256 Young Street – Property Summary
Key Characteristics & Buyer Profile
This 1902-built home offers 2,013 sq. ft. of living space on a 3,038 sq. ft. lot. Its standout feature is living area: it ranks in the top 7% on Young Street and the top 11% citywide, meaning buyers get more interior space than most comparable homes in Winnipeg. The assessed value of $243,000 is above average for the street (top 27%) but below the neighbourhood and city averages—reflecting a mix of older construction and a lot size that’s modest by local standards. The lot is around average for the street but smaller than what’s typical in West Broadway and the wider city.
The appeal lies in the trade-off: a roomy interior at a below-typical assessment for the area, on a street where similar homes tend to be smaller. This makes sense for buyers who prioritize square footage over lot size or a newer build. It would suit someone looking for a character home (1902 era) with generous living space in a central Winnipeg neighbourhood, where the home’s value relative to its size could offer a practical entry point—especially for those not needing a large yard or a property that ranks high on condition or modernity. The street-level ranking for lot size and year built is average, so no surprises there.
Five Possible FAQs
1. How does the living area compare to nearby homes?
It’s well above average for the street (top 7%) and citywide (top 11%). In the neighbourhood itself, it sits around the middle (top 49%), so it’s not unusually large for West Broadway, but it is for this specific street.
2. Why is the assessed value lower than the neighbourhood average?
The property’s $243k assessment is below West Broadway’s average of $295.4k. Likely reasons: the lot is smaller than neighborhood norms, the home is older (1902 compared to a neighborhood average of 1910), and assessments reflect a mix of size, age, condition, and location. The value is competitive relative to the street, but not relative to the broader area.
3. The lot seems small. Is that common on this street?
Lot sizes on Young Street range widely, but your 3,038 sq. ft. lot ranks exactly at the midpoint (top 50%). So it’s typical for the street, though smaller than the neighborhood average of 3,954 sq. ft. and the citywide average of 6,570 sq. ft.
4. What does the year built (1902) mean for maintenance or character?
Homes from 1902 are older than 99% of properties citywide, which may mean original character features but also potential for older systems (plumbing, electrical, foundation). The street and neighbourhood both have a mix of build years, so this is not unusual for the area. A home inspection would be the best way to understand its current condition.
5. How should I interpret the "top %" rankings in the data?
These rankings compare your property to similar homes in its category. A lower percentage means a better rank—e.g., top 7% on the street means only 7% of comparable homes have more living area. For assessed value, "higher value = better rank" means the top-ranked homes cost the most. So being top 27% on the street (value) is strong locally, but top 84% citywide means many Winnipeg homes are assessed higher.