232 Manitoba Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a relatively new home in an older, established neighbourhood. Built in 2013, it ranks in the top 5% for age on its street and within the William Whyte area, where most homes date from the 1920s–1940s. The living area is 1,040 square feet—close to the street average and slightly below the citywide median. The assessed value of $253,000 is well above the neighbourhood average of $149,100 (top 6%), but below the citywide average of $390,100. The land is on the smaller side for the street: 3,480 square feet, ranking in the bottom 21% locally.

The appeal lies in having a newer structure in a neighbourhood with older housing stock. You get modern construction standards and likely lower immediate maintenance needs, without paying for a large lot or a premium location. The home is not oversized, which keeps it practical and probably more efficient to heat and cool. It would suit a buyer who wants a turnkey property in a transitioning or more affordable area, values newer build quality over historic character, and doesn't need a big yard. Investors or first-time buyers looking for a solid, unflashy home with good assessed value relative to the immediate area might find it a sensible fit.

Five Frequently Asked Questions

1. Why is the assessed value so high compared to the neighbourhood but low citywide?
The neighbourhood (William Whyte) has many older, lower-assessed homes, so this property stands out locally. But citywide, Winnipeg includes many higher-value areas (like River Heights or Tuxedo), so $253,000 falls below the overall median. It is a reflection of the neighbourhood's baseline, not the home's condition or quality.

2. Is a smaller-than-average lot a disadvantage?
It depends on your priorities. A smaller lot means less yard maintenance and likely a lower purchase price. However, if you want space for gardens, a large shed, or future additions, you may find it limiting. On this street, most homes sit on larger parcels, so the property fits a slightly more compact urban footprint.

3. How reliable are the rankings provided?
They are based on assessor data and comparable homes within the same street, neighbourhood, and city. Rankings show where this property stands relative to others in those groups. They are useful for broad comparison, but actual desirability depends on factors like interior condition, layout, and street traffic, which rankings don't capture.

4. Does the 2013 build mean lower property taxes?
Not necessarily. Property taxes are based on assessed value, not year built. While a newer home may have fewer deferred maintenance costs, the assessment of $253,000 is what determines your tax bill. Consult the city's tax rate for that valuation to estimate annual taxes.

5. What type of neighbourhood is William Whyte?
It is an older, inner-city neighbourhood in Winnipeg with a mix of vintage homes and some newer infill. It is not a high-demand area citywide, but it offers proximity to downtown and has seen pockets of reinvestment. Buyers should research local amenities, schools, and recent sales trends to gauge whether it matches their lifestyle and long-term plans.