503 Langside Street

Property Overview: 503 Langside Street, Winnipeg

Key Characteristics & Appeal

This is a compact, early-20th century home in Winnipeg's Spence neighborhood, built in 1905. With 850 square feet of living space and a 2,051 square foot lot, it is notably smaller than most homes in the area, ranking in the bottom 10% locally for size. Its assessed value of $119k is well below both the neighborhood and city averages, reflecting its modest scale and positioning it as one of the most affordable property entry points city-wide.

The primary appeal lies in its accessibility and potential. It suits first-time buyers, investors, or downsizers seeking minimal financial entry into the Winnipeg market. The price point allows for budgeting towards updates or renovations. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less maintenance, which is a practical advantage. While not a large or modern home, it represents a straightforward opportunity in a central location, where the value is in the land and the structure's possibilities rather than in finished grandeur.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
The assessed value is primarily a reflection of the home's relatively small size and modest characteristics compared to the broader Winnipeg market, which includes many larger, newer homes.

2. What type of buyer would this property be best for?
It is best suited for budget-conscious first-time buyers, investors looking for a rental property, or those seeking a minimal footprint home with potential to renovate over time.

3. How does the lot size compare?
The lot is 2,051 sq ft, which is smaller than the average for both the street and the Spence neighborhood, but is a typical size for many older, central Winnipeg lots.

4. Is the home older than others nearby?
Built in 1905, it is actually around the average age for homes on Langside Street and in the Spence area, which are predominantly early 1900s constructions. It is, however, significantly older than the Winnipeg citywide average.

5. Where can I find exact historical sold prices for this home?
The site provides sold price ranges. To receive verified, exact sold price figures, you must request them via email from the service, as they are not displayed publicly due to data sourcing rules.