This property stands out most for its exceptionally large lot. At 6,152 square feet, the land is in the top 1% on its street and the top 2% in the West Broadway neighbourhood—nearly double the local average. The house itself offers 2,109 square feet of living space, which is above average for its street and falls in the top 8% citywide. Built in 1913, it is older than most homes in Winnipeg (average build year is 1966), but it’s consistent with the character of its immediate street and neighbourhood, where many homes date from the 1910s.
Its assessed value is $220,000, which is notably below both the neighbourhood average ($295,000) and the citywide average ($390,000). This combination of a large site and relatively low assessed value may reflect the home’s age and the potential for renovation or redevelopment.
The appeal is twofold. For someone seeking a character home with generous indoor and outdoor space in an established central neighbourhood, this offers a rare lot size at a below-average price point. For a developer or investor, the land-to-value ratio is the key draw: buying a large lot in a dense area at a lower assessment suggests underlying land value that may not yet be fully reflected in the price. The property would suit buyers who value space and are comfortable with an older home—or who see potential in the land itself.
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How does the lot size compare to others in the area?
The lot is 6,152 sq. ft., ranking 2nd out of 179 homes on Maryland Street (top 1%) and 7th out of 348 homes in West Broadway (top 2%). It’s well above both street and neighbourhood averages.
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Is the assessed value low because the house needs work?
The assessed value of $220,000 is below neighbourhood and city averages, which is somewhat unusual for a home with above-average living space and a top-tier lot. While we don’t have a condition report here, the combination of older construction (1913) and lower valuation often signals that the home may not be fully updated. It’s worth verifying the condition of major systems.
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How does the home’s age affect its practicality?
Built in 1913, the home is older than 90% of homes citywide, but it’s typical for this part of West Broadway. Older homes often have solid construction and character details, but may also require updates to insulation, wiring, plumbing, and foundations. Buyers should budget for potential maintenance.
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Is this property suitable for a renovation or rebuild?
Possibly. The land is large and competitively priced relative to the neighbourhood, which could make it attractive for a renovation, addition, or even a teardown if zoning permits. The current assessed value gives some room for investment. Buyers should check local zoning and heritage restrictions before planning major changes.
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What type of buyer would get the most value here?
Someone who values space over turnkey condition, or who sees the land as the primary asset. It could suit a family wanting a big yard and room to renovate gradually, or an investor looking for a property with strong land value in a central location. It’s less suited to someone seeking a move-in-ready home with modern finishes.