1-225 Balmoral Street

1-225 Balmoral Street – Property Summary

Key Characteristics & Buyer Profile

This 1,676-square-foot home, built in 1902, sits on a 3,524-square-foot lot in Winnipeg’s West Broadway area. Its standout feature is its assessed value: at $334,000, it ranks in the top 25% on Balmoral Street and top 30% in the neighbourhood—significantly above the street average of $263,600. This suggests the property has held or gained value well relative to its immediate surroundings, possibly due to updates, condition, or location within the block.

The living area is slightly below the street and neighbourhood averages (around 2,000 sqft), but above the citywide average for comparable homes (1,342 sqft). The lot is also smaller than typical for the area and city, meaning less outdoor maintenance but limited yard space. The home’s age—among the oldest citywide, ranking in the top 99% for year built—means it likely has character features but may require ongoing upkeep and older systems.

Who it suits: Buyers who prioritize a well-valued property in a central, established neighbourhood, and who are comfortable with an older home on a compact lot. It may appeal to someone looking for solid assessed value relative to the local market, or an investor drawn to the street’s above-average valuation trend. It’s less ideal for those wanting a large yard or a newer, move-in-ready home without potential maintenance.

Five Frequently Asked Questions

1. How does this home’s value compare to others nearby?
Above average. It’s assessed at $334,000, which is about $70,000 more than the typical home on Balmoral Street and roughly $39,000 above the West Broadway average. Citywide, it sits near the middle.

2. Is the living area small for the neighbourhood?
Slightly below average. At 1,676 sqft, it’s about 400 sqft less than the typical home on Balmoral Street and in West Broadway. But it’s still above the citywide average for comparable homes, so it’s not unusually small for Winnipeg overall.

3. What should I know about a home built in 1902?
It’s among the oldest properties in the city. Older homes often have solid construction and character details, but you should expect older plumbing, electrical, and possibly insulation. City records show most similar homes on this street were built around 1906, so the age is typical for the immediate area.

4. How much outdoor space does the lot provide?
Modest. The land area of 3,524 sqft is below the street and neighbourhood averages (both around 3,900 sqft) and well below the citywide average of 6,570 sqft. It’s a manageable yard, but not suited for extensive gardening or large outdoor structures.

5. What does “Top 22% citywide for living area” mean?
It means this home’s living area is larger than 78% of comparable homes across Winnipeg. Even though it’s smaller than the average on its own street, it’s still above average compared to the broader city, where many homes fall below 1,342 sqft. This is useful context if you’re considering how the property stacks up beyond the immediate neighbourhood.