134 Spence Street – Property Summary
Key Characteristics & Buyer Profile
This 1,440 sqft home, built in 1902, sits on a 4,021 sqft lot in Winnipeg’s West Broadway neighbourhood. Its assessed value is $269,000.
On the street and neighbourhood level, the living area is smaller than average (ranking in the bottom 13% on Spence Street and in West Broadway), but it’s actually around average citywide—many comparable Winnipeg homes are even more compact. The lot size is fairly typical for the street and neighbourhood but well below the city average, reflecting West Broadway’s denser, older urban character.
The assessed value is near average for the street, slightly below the neighbourhood average, and notably below the citywide average. The age of the home is typical for the area—most surrounding houses date from around 1909 to 1910—making it one of the older homes in the city overall.
The appeal here is less about standout size or value and more about relative affordability within a central, established neighbourhood. For a buyer who values location and older character over square footage or a newer build, this property offers a way into a walkable area without paying a premium. It suits someone looking for a smaller, older home on a standard city lot—likely a first-time buyer, an investor targeting the rental market, or someone who prioritizes neighbourhood feel over interior space.
Five Possible FAQs
1. How does this property compare to others in West Broadway?
The living area and lot size are slightly below the neighbourhood averages, but not drastically so. The assessed value is about $26,000 less than the West Broadway average, which keeps it on the more affordable end for the area.
2. Is the 1902 build date a concern?
Homes from that era are common on Spence Street and in West Broadway. While maintenance and updates should be expected (especially for mechanicals, windows, and insulation), the age itself is not unusual for the neighbourhood. The home is older than the citywide average by about 64 years, so it’s worth a thorough inspection.
3. Why is the citywide ranking for assessed value so low?
The home is valued at $269,000, while the citywide average for comparable homes is about $390,000. This reflects both the smaller living area and the fact that West Broadway has lower property values than many newer or more suburban parts of Winnipeg.
4. What does “around average” really mean for the lot size here?
On Spence Street and in West Broadway, a 4,021 sqft lot is typical—most similar homes have lots close to 4,000 sqft. Citywide, however, the average is much larger at 6,570 sqft, so if you’re comparing to newer subdivisions, this lot feels compact.
5. Who would you recommend this property to?
It fits someone who wants to be in a central, older neighbourhood like West Broadway, doesn’t need a large home or yard, and is comfortable with a century-old structure. It’s less ideal for someone seeking a move-in-ready, spacious family home or a large lot for development.