Key Characteristics & Buyer Profile
At 2,278 square feet, this 1910 home on Spence Street offers notably generous living space, especially when compared citywide—it ranks in the top 5% for living area across Winnipeg. The lot is a practical 4,022 square feet, which is around average for the street and the West Broadway neighbourhood, though undersized compared to typical city lots. The assessed value of $323,000 sits slightly above the street and neighbourhood averages, but below the citywide median for comparable homes, suggesting the price reflects the larger interior rather than land value or a premium location.
The appeal lies in the combination of size and value. You get a home with significantly more square footage than most in the city, in an older, established neighbourhood with a good stock of similar-era housing. The year built (1910) places it among the older homes on the street and in the area, which may appeal to buyers who appreciate pre-war character, solid construction, or the potential for restoration. This property would suit someone who prioritizes interior space over a large yard or a top-tier school catchment, and who is comfortable with an older home that may require maintenance or updates. It’s less suited for someone seeking a newer build, a large suburban lot, or a property with a high resale value relative to the neighbourhood average.
Five Possible FAQs
1. How does the assessed value compare to similar homes in West Broadway?
The assessed value of $323,000 is slightly above the neighbourhood average of $295,400, placing it in the top 32% locally. That means it’s valued a bit higher than many nearby homes, but it’s still well below the citywide average of $390,100 for comparable properties.
2. Is the lot size considered small for Winnipeg?
Yes, the 4,022 sqft lot is below the citywide average of 6,570 sqft for comparable homes, ranking in the bottom 26% citywide. On Spence Street and in West Broadway, however, the lot is right around the local average, so it’s not unusual for the area.
3. Why is the year built listed as 1910, and does that affect anything?
The home was built in 1910, which is typical for West Broadway (the neighbourhood average is also 1910). Citywide, this is older than the average comparable home (1966), so it falls in the bottom 6% by age. Older homes can mean thicker walls, unique detailing, and established landscaping, but may also require more frequent upkeep on systems like plumbing, electrical, or roofing.
4. What does “top 5% citywide” for living area actually mean?
It means this home has more interior square footage than 95% of comparable homes across Winnipeg. Most similar homes in the city top out around 1,342 sqft, so this property is nearly double that. It’s a genuinely large home, not just by local street or neighbourhood standards, but by the city’s overall housing stock.
5. Can I see how this property compares to neighbours on a map?
Yes. The property listing page includes a link to a neighbourhood analysis map that shows nearby homes with details on year built, living area, assessed value, and lot size. That’s the best way to get a visual sense of how this house fits into the street and block.