71 Maryland Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1906-built home with 2,072 sq ft of living space on a 3,086 sq ft lot. Its standout feature is the living area — it ranks in the top 9% citywide for size, well above the Winnipeg average of 1,342 sq ft. Within its own street, it sits in the top 23%, and the assessed value reflects this, placing it in the top 6% on Maryland Street and top 19% in West Broadway. The land, however, is relatively compact: it ranks in the bottom 20% on the street and bottom third in the neighborhood. The home’s age is typical for the area but old by city standards — built nearly 60 years before the Winnipeg average.

The appeal here is space per dollar. Buyers get a generous interior on a modest lot in a central neighborhood, with an assessed value that still falls near the city median ($361K vs. $390K average). That combination suggests a property with good bones and room to update, rather than a turnkey premium. It would suit buyers who prioritize square footage and character (pre-war construction) over yard size, and who are comfortable with an older home in an established area. Investors or owner-occupiers looking for a value play in a location with walkable access might find this fits — especially if they’re willing to work on deferred maintenance or cosmetic updates.

Five Possible FAQs

1. How does the assessed value compare to what I might pay?
The city assesses it at $361,000, which is slightly below the Winnipeg median of $390,000. However, assessment doesn’t always match market price — in a neighborhood with strong demand or limited inventory, the sale price could be higher. It’s best used as a baseline, not a final number.

2. Is a 3,086 sq ft lot typical for this area?
It’s on the smaller side. The average lot on Maryland Street is about 3,600 sq ft, and in West Broadway it’s closer to 3,950 sq ft. So while the house has generous indoor space, the yard is compact — something to consider if outdoor space is a priority.

3. What’s the condition of a 1906 home like this one?
The data doesn’t specify condition, but a home of this age will likely have older systems (plumbing, electrical, heating) and may need updates. The fact that it’s ranked in the top 10 on its street for assessed value suggests it’s not a complete fixer, but a thorough inspection is essential — especially for foundations, roofs, and insulation.

4. How does this property compare to others on the street?
It’s significantly larger in living area (top 23%) and higher in assessed value (top 6%), but has less land than most (bottom 20%). That makes it an outlier on Maryland Street — more house per footprint, which could be a pro or con depending on your needs.

5. Is this a good investment for the West Broadway area?
West Broadway is central and walkable, with a mix of older stock and some newer infill. The property’s above-average living area and below-median land cost could mean upside if the neighborhood continues to see reinvestment. But the land itself is limited, so long-term appreciation may depend more on the house and location than on land value gains.