73 Spence Street

West Broadway, Winnipeg

Property score

65.8

Good

Overall 65.8 · Larger than most nearby homes

2,424 sqft (top 19%) · Built in 1904 (6 yrs older than avg)

Located in a average-income area with median household income of ~48.4k

Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 15 dining spots, 1 school, 12 healthcare facilitys, and 5 shops nearby

Living Area

Above average

20% larger than neighborhood avg.

Year Built

Near average

6 yrs older than neighborhood avg.

Mother tongue

English · 68%French · 2%

Past 10 years West Broadway sales snapshot (~80% of all data)

Sold Count

141

Median price

275k

$/sqft

$142/sqft

Avg build year

1910

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Property score

65.8 is composed by the two sections below.

Property Score

73.3Good
Living Area2,424 sqft96Excellent
Year Built190410Low
Lot Size5,490 sqft67Good
Neighbourhood Sales Activity74Good

Community Score

54.5Fair
Household Income53Fair
Education Level72Good
Housing Stress30Low
Core Housing Need38Low
Employment Health68Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110639

Community deep dive

$48K

Median household income

$55K

Average household income

32%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.4

P90 / P10 ratio

50%

Single-person households

8%

Families with children

Population, labour & age

Population (2021)672
Labour force participation rate67%
Median age30.8
Avg household size1.9
Unemployment rate10%
Population density3200 / km²

Households & income

Low income (LIM-AT, % pop.)32%
Single-person households50%
Couple families with children8%
Median household income (2020)$48K

Housing

Renter households92%
Condominium dwellings0%
Median dwelling value (owners)

Diversity, education & language

Immigrants (share of pop.)30%
Visible minority33%
Bachelor's or higher (25–64)36%
Mother tongue (1st)English · 68%
Mother tongue (2nd)French · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
2,424 sqft
0255075100
Same streetTop 12%Same areaTop 19%CitywideTop 4%
Same street · Spence Street
#19 / 157
Top 12% · Avg 1,925 sqft
Same area · West Broadway
#66 / 348
Top 19% · Avg 2,017 sqft
Citywide · Winnipeg
#6,862 / 194,458
Top 4% · Avg 1,342 sqft

Tax-Assessed Value

around average
260k
0255075100
Same streetTop 39%Same areaBottom 39%CitywideBottom 19%
Same street · Spence Street
#62 / 157
Top 39% · Avg 247.5k
Same area · West Broadway
#213 / 348
Bottom 39% · Avg 295.4k
Citywide · Winnipeg
#156,560 / 194,458
Bottom 19% · Avg 390.1k

Year Built

around average
1904
0255075100
Same streetTop 40%Same areaTop 43%CitywideBottom 1%

Lot Size

above average
5,490 sqft
0255075100
Same streetTop 14%Same areaTop 16%CitywideTop 44%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

73 Spence Street — 48 amenities found within 500 m, across 9 categories, including 15 dining (nearest 218 m), 1 education (nearest 312 m), 12 healthcare (nearest 272 m).

Search radius
🍽️Dining15
🏫Education1
🏥Healthcare12
🛒Shopping5
🌳Parks6
💪Sports2
🏦Finance1
Fuel Stations1
Worship5

Crime & Safety

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%

Sales History

Sold 7/2023CA$200k–250k
Sold price

Same street

Top 49%

Same area

Bottom 34%

City-wide

Bottom 20%

Related homes

Highlights & common questions: 73 Spence Street, Winnipeg

73 Spence Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2,424 sqft home on a 5,490 sqft lot, built in 1904. The standout feature is its size: the living area ranks in the top 4% citywide in Winnipeg, and the lot is in the top 14% on Spence Street and top 16% in the West Broadway neighbourhood. The assessed value is $260,000, which sits around average for the street and neighbourhood but well below the citywide average of $390,100—a pattern that reflects the older housing stock in this area.

The appeal lies in the space-to-price ratio. You get a significantly larger home and yard than most comparables in the city, at a price that hasn’t caught up with that square footage. The trade-off is age: the house was built in 1904, putting it in the oldest 1% citywide. Buyers should expect systems, finishes, and layout that reflect a home of that era—character and potential for renovation, rather than move-in-ready modernity.

This property suits buyers who value interior space and a generous lot over a turnkey condition or a trendy address. It would fit someone looking for a long-term project, an investor focused on square footage per dollar, or a buyer who appreciates older homes and wants to put sweat equity into a property with strong bones. It’s less suited to someone who wants a low-maintenance, updated home in a higher-priced area.


Five Possible FAQs

1. Why is the assessed value so low compared to the city average, given the large living area?
The assessed value reflects the home’s age, condition, and neighbourhood context. While the living area is elite citywide, the home was built in 1904 and sits in West Broadway, where average values are lower than many newer or more central areas. The citywide average includes many newer, higher-value homes, which pulls it up.

2. Does a “top 4%” living area ranking mean the house is unusually large for Winnipeg?
Yes, relative to comparable homes in the citywide data pool, this is a very large house. The average living area for comparable citywide homes is 1,342 sqft—this home is nearly double that. Keep in mind “comparable homes” may include a range of types, but the ranking shows it’s well above the typical single-family home in Winnipeg.

3. What does the “top 99%” year-built ranking mean practically?
It means the house is older than 99% of comparable homes citywide. That’s not inherently bad, but it does mean you should expect older electrical, plumbing, insulation, and possibly foundation details. A thorough home inspection—especially for knob-and-tube wiring, lead pipes, or settling—is strongly recommended.

4. The lot is large for the street and neighbourhood but only average citywide. Why the difference?
Citywide averages include newer suburban lots that often have bigger yards—6,570 sqft on average—while older urban lots in areas like West Broadway tend to be smaller and more uniform. So this lot is generous for its immediate area but not exceptional compared to newer subdivisions.

5. How do the rankings work, and should I rely on them when deciding?
The rankings compare this property to other “comparable homes” within the same data set, broken down by street, neighbourhood, and city. They’re useful for spotting outliers—like the unusually large living area—but they don’t capture condition, layout quality, or recent renovations. Use them as a quick filter, not a final verdict. The neighbourhood map analysis mentioned on the page could give you a clearer picture of how this house sits relative to specific nearby properties.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.