92 Balmoral Street – Property Summary

Key Characteristics & Buyer Profile

This is a substantial, early-20th-century home (built 1904) with 3,146 square feet of living space on a 5,899-square-foot lot. The living area ranks in the top 1% citywide, and within the West Broadway neighbourhood, it sits in the top 4% for size—making it one of the larger homes in the area. The assessed value is $484,000, which is above average for both the street and neighbourhood, though closer to typical citywide levels. The lot size is notably large for the immediate street (top 6%) and neighbourhood (top 8%), but falls around average when compared to Winnipeg as a whole.

The appeal here is twofold. First, the home offers rare interior space for the area—this isn’t a cramped infill or a narrow Victorian row house. Second, the lot provides room that many nearby properties lack, which matters for anyone considering expansion, a garage, or simply more outdoor privacy. The year built (1904) means it carries character and likely solid bones, but also maintenance considerations typical of a home over a century old.

This property would suit a buyer who values turn-of-the-century architecture, wants generous indoor and outdoor square footage in a central neighbourhood, and is comfortable with the realities of an older home—think plaster walls, potential for updated systems, and the ongoing care that comes with a heritage-era structure. It’s less suited to someone looking for a low-maintenance or move-in-ready modern build.

Frequently Asked Questions

1. How does the assessed value relate to the actual market price?
Assessed value is determined by the municipal property assessment agency and reflects market value as of a specific base year. It’s not the same as an appraisal or listing price. That said, this home’s assessment is higher than most on its street and in the neighbourhood, which suggests the local market recognizes its size and location. A realtor can help you understand how recent sales in West Broadway compare.

2. What does “top 1% citywide for living area” actually mean in practice?
It means that out of nearly 200,000 comparable residential properties in Winnipeg, only about 2,000 are larger. For a home built in 1904, this is unusual—most homes of that era are smaller. You’re getting a floor plan that rivals much newer, larger suburban houses, but in a central, older neighbourhood.

3. Is a 5,899-square-foot lot considered large for this part of Winnipeg?
On Balmoral Street and in West Broadway, yes—it’s in the top 8% locally. Citywide, it’s closer to average, because Winnipeg has many postwar and suburban lots that are larger. What makes this lot valuable is its size relative to the immediate area, where narrower lots are common. It allows for more flexibility with landscaping, parking, or an addition, subject to zoning.

4. What should I know about a home built in 1904?
The year-built ranking (top 25% on the street, top 43% in the neighbourhood) indicates this home is older than many nearby, but not exceptionally so for the area. Key considerations: wiring, plumbing, and insulation may need updating; lead paint and asbestos were common in homes of this era; foundation and roof age matter; and original woodwork and materials often add character but require care. A thorough home inspection is strongly recommended.

5. How does this property compare to others currently for sale in West Broadway?
This home is larger than most listings in the area, both in living area and lot size. Its assessed value is above typical neighbourhood levels, which aligns with its size—but not dramatically so, because older homes in central neighbourhoods often carry lower per-square-foot valuations than newer builds. It likely stands out as a property offering more space and land than the average West Broadway home, without being priced at a premium that reflects its citywide size ranking.