Property score
56.4
Fair
Overall 56.4 · Larger than most nearby homes
2,328 sqft (top 24%) · Built in 1902 (8 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: 25 dining spots, 4 schools, 13 healthcare facilitys, and 8 shops nearby
Living Area
Above average
15% larger than neighborhood avg.
Year Built
Below average
8 yrs older than neighborhood avg.
Mother tongue
English · 74%Chinese · 2%
Past 10 years West Broadway sales snapshot (~80% of all data)
141
275k
$142/sqft
1910
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56.4 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: #46110637
$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
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
255 Spence Street — 72 amenities found within 500 m, across 10 categories, including 25 dining (nearest 137 m), 4 education (nearest 277 m), 13 healthcare (nearest 152 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 20% | Top 29% | Bottom 43% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 39% | Bottom 47% | Bottom 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This 2,328 sqft home on Spence Street offers generous living space that stands out across multiple comparisons. Its size ranks in the top 5% city-wide, well above Winnipeg’s average of 1,342 sqft, and it also sits in the top 20% on its own street and top 24% within the West Broadway area. That means the property provides significantly more interior room than most others nearby—a rare advantage in a neighbourhood where the average home is around 2,000 sqft.
The assessed tax value of $300,000 is above the street average ($247,000) and roughly in line with the broader community ($295,000), but notably below the city-wide average of $390,000. This suggests the property offers strong square footage for its tax bracket—buyers get more interior space per dollar of assessed value compared to many parts of Winnipeg.
Built in 1902, the home is older than most in the area and falls in the oldest 1% of properties city-wide. That will appeal to buyers who appreciate early 20th-century character, original detailing, or established architecture, but it also means the house may require more upkeep and potentially older systems than a newer build.
The lot is 2,997 sqft, which is smaller than typical for the street, neighbourhood, and city. This is worth noting for anyone wanting a large yard or room for extensions, but it also keeps the property more compact and potentially lower-maintenance.
Who this suits: Buyers who prioritize indoor living space and value—especially those looking for a larger home in a central, established neighbourhood without paying a premium for land. It may also appeal to someone who appreciates older homes with history and is prepared for the maintenance that comes with a 1902 build. Less suited for buyers seeking a large private lot or a move-in-ready property with modern systems.
1. How does this property’s size compare to other homes in West Broadway?
It’s well above average. The typical home in the area is about 2,017 sqft, while this one is 2,328 sqft. It ranks in the top 24% locally, so it’s one of the larger homes in the neighbourhood.
2. Why is the assessed value lower than the city average when the house is so big?
Assessed value reflects market factors including location, lot size, age, and condition—not just square footage. This home is older and on a smaller lot, and it’s in a community where values tend to be lower than the city-wide median. So you’re getting more interior space at a relatively modest tax valuation.
3. Is a 1902 house likely to need a lot of work?
It depends on how it’s been maintained. Homes from that era can have solid bones—old-growth lumber, good craftsmanship—but systems like wiring, plumbing, and insulation may not be up to current standards. A thorough inspection is especially important here.
4. What does the smaller lot mean in practical terms?
Less yard space for gardening, parking, or adding a garage or extension. On the plus side, less outdoor upkeep. If you want a big backyard or room for future development, this may not be ideal.
5. How does this property compare to others on Spence Street specifically?
It’s one of the larger homes on the street (top 20% for living area), with a higher assessed value than average. But the lot is smaller than most neighbours’, and it’s among the older homes on the block. It offers a strong interior footprint relative to its immediate surroundings.
