Key Characteristics & Buyer Profile

This is a 1,452-square-foot home built in 1927, with a land area of 3,267 square feet and an assessed value of around $149,000. Its strongest feature is its living space, which ranks in the top 15% on its street and top 19% in the William Whyte area—significantly larger than the typical home nearby. The house itself is older than many in the city, but not unusually old for its immediate neighbourhood. The assessed value, while average locally, is in the bottom 3% citywide, reflecting the area’s more modest price point.

The appeal here is straightforward: you get a good amount of indoor space for a relatively low assessed value, especially compared to citywide averages. The lot size is unremarkable but adequate. The main draw isn’t curb appeal or prestige—it’s the combination of square footage and affordability. This property would suit a buyer who prioritizes interior room over a prime location, such as a first-time buyer looking for more space than a typical starter home, a small family, or someone willing to invest in an older home with solid bones in a working-class neighbourhood. It’s less suited for someone seeking a modern, low-maintenance property or a hot resale market.

Frequently Asked Questions

1. Why is the assessed value so low compared to the rest of Winnipeg?
The area (William Whyte) has a lower overall price floor than many Winnipeg neighbourhoods. While this home’s value is typical for its street and area, it falls near the bottom citywide because it sits in a part of the city where property values are generally more compressed. The value reflects local market conditions, not necessarily a flaw in the house itself.

2. Are the rankings based on the house’s condition or just its size and age?
The rankings compare raw data like living area, lot size, year built, and assessed value against other properties. They do not account for renovations, interior finishes, structural condition, or cosmetic updates. A home that ranks high in living area could still need significant work inside.

3. How does a 1927 home usually hold up in terms of maintenance?
Homes from that era often have solid framing and good bones, but systems like plumbing, electrical, and insulation may be outdated. You should factor in potential updates to heating, wiring, and possibly the foundation. The age ranking (bottom 16% citywide) confirms it’s older, so a thorough inspection is wise.

4. Is the land area average for this kind of property?
Yes. The lot is 3,267 square feet, which is around average for the street and area. It’s not especially deep or wide, so don’t expect a large yard or expansion potential. For Winnipeg, this lot size is on the smaller side (bottom 16% citywide), which is typical for older infill neighbourhoods.

5. What would a typical monthly cost look like beyond the purchase price?
Estimated property taxes based on the $149k assessment will likely be on the lower side for Winnipeg. However, older homes may have higher heating costs due to less efficient insulation. It’s a good idea to ask for past utility bills, especially for winter months, and confirm whether the home has been updated with double-pane windows or added insulation.