274 Langside Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1902-built home with 2,042 sq ft of living space on a 3,265 sq ft lot. Its assessed value sits at $250,000.

Where the appeal lies: The standout feature is the living area. At over 2,000 square feet, it ranks in the top 15% on Langside Street and the top 10% citywide in Winnipeg—significantly larger than both the street average (1,530 sq ft) and the city average (1,342 sq ft). The land is also above average for the street (top 19%), though neighbourhood and citywide lot sizes are larger. The assessed value is below the citywide median ($390,100) but close to the street average ($225,200), suggesting the price may reflect the home’s age and location more than its size.

What’s less obvious: The year built (1902) puts it among the oldest homes on the street and in the city (top 99% oldest citywide). While that can mean character and solid older construction, it also implies ongoing maintenance considerations that newer homes don’t have. The neighbourhood ranking for value (top 67%) is weaker than the street ranking (top 32%), which might indicate that neighbouring streets in West Broadway carry higher valuations.

Who it would suit: Buyers who prioritize interior space over a large yard, and who are comfortable with an older home’s quirks. It’s a good fit for someone who wants above-average square footage at a below-average citywide price point, and who values a location where the street itself offers relatively good value compared to the broader neighbourhood.

Frequently Asked Questions

1. How does this home’s size compare to other houses in Winnipeg?
Very favourably. At 2,042 sq ft, it’s in the top 10% of comparable homes citywide—nearly 700 sq ft larger than the city average for similar properties. It’s also significantly larger than most homes on Langside Street itself.

2. Why is the assessed value relatively low for such a large home?
The main factor is the home’s age. Built in 1902, it’s among the oldest in the city. Assessed value reflects condition, updated systems, and comparable sales—older homes often carry lower assessed values unless extensively renovated. The neighbourhood average ($295,400) is higher, suggesting newer or more updated homes nearby.

3. What should I know about the land size?
The lot is above average for Langside Street (top 19%), but below average for the neighbourhood and well below the citywide median. If you want a large backyard or expansion space, this may not be the property. If you prioritize indoor living space over outdoor space, it’s a reasonable trade-off.

4. How does the home’s age affect maintenance expectations?
A 1902 home will have older systems (plumbing, electrical, foundation) unless modernized. The rankings show it’s older than most homes on the street and in the city—this isn’t a concern if you’re prepared for periodic updates, but it’s worth budgeting for. Not all older homes are poorly maintained, but age alone means some components are approaching or past their typical lifespan.

5. What does the “neighbourhood analysis” map show?
The map allows side-by-side comparison of nearby homes on year built, living area, assessed value, and lot size. It’s useful for seeing whether 274 Langside is an outlier or typical for the immediate area—especially helpful for understanding whether the strong living area ranking is consistent among neighbours or a rare find on this specific street.