbing, foundation), note that the land area is small. That can limit options for expansions or adding a garage without rezoning. Also, the assessed value suggests the structure may not have been heavily updated. A thorough inspection should focus on knob-and-tube wiring, lead pipes, and the condition of the original framing.

5. Could the property be a good renovation opportunity?
Possibly, but with caution. The interior square footage is a clear asset—renovating existing space could yield a solid return if the bones are sound. However, the small lot and older construction mean you won't gain much from an addition, and any major work would need to respect heritage or zoning constraints common in West Broadway. The low assessed value leaves headroom for value-add, but only if the renovation costs are kept realistic relative to neighbourhood resale values.

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