183 Balmoral Street – Property Summary
Key Characteristics & Buyer Profile
This 1,931 sq ft home, built in 1902, sits on a 3,191 sq ft lot in Winnipeg’s West Broadway neighbourhood. Its living area stands out citywide, ranking in the top 13 percent across Winnipeg – notably larger than the typical city home, which averages 1,342 sq ft. On the street and in the neighbourhood, the size is more average, falling around the middle of the pack.
The assessed value of $307,000 is slightly above the street and neighbourhood averages but modest compared to the broader city, where the typical comparable home is valued at $390,100. The property is older than most homes citywide (top 99 percent for age), but consistent with the vintage of other houses on Balmoral Street and in West Broadway.
The appeal here is practical. Buyers get a genuinely spacious interior for a price that undercuts much of the Winnipeg market. The land area is on the smaller side, even by local standards, which suggests the emphasis is on living space rather than yard. This would suit someone who values interior square footage over outdoor lot size – perhaps a buyer looking for room to spread out, a small family, or someone wanting a character home in an established central neighbourhood without paying a premium for extra land. It may also appeal to those who appreciate older construction and the denser, more walkable feel of West Broadway, rather than sprawling suburban lots.
Five Possible FAQs
1. How does the assessed value compare to similar homes in the area?
The assessed value of $307,000 is above the street average ($263,600) and neighbourhood average ($295,400), but below the citywide average for comparable homes ($390,100). This suggests the property is priced competitively for its size, especially relative to newer or larger-lot homes elsewhere in Winnipeg.
2. Is the living area considered large for a home this age?
Yes, by city standards. While 1,931 sq ft is roughly average for West Broadway and Balmoral Street, it is significantly larger than the typical Winnipeg home of any era. The top-13-percent citywide ranking reflects that this is a roomier property than most, despite being from 1902.
3. Why is the land area so much smaller than the city average?
The lot is 3,191 sq ft, compared to the Winnipeg average of 6,570 sq ft. This is typical for older, centrally located homes where lots were subdivided more tightly. The trade-off is a more compact footprint with less outdoor maintenance, but less space for gardens, expansions, or off-street parking.
4. Is an older home like this likely to need more maintenance?
Homes built in 1902 are often solidly constructed but may have older systems (plumbing, electrical, insulation). The ranking shows this is one of the oldest homes in the city, so buyers should budget for updates and ongoing upkeep. That said, being in a neighbourhood with many similar-era homes means local contractors and services familiar with older buildings are more common.
5. What makes this property a good value compared to others in the city?
The combination of a large interior (top 13 percent citywide) and a below-average assessed value ($307,000 vs. $390,100 city average) means you’re getting more indoor space for less money than most Winnipeg homes. The trade-offs are a smaller lot, an older structure, and a location in a denser, inner-city area rather than a newer suburb.