260 Balmoral Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,477 sqft home built in 1902 on a 2,996 sqft lot in Winnipeg’s West Broadway neighbourhood. Its assessed value is $175,000.

What stands out here is not size or value, but timing. The house is older than almost everything else in the city (top 1% citywide by year built), but it sits on a street and in a neighbourhood where older homes are the norm—so it blends in locally while being historically early by broader standards. The living area is below average for its street and neighbourhood, but actually around average for the city as a whole. That means this property is smaller than most nearby houses, but not unusually small for Winnipeg. The assessed value is low across all comparisons, reflecting both the modest size and the area’s market.

The appeal lies in affordability and character. For a buyer who wants an older home with original bones in a central neighbourhood, this offers a price point well below city averages. It would suit someone comfortable with a smaller footprint and an older property—likely a first-time buyer, someone looking to renovate, or an investor prioritizing location over square footage. It is not the right fit for anyone seeking a large lot, modern construction, or move-in-ready finishes without work.

Frequently Asked Questions

1. How does the living area compare to typical homes in West Broadway?
It’s below average. The neighbourhood average for comparable homes is about 2,017 sqft, so this property is roughly 27% smaller. Citywide, however, it sits right around the median.

2. Why is the assessed value so low relative to the city?
The combination of a smaller living area, a modest lot size (2,996 sqft versus the citywide average of 6,570 sqft), and the age of the building all contribute. The home ranks in the bottom 5% citywide by assessed value, which largely reflects its compact size and older condition rather than any specific defect.

3. Is the age of the house a concern?
The house was built in 1902, which puts it in the oldest 1% of properties across Winnipeg. That said, it’s around average for its own street (where most homes date to the early 1900s). Older homes can have issues with foundations, wiring, and insulation, but they also often feature solid materials and craftsmanship not found in newer builds. A thorough inspection is strongly recommended.

4. How much land does the property include, and is that typical?
The lot is 2,996 sqft. That’s smaller than the street and neighbourhood averages (roughly 3,900 sqft) and well below the city average of about 6,570 sqft. For the West Broadway area, this lot size is not unusual, but it limits options for expansion or major landscaping.

5. Who typically buys a property like this?
Buyers here are often people who value central location and older character over space and modern finishes. First-time buyers priced out of larger or newer homes, small-scale investors looking for a lower entry point in a central neighbourhood, or renovators comfortable taking on an older property are the most common profiles. It rarely appeals to families needing large interiors or yards.