Key Characteristics & Profile
This 590-square-foot residence at 2-650 Westminster Avenue stands out for its generous size relative to immediate neighbours. On its street, it ranks 1st out of 8 properties—placing it in the top 13% locally, where the average unit is 554 square feet. The appeal is a sense of space within a compact footprint, offering more room than what's typical along the block.
That said, the property is smaller than the broader community and city averages. In West Broadway (average 653 sq ft) and Winnipeg overall (average 1,042 sq ft), this unit sits near or well below the middle. The building dates to 1914, making it the oldest on the street and significantly older than the neighbourhood average (1996). The assessed value of $130,000 is below both the community ($175,000) and city ($256,000) medians.
The property would appeal to buyers who prioritize location and neighbourhood character over square footage. Someone looking for a smaller, well-located home in an older, established area where they can benefit from lower entry costs and property taxes may find this suitable. It's less ideal for buyers expecting modern dimensions or resale comparability with newer stock.
Frequently Asked Questions
1. How does the property's age affect its maintenance outlook?
At 110 years old, this unit is among the oldest on the street but typical of pre-war character homes in older Winnipeg neighbourhoods. Structural, electrical, and plumbing systems may need more attention than newer builds, though the age suggests it has already undergone some level of upkeep to remain livable.
2. Is the assessed value of $130,000 reflective of market price?
Assessments are a starting point for property tax calculation, not a market valuation. This figure is below both the community and city averages, which may indicate a lower entry cost. However, market price will depend on condition, recent sales, and demand in the area.
3. Why is the unit smaller than the Winnipeg average but still ranked 1st on the street?
The average city-wide unit (1,042 sq ft) is nearly double this property. However, the immediate street consists of similarly compact units, so 590 sq ft leads that small group. For context, this is a dense, older urban block, not a suburban neighbourhood with larger layouts.
4. How does this property compare to newer developments in West Broadway?
The average construction year in West Broadway is 1996, making this unit over 80 years older. Newer developments in the area likely offer better insulation, modern floor plans, and updated systems. This property's appeal lies in its historic character and lower cost, not in matching modern standards.
5. What type of buyer typically looks at a property like this?
First-time buyers, downsizers, or investors seeking an affordable entry into a central, walkable neighbourhood. The smaller footprint and lower valuation suit those who value location and lower property taxes over space. It may also appeal to someone comfortable with an older home's quirks.