265 Furby Street – Property Summary
Key Characteristics & Buyer Profile
This property stands out most for its living space and lot size. At 2,618 square feet, it ranks in the top 2% citywide and well above average on its street and in the West Broadway neighbourhood. The lot is 5,706 square feet—also well above the local norm, though closer to average for Winnipeg overall. The assessed value of $270,000 is high for the street but sits near the middle of the neighbourhood and well below the city average, which points to a relatively low tax burden given the size of the home. The house was built in 1902, making it older than most on the street and in the city—worth noting for anyone considering maintenance costs or renovation potential.
The appeal here is the combination of generous indoor and outdoor space that doesn’t come with an inflated assessment. For buyers who want a large home on a sizable lot without paying top-of-market taxes, this property offers a practical value proposition. It would suit someone looking for a project or a long-term home with room to grow—families, multigenerational households, or buyers interested in restoring a character property. The age of the building suggests careful inspection is needed, but the size and lot alone make it worth a close look.
Frequently Asked Questions
1. How does the property’s size compare to others nearby?
The home is significantly larger than most on Furby Street, where the average living area is about 1,808 square feet. It’s also well above the West Broadway average of around 2,017 square feet. Citywide, it’s in the top 2% for living space.
2. Why is the assessed value lower than the city average despite the size?
Assessed values reflect a range of factors, not just square footage—location, condition, and neighbourhood trends all play a role. This property is assessed at $270,000, which is below Winnipeg’s citywide average of $390,000, likely due to its older construction and the specific market conditions in West Broadway.
3. What should I know about the 1902 construction date?
Homes built in that era can have solid bones but also come with older systems (plumbing, electrical, insulation) that may need updating. It’s worth budgeting for a thorough home inspection and possibly specialized coverage for older buildings. That said, many buyers in this area appreciate the character and craftsmanship of early 1900s homes.
4. How does the lot size compare to other homes in Winnipeg?
At 5,706 square feet, the lot is well above average for the street and neighbourhood—both of which average around 3,950 square feet. Citywide, it’s slightly below the average of 6,570 square feet, but still offers a generous outdoor space by local standards.
5. Is the property suitable for renovation or expansion?
The lot size and living area already provide substantial space, but potential buyers should check zoning rules and any heritage or neighbourhood restrictions that could affect renovations. Given its age and tax assessment, there’s likely room to add value through updates, especially if the home’s condition is original or dated in certain areas.