Here is a clean, natural write-up for the property at 24 Langside Street, organized into the two requested sections.
About This Property
Key Characteristics & Who It’s For
This is a 1906 home with 2,274 square feet of living space on a 3,275-square-foot lot. What stands out here isn’t just the size—it’s the value gap. On its own street, this property ranks in the top 7% for living area and the top 3% for assessed value. Yet, relative to the city as a whole, its assessed value is only around average. That means you’re getting a home that is significantly larger and more valuable than its immediate neighbors, without paying a citywide premium.
The appeal lies in the inconsistency. The lot is generous for the street (top 12%) but small by city standards. The home is old—built in 1906—which places it in the bottom 2% of Winnipeg homes by age. That age brings character, but it also means a buyer should be comfortable with the maintenance that comes with a pre-war house. The neighborhood (West Broadway) is mixed, with an average home value around $295k, so this property is a standout there.
This would suit a buyer who values space over a turnkey finish, and who sees potential in a home that is already above-average for its area but not yet “priced in” at the city level. It’s a good fit for someone who wants a larger home in a central location without paying top dollar for a fully modernized property. Not ideal for someone seeking a low-maintenance, newer build or a sprawling suburban lot.
Frequently Asked Questions
1. Is the assessed value of $431k a good deal compared to similar homes nearby?
On its street, yes. The street average is $225k, so this home is valued at nearly double that—but it’s also much larger. In the neighborhood, it’s above average ($295k) but still reasonable for its size. Citywide, $431k is right around average for comparable homes, so you’re not overpaying for the location.
2. What does “Taon ng Paggawa” mean, and why is 1906 a concern?
It’s the year built. 1906 is very old by Winnipeg standards (top 98% oldest). That means you’re likely dealing with an older foundation, possibly knob-and-tube wiring, and less insulation. The upside is that older homes in this area often have solid wood framing, high ceilings, and character details that newer builds lack.
3. How does the lot size compare to other homes in the area?
The lot is 3,275 sqft. That’s above average for the street itself (top 12%), but below average for the neighborhood and well below the citywide average of 6,570 sqft. If a large yard is a priority, this isn’t it—but for a central urban property, it’s a decent size.
4. What is the neighborhood like in terms of property values?
West Broadway is a diverse, central neighborhood. The average assessed value here is $295k, which is moderate for Winnipeg. This property is a clear outlier at $431k, so you’d likely have the most expensive home on the block. That can be a strength or a weakness depending on how the area develops.
5. What does the ranking data actually tell me about this home’s investment potential?
It shows that this property already outperforms its immediate surroundings in size and value, but has room to grow to meet citywide averages. The biggest risk is the age of the home—older properties often require more capital. But if you can manage the maintenance, the location and living area give it solid long-term potential in a market where larger central homes are relatively rare.