353 Manitoba Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,176 sqft home, built in 1951, sits on a 3,344 sqft lot in the William Whyte neighbourhood of Winnipeg. Its standout feature is assessed value. At $182,000, the property is priced well above the neighbourhood average of $149,100 (top 24%), but significantly below the citywide average of $390,100. This creates a rare scenario: you’re buying into a higher-value home relative to its immediate surroundings, without paying citywide prices. The living area is slightly above the street average but below the citywide norm, and the land size is on the smaller side for both the street and the city.

The appeal lies in value relative to the neighbourhood, not in grandeur. This is a solidly mid-sized, mid-century home that likely offers more square footage and newer construction than many nearby properties, without the premium of a large lot. It suits a buyer who wants a functional, reasonably modernized home in a developing area, without overpaying for land they won’t use. It may also suit an investor betting on neighbourhood appreciation, given the assessed value already outpaces local averages. It’s less suited to someone seeking a large yard, a downtown-adjacent location, or a turnkey citywide bargain.

Five Possible FAQs

1. How does the assessed value compare to what I’d actually pay?
Assessed value is a municipal estimate, not a market price. This home’s assessment sits above the neighbourhood median but well below citywide medians. In a competitive market, the sale price may land somewhere between the two, depending on condition and buyer demand. Check recent sales on Manitoba Avenue for a better gauge.

2. Why is the land area ranked low on the street but average in the neighbourhood?
Manitoba Avenue itself tends to have larger lots—over 4,000 sqft on average—so this lot looks small by comparison. But within the broader William Whyte area, the average lot is closer to 3,277 sqft, making this size fairly typical. It’s a reminder that street-level rankings can be skewed by a few outliers.

3. Is a 1951 home likely to have original wiring or plumbing?
Not necessarily, but it’s worth checking. Many homes from that era have been updated, and the fact that the year built ranks newer than nearby properties suggests it may have been built later in the post-war boom, when building standards were improving. Still, expect potential updates needed in a home of this age.

4. How does the living area compare to modern new builds?
At 1,176 sqft, this is on the smaller side compared to a typical new suburban home, which often starts around 1,400–1,600 sqft. However, it’s generous for a 1950s home, and the layout may feel more efficient than a newer house with similar square footage. It’s a good match for a couple or small family.

5. What does “Top 94% citywide” mean for assessed value?
It means this home’s assessed value is lower than 94% of all comparable properties in Winnipeg. In other words, it’s very affordable by citywide standards. The catch is that affordability is relative to area—within William Whyte, it’s actually above average. So you’re getting a home that’s cheap citywide but relatively upscale for its immediate neighbourhood.