114 Langside Street — Winnipeg Property Overview
Key Characteristics & Buyer Profile
This is a compact home in West Broadway that stands out for being unusually new in an old neighbourhood. Built in 2016, it ranks in the top 2% on its street and top 1% in the area for year built—most nearby homes date to around 1919. Living space is limited at 927 square feet, which is below average at every level (street, neighbourhood, and citywide). The assessed value of $352,000 sits well above the street average of $225,200, placing it in the top 9% locally, but remains near the middle when compared citywide. The lot is 2,513 square feet—tight for Winnipeg, ranking in the bottom 5% citywide.
The appeal here is straightforward: it's a newer, lower-maintenance home in an older, character-heavy area where most housing stock is a century old. You avoid the typical repair headaches of a vintage property without leaving the core neighbourhood. The trade-off is limited square footage on a small lot, so buyers should be realistic about storage, outdoor space, and room for expansion. This suits first-time buyers looking for something move-in ready in a central location, downsizers leaving a larger family home who want less upkeep, or investors targeting the rental market in a neighbourhood with older, often tired inventory. It would be a less obvious fit for anyone prioritizing yard space or who plans to host often—those buyers may feel cramped.
Frequently Asked Questions
1. Why is the assessed value so much higher than the street average when the home is so small?
The big factor is age. Almost every nearby home was built before 1920, so they carry older electrical, plumbing, foundations, and insulation. A 2016 build means modern systems, better energy efficiency, and less deferred maintenance. Assessors weight that heavily. The small living area is the main thing holding the value from going even higher.
2. How does the 927 square feet actually feel in practice?
It depends a lot on layout, which isn't described in the data. A newer build can make better use of space than a century home with awkward additions and chopped-up rooms. Still, 927 square feet is tight for a two-bedroom, and likely a squeeze for three. You'd want to walk the unit yourself to see how efficiently the floor plan flows.
3. Is a 2,513-square-foot lot a dealbreaker in West Broadway?
Not necessarily. The area has a mix of smaller lots and more compact homes by older Winnipeg standards. What matters is whether the lot shape and orientation suit your use—parking, a small garden, or just entry space. If you want a large backyard or room for a garage, this isn't it. If you value a newer house in a central location and don't need much outdoor space, it works.
4. What kind of ongoing costs or issues should I expect with a 2016 build versus a century home?
You'll likely pay less in immediate repairs and major system replacements, but you may face higher property taxes because of the higher assessed value. Insurance might be slightly lower than on a 1910 house. One less obvious point: newer homes in older neighbourhoods can sometimes have quirks related to zoning, lot lines, or shared driveways that came from building on an infill lot. Check how the property fits into existing neighbors' side yards and access.
5. How does this compare as a rental property in West Broadway?
Renters in the area often look for character, which older homes have, but they also appreciate modern finishes and lower utility bills. A newer unit can command a premium over a century build of similar size, even if the square footage is below the local average. The small yard is less of an issue for tenants. The main question is whether the assessed value and purchase price support a strong rental yield in a neighbourhood where average home values are significantly lower.