228 Balmoral Street – Property Summary
Key Characteristics & Buyer Profile
This 1901 home offers 2,140 square feet of living space on a 2,988-square-foot lot. Where it stands out is size: it ranks in the top 8% city-wide for living area, well above Winnipeg’s typical home. The assessed value of $355,000 sits above the street and neighbourhood averages, but is close to the city-wide median—meaning you’re getting significantly more interior space for a price that’s not unusual for the city overall.
The trade-off is on land. The lot is smaller than most on the street and in the neighbourhood, and the house is one of the older properties in the area (built in 1901, placing it in the oldest 1% city-wide). This combination of generous interior space on a compact lot, with a century-old structure, will appeal most to buyers who prioritize square footage and location over a large yard or modern construction. It suits someone looking for a character home in West Broadway with room to spread out, and who is comfortable with the maintenance realities of an older house. The relatively modest assessed value for the size also suggests potential value if interior updates increase the home’s desirability.
Five Possible FAQs
1. How does the living area compare to other homes nearby?
It’s larger than average. On Balmoral Street, it ranks #32 out of 79 homes (top 41%). In the West Broadway neighbourhood, it’s #130 out of 348 (top 37%). City-wide, it’s in the top 8%, with nearly 800 square feet more than the typical comparable home.
2. The assessed value seems high for the street but average for the city—why?
On Balmoral Street, the average assessed value is around $263,600, so this home is above that. But city-wide, the median for comparable properties is about $390,000, so $355,000 is actually below the city average. This suggests the street and neighbourhood have lower overall values compared to Winnipeg as a whole, making this home a relatively strong value within its immediate area.
3. The house was built in 1901—what should I know about its age?
It’s among the older homes in West Broadway and definitely one of the oldest city-wide (top 99% for age). Older homes often have solid framing and character details, but you should expect older systems (electrical, plumbing, heating) and possible maintenance around the foundation or roof. An inspection focused on structural and mechanical condition would be worthwhile.
4. The lot is 2,988 sqft—is that small for the area?
Yes. It’s below average on the street (average 3,934 sqft) and in the neighbourhood (average 3,954 sqft). City-wide, many lots are over 6,500 sqft. If you want a large yard or room for additions, this property may feel tight. But if you’re looking for a bigger house on a manageable lot with less upkeep, it’s a practical fit.
5. How does this home compare to others in terms of overall value?
It’s a property where you’re paying for interior space, not land or a new build. The assessed value per square foot of living area works out to roughly $166—reasonable for an older home in a central neighbourhood. It’s not a fixer-upper bargain, but it’s not priced for its modern finishes either. The value lies in the rarity of a 2,140 sqft home in West Broadway at a mid-range city price point.