303-134 Langside Street – Property Summary
Key Characteristics and Buyer Suitability
This 650-square-foot unit, built in 1984, sits on Langside Street in Winnipeg’s West Broadway neighbourhood. Its appeal lies in affordability and a relatively new build for the immediate street—it’s the newest home on the block by a wide margin. The assessed value is $109,000, which lands well below both the neighbourhood and city averages. While the unit is smaller than typical for Winnipeg (ranking in the bottom 9% citywide), it’s close to average for its own street and neighbourhood. The mismatch between local and citywide rankings is the property’s defining trait: you’re paying far less than the city median, but living in a home that’s comparable in size to others nearby. This makes the property best suited for budget-conscious buyers who prioritize low entry cost over square footage, especially first-time buyers or those looking for a foothold in a centrally located area without taking on large debt. It could also work well for an investor seeking a lower-cost rental unit in a neighbourhood where the property is already priced competitively relative to local comparables.
Five Possible FAQs
1. How does the assessed value compare to similar units nearby?
On Langside Street, the $109,000 assessment is close to the street’s $111,400 average—ranking 4th out of 9 homes. But compared to the wider West Broadway neighbourhood (average $174,700), it’s significantly below the norm. Citywide, it’s among the lowest 3% of assessed values.
2. Is the living area considered small for the area?
By city standards, yes—650 sqft is well under Winnipeg’s average of 1,042 sqft. But on Langside Street itself, it’s only slightly below the 680 sqft average, and it’s right in line with the West Broadway neighbourhood average of 653 sqft. So it feels ordinary for the immediate area, not unusually cramped.
3. Why is the year built notable?
Built in 1984, it’s the oldest home on Langside Street by a small margin, but it’s also the newest among the nine homes listed—because most of the street’s homes are also from 1984. In the broader West Broadway neighbourhood, many homes are newer (1996 average), so this property is older than the neighbourhood norm.
4. How reliable are these rankings and averages?
The data compares this property to “comparable homes” within each scope—street, neighbourhood, and city. Rankings are based on a median benchmark, not a strict average. The bars and fill colours group properties into tiers (red, blue, amber, gray) to show how many peers you outperform, rather than exact percentile positioning. It’s a useful rough guide but not a precise valuation tool.
5. What’s the advantage of opening the neighbourhood map analysis?
The map lets you see this property side-by-side with nearby houses, comparing living area, year built, assessed value, and lot size in detail. It helps clarify whether the data trends hold up when looking at specific neighbouring units, rather than relying on grouped averages alone.