250 Young Street

250 Young Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This 1,701 sq ft home on Young Street in West Broadway, Winnipeg, offers a solid living space that stands out within its immediate street but sits below the average for the wider neighbourhood. Built in 1902, the property is older than most homes citywide, which places it among the oldest 1% of residences in Winnipeg. Its assessed tax value of $301,000 is notably high for the street (top 8%) and close to the community average, though below the citywide median. The lot is 3,038 sq ft—average for the block but smaller than both the community and city benchmarks.

The appeal here is location and character. The home is part of a street where properties tend to be larger and more valuable than the city norm, suggesting a pocket of relative desirability. The age of the building may appeal to buyers looking for pre-war construction, original details, or a home with history. At the same time, the assessed value is reasonable compared to the broader market, which could indicate room for equity growth or renovation potential.

This property would suit a buyer who values being in a walkable, established central neighbourhood and is comfortable with an older home that may require updates or maintenance. It’s less suited for someone seeking a turnkey modern house or a large lot for expansion. An investor or first-time buyer with an eye for character and a tolerance for older systems might find this a strong candidate.

Five Frequently Asked Questions

1. How does the living space compare to similar homes?
At 1,701 sq ft, this home is larger than average for Young Street (1,393 sq ft) and the city overall (1,342 sq ft), but smaller than the West Broadway community average of 2,017 sq ft. So you’re getting a solidly above-average interior for the street and the city, but less than what’s typical in the broader neighbourhood.

2. What does the assessed value tell me about the property’s market position?
The assessed value of $301,000 is high for the street (top 8%) and close to the community average, but below the citywide median of $390,000. This suggests the home is one of the more valuable on its block relative to neighbours, but still moderately priced when compared across Winnipeg. It may reflect the home’s size and age relative to newer or larger properties elsewhere.

3. Is the property on a large or small lot?
The lot is 3,038 sq ft, which is essentially average for Young Street but smaller than both the West Broadway average (3,954 sq ft) and the city average (6,570 sq ft). If you’re looking for a deep yard or room for additions, this lot is compact by local standards.

4. Why is the home’s construction year ranked so low citywide?
Built in 1902, this home is among the oldest properties in Winnipeg, ranking in the bottom 1% citywide by construction year. While many homes on Young Street and in West Broadway also date from the early 1900s, the overall city average is 1966. Buyers should expect older wiring, plumbing, and possibly foundation considerations that come with a century-old structure.

5. Who would benefit most from buying this home?
This property is a good fit for someone who wants a central, walkable location and appreciates older architecture, but isn’t expecting a large lot or a move-in-ready modern home. It could also appeal to an investor or renovator looking to add value in a street where property values are above the city average but still within reach compared to newer builds.