230 Young Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1902-built home with 1,466 sq ft of living space on a 3,038 sq ft lot, located in West Broadway. Its strongest point is its assessed value relative to its own street: it ranks in the top 13% on Young Street, with a tax assessment of $289,000—well above the street average of $202,000. That suggests the property holds its value better than its immediate neighbours. Within the broader West Broadway area, the assessment is average, and city-wide it sits below the norm, which makes sense for an older home in a central neighbourhood.
The living space is average for Young Street and the city, but notably smaller than typical West Broadway homes (which average over 2,000 sq ft). The lot is similarly modest—close to the street average but smaller than both the community and city averages. The building itself is older than almost anything else in Winnipeg (top 1% for age), so upkeep and character are baked into the equation.
Appeal: This property will appeal to buyers who value location over size, and who are comfortable with an older home that needs ongoing care. It’s not a house for someone expecting a turnkey, low-maintenance property. The strong street-level assessment suggests the home has been well maintained or updated in ways that matter for resale. Buyers who want a foothold in a central neighbourhood with character, without paying for a large home or yard, will find this a practical fit. It would also suit investors or renovators who see potential in an older structure that already holds its value locally.
Who it suits: First-time buyers wanting a manageable footprint in an established area; downsizers who want closer access to downtown amenities; buyers who appreciate pre-war construction and are prepared for the maintenance that comes with it.
Five Frequently Asked Questions
1. How does the size of this home compare to others nearby?
The 1,466 sq ft living area is right in line with the average on Young Street (1,393 sq ft) and slightly above the city average (1,342 sq ft). However, it’s significantly smaller than the West Broadway community average of 2,017 sq ft. This means the home is typical for its immediate street but compact compared to the broader neighbourhood.
2. Is the property overpriced for its age and condition?
The assessed value of $289,000 is notably high for its street—ranking in the top 13%—which suggests it’s not undervalued relative to neighbours. But the assessment is average for West Broadway and below the city average. That’s consistent with an older home in a central area. The key question isn’t the list price, but what condition the interior is in, since assessments don’t account for cosmetic details.
3. What should I expect in terms of maintenance with a 1902 build?
A house built before 1910 is almost always a character property with solid bones (often post-and-beam or balloon framing), but it will have older systems unless they’ve been updated. Expect potential challenges with insulation, electrical capacity, plumbing, and foundation settlement. Given that the property is older than 99% of homes city-wide, a thorough inspection is essential. It’s not a fixer-upper by default, but it’s not a modern build by any means.
4. How does the lot size impact usability?
At 3,038 sq ft, the lot is typical for Young Street but smaller than most in West Broadway and the city. That means limited yard space, which could be a plus for low-maintenance living, but a drawback if you want a large garden, garage, or room for expansion. It’s a city lot, not a suburban one.
5. Why does the property rank so differently by street versus by community?
The home looks strong on Young Street because its assessment and size are above or near the street average. But West Broadway as a whole has larger homes and bigger lots, so the same property falls below the community average. This is common in older central neighbourhoods where streets vary in character. The takeaway: this home is positioned well within its immediate block, but the broader area is more upscale in terms of square footage.