157 Furby Street — Property Summary
Key Characteristics & Buyer Profile
This is a 1906-built home with 1,640 sqft of living space on a 4,754 sqft lot in West Broadway, Winnipeg. The property ranks well above average for lot size both on its street (top 26%) and in the neighbourhood (top 26%), making the land a clear standout feature. The assessed value of $272k is above the street average of $238.5k but below the neighbourhood average of $295.4k, suggesting the home is priced competitively for what the area offers.
The appeal lies in the land-to-building ratio. You get a larger-than-usual yard in a central neighbourhood, which is uncommon for a home from this era. The living area is modest by modern standards, but the property’s age (top 20% oldest in the neighbourhood) may appeal to buyers interested in character homes or renovation potential. It would suit someone who values outdoor space over interior square footage, or a buyer looking to invest in a property with strong lot value in an established part of the city.
Frequently Asked Questions
1. How does the living space compare to similar homes nearby?
At 1,640 sqft, it’s slightly smaller than the street average of 1,808 sqft and significantly below the West Broadway average of 2,017 sqft. However, it’s above the citywide average for comparable homes (1,342 sqft), meaning it’s not small by broader standards—just modest for this neighbourhood.
2. Is the assessed value a fair reflection of the property’s worth?
The $272k assessment is above the street median ($238.5k) but below the neighbourhood median ($295.4k). This gap may reflect the smaller living area relative to nearby homes, or it could mean the lot and house are valued differently. It’s worth comparing to recent sale data rather than relying solely on assessment.
3. What condition should I expect from a 1906 home?
Properties from this era vary widely. Some have been updated; others retain original systems. The age ranking (top 20% in the neighbourhood) means it’s older than most nearby homes, so expect potential issues with foundations, wiring, or insulation. A thorough inspection is recommended.
4. How does the lot size compare citywide?
The 4,754 sqft lot is above average for the street and neighbourhood, but below the citywide average for comparable homes (6,570 sqft). In central Winnipeg, this is a generous lot, but it’s not oversized by suburban standards.
5. Who typically buys in West Broadway?
The area attracts a mix of long-term residents, young families, and investors. It’s close to downtown and the Exchange District, with a range of housing stock. Character homes on larger lots are less common here, so this property may appeal to someone looking for a project or a home with garden space in a central location.