251 Young Street – Property Summary

Key Characteristics & Suitability

This is a 1,514 sqft home built in 1893 on a 2,999 sqft lot in the West Broadway area of Winnipeg. Its assessed value is $234,000.

The property’s main appeal lies in its living space. While the home is smaller than the West Broadway average (2,017 sqft), it is larger than both the street average (1,393 sqft) and the citywide average (1,342 sqft). In other words, you get above-average interior space for Winnipeg as a whole, but in a neighbourhood where many homes are considerably larger.

The lot is compact. It sits slightly below the street average and well below the citywide median, which means outdoor space is limited for this price point. The building is old, even by local standards—older than most homes on the street, in the neighbourhood, and in the city. That will likely mean ongoing maintenance and upkeep.

This property would suit a buyer who values location over land, and who is comfortable with an older home. It may appeal to someone looking for a more affordable entry into a central neighbourhood, or a buyer who prioritizes interior square footage within a modest footprint. It is less suited to anyone wanting a large yard, a turnkey modern build, or a home that blends in with newer infill housing nearby.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value of $234,000 is above the street average ($202,000) but well below the neighbourhood average ($295,000) and the citywide average ($390,000). This suggests it is one of the more affordable options within West Broadway, though slightly above the immediate street norm.

2. Is this considered a small house?
Not by city standards. Its 1,514 sqft places it in the top 30% citywide. Within the West Broadway area, however, it is smaller than average—many neighbouring homes are around 2,000 sqft. So it depends on the frame of reference.

3. What should I know about a home built in 1893?
This is an old house, even for a historic neighbourhood. It ranks in the oldest 2% within West Broadway and the oldest 10% on its own street. Expect older systems, potential for unrenovated areas, and possible challenges with insulation, wiring, or foundation work. A thorough inspection is strongly recommended.

4. How much outdoor space does it have?
The lot is 2,999 sqft. That is close to the street average but smaller than the neighbourhood and city averages. If a large yard or garden is important, this property may feel tight. For someone who prefers low-maintenance outdoor space, it could be a good fit.

5. Who typically buys in this area?
West Broadway attracts a mix of buyers—young professionals, investors, and long-term residents drawn to the central location and older character homes. This property, with its above-average interior size but below-average land and age, may appeal most to those looking for space indoors without paying a premium for a large lot or a newer finish.