Property score
53.7
Fair
Overall 53.7 · Compared with neighbourhood average
1,858 sqft (bottom 39%) · 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: 24 dining spots, 3 schools, 14 healthcare facilitys, and 7 shops nearby
Living Area
Below average
8% 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)
141
275k
$142/sqft
1910
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53.7 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110636
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
242 Spence Street — 70 amenities found within 500 m, across 10 categories, including 24 dining (nearest 164 m), 3 education (nearest 294 m), 14 healthcare (nearest 164 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 35% | Bottom 49% | Bottom 30% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 38% | Bottom 27% | Bottom 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 1902-built home with 1,858 sq ft of living space and a 4,481 sq ft lot, located on Spence Street in Winnipeg’s West Broadway neighbourhood. The property sits close to street and community averages in most metrics, but stands out when compared citywide: its living area ranks in the top 15% across Winnipeg, while its assessed value (for tax purposes) is notably lower than the city average—landing in the bottom 20%. That gap between size and valuation is the central appeal. The lot is slightly larger than both the street and community medians, though smaller than the citywide average for single-family homes. Construction year is typical for the area (older stock) and in the bottom 1% citywide.
The property suits buyers who value interior space over a new build or a prime location premium. It would be a strong candidate for someone looking for a large floor plan in a central neighbourhood without paying the city’s median price. Investors or owner-occupants comfortable with an older home—and the maintenance that comes with it—will find the most value here. The combination of above-average living area and below-average assessed value suggests potential for long-term equity growth, especially if the neighbourhood sees upward pressure on valuations.
1. How does the property’s assessed value compare to similar homes in the area?
The assessed value ($257,000) is close to the street average ($247,000) and slightly below the community average ($295,000). Citywide, it’s well below the $390,000 median, which is unusual for a home of this size.
2. Is the lot size considered large for the neighbourhood?
Yes, but only modestly. The lot is 4,481 sq ft, ranking in the top third on the street and in the community. It is smaller than the typical Winnipeg single-family lot (6,570 sq ft), which reflects the older, more central location.
3. What should buyers expect from a home built in 1902?
Older construction often means solid materials, but systems (plumbing, electrical, insulation) may need updating. The home’s age is typical for Spence Street and West Broadway, so comparable properties in the area will have similar considerations.
4. How does this property rank against others in West Broadway?
It falls near the middle for most categories: living area (top 61%), assessed value (top 63%), lot size (top 31%), and build year (top 65%). It doesn’t lead the neighbourhood in any single metric, but offers a balanced profile.
5. Who would benefit most from buying this home?
Buyers who prioritize square footage and a central location over a low-maintenance or recently built home. The low assessed value relative to size makes it appealing for those seeking value in an older, established area.
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