263 Langside Street, Winnipeg
Key Characteristics & Buyer Profile
This is a 1904-built home with 1,932 square feet of living space on a 3,039-square-foot lot. The assessed value is $261,000.
What stands out: The living area is genuinely spacious for its price point. It ranks in the top 13% city-wide for square footage, yet its assessed value sits in the bottom 20% – an unusual combination that suggests you’re getting more interior space than the market typically prices in at this level. The lot, by contrast, is on the smaller side for the neighborhood and the city overall, which is worth noting if outdoor space is a priority.
The trade-off: The house is over 120 years old, which puts it in the oldest 1% of properties city-wide. Age brings character but also older systems, potential maintenance needs, and possibly less efficient insulation or layout compared to newer builds. The assessed value being below neighborhood and city averages likely reflects this age, as well as the smaller lot.
Who it suits: Buyers who prioritize indoor square footage and a central location over a large yard or a modern, move-in-ready finish. It would work well for someone who values the bones and scale of an older home and is prepared to invest in updates over time. It’s less suited to someone looking for a compact, low-maintenance property or a family needing significant outdoor space. Because of its size and age, it may also appeal to investors or renovators.
Frequently Asked Questions
1. How does this home’s assessed value compare to similar homes nearby?
On Langside Street, it’s above average (top 29%), but within the West Broadway neighborhood it’s slightly below the median, and city-wide it’s well below average. This means the home offers good value compared to the city overall, but it’s not a bargain relative to others on its own street.
2. Is the lot size a concern?
It depends on your expectations. At 3,039 square feet, the lot is larger than average for the immediate street (top 30%), but smaller than most in West Broadway and much smaller than the typical Winnipeg property. If you want a big backyard or room for additions, this lot is tight. If you’re fine with a compact outdoor space, it’s typical for the urban core.
3. What should I know about a home built in 1904?
Homes of this vintage often have solid framing, high ceilings, and character details, but they may also have outdated wiring, plumbing, and insulation. Lead paint and asbestos in older finishes are possible. The year-built ranking shows it’s roughly average for its street and neighborhood, so many surrounding homes are similarly aged, but it is significantly older than the city average (1966). A thorough inspection is strongly recommended.
4. How does this property rank in terms of value for money?
The living area is well above average at every level, while the assessed value is below average city-wide. That’s a good sign for someone looking for space without paying a premium. However, the low value likely reflects the age and smaller lot, not necessarily a hidden bargain. You’re paying for square footage, not for a perfect modern home.
5. What does “around average” or “top 54%” actually mean for the neighborhood?
In West Broadway, the home is near the middle of the pack for living area, assessed value, and year built. That means it’s not an outlier in its immediate area. The main differentiator is its strong city-wide living area ranking, which gives it a distinct advantage over newer, smaller homes in other parts of Winnipeg.