216 Young Street – Property Summary
Key Characteristics & Buyer Profile
This 1,611 sqft home sits on a 3,038 sqft lot in Winnipeg's West Broadway neighbourhood. Built in 1902, it's one of the older properties citywide—ranking in the bottom 1% by year built—but its living space is actually above average compared to the rest of Winnipeg (top 25%). The assessed value of $158,000 is well below both the neighbourhood average ($295,400) and the citywide average ($390,100), ranking in the bottom 4% citywide.
Where the appeal lies: The property offers more interior space than most Winnipeg homes for a significantly lower assessed value. The trade-off is clear: you're getting a house that's old, on a modest lot, in a neighbourhood where values are lower. This isn't a flashy investment—it's a practical option for someone who values square footage over prestige. The street-level numbers are mostly average, meaning this isn't an outlier on its own block; it blends in.
Who it suits: Buyers who are comfortable with an older home and want to maximize living area without paying a premium. Could work well for someone looking to renovate gradually, or for an owner-occupier who doesn't need a large yard and is willing to be in a neighbourhood that hasn't yet seen significant price appreciation. Less suited to buyers seeking move-in-ready condition, high resale potential in the short term, or a large lot.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It's below average on Young Street, well below the West Broadway average, and very low citywide. The property ranks 76th out of 107 homes on its own street for value, and 338th out of 348 in the broader neighbourhood. You're paying significantly less than most surrounding properties.
2. Is the living area unusually large for this type of home?
On Young Street it's around average, but citywide it's in the top 25%—larger than most Winnipeg homes. However, in West Broadway specifically, the average home is actually bigger (2,017 sqft), so this house is on the smaller side for the immediate area.
3. What should I know about a house built in 1902?
It's older than 99% of homes in Winnipeg. That likely means original construction details (thick plaster walls, solid wood framing), but also potential issues with outdated wiring, plumbing, insulation, and foundation work. Citywide rankings put it in the bottom tier for age, so expect systems that may need updating.
4. How does the lot size affect usability?
At 3,038 sqft, the lot is average for Young Street but small by city standards (bottom 13%). West Broadway lots average nearly 4,000 sqft, so you're below that too. This is a compact urban lot—fine for a single-family home with a small yard, but not ideal if you want a large garden, garage, or future subdivision potential.
5. What does "Top X%" really mean in the rankings?
The ranking system compares this property to "comparable homes" within each scope (street, neighbourhood, city). A top 25% citywide rank for living area means it outperforms roughly 75% of similar homes across Winnipeg. For assessed value, a top 96% rank means it underperforms 96% of them—i.e., the value is very low. The bar fill shows how many peers you beat; longer fill equals better rank.