Key Characteristics & Buyer Profile
This is a 1914-built unit at 5-650 Westminster Avenue, with 590 square feet of living space and a tax-assessed value of $135,000. Its strongest feature is size: within its immediate street (8 properties), it ranks 1st, sitting well above the local average of 554 square feet. In the broader West Broadway area, it lands near the middle, and city-wide it’s on the smaller side—falling in the 95th percentile for compactness. The assessment is similarly localized: above average on the street but below both the neighbourhood and city medians. The building date is among the oldest on the street, and significantly older than most properties in West Broadway and Winnipeg as a whole.
The appeal here is a mix of relative space and historic character at a below-market tax valuation, particularly when compared to newer or larger units nearby. This isn’t a flashy or oversized home, but it offers one of the roomier floor plans on its block, likely with original details from the era. It would suit a buyer who values a well-proportioned older unit in a central neighbourhood, appreciates the quirks of a pre-war build, and is less concerned with modern square footage norms or brand-new finishes. Good for someone wanting more elbow room than typical condos of this vintage, without paying a premium for a newer or larger unit.
Five Frequently Asked Questions
1. How does the size actually feel compared to other units nearby?
On its street, this is the largest property among 8 similar homes, so the 590 sqft will feel generous relative to immediate neighbours. But in West Broadway, it’s right around average, and city-wide it’s small. The “largest on the block” dynamic may matter more day-to-day than city rankings.
2. Is the low tax assessment a warning sign?
Not necessarily—it reflects the property’s age and smaller footprint. The assessed value of $135,000 is below the neighbourhood average of $175,000 and well below the city average of $256,000. That can mean lower property taxes, but it’s worth confirming the assessment aligns with recent sale comparables.
3. What does the 1914 build date mean practically?
You’re buying into a building that’s over 110 years old, which likely means solid construction but older systems (plumbing, electrical, insulation). It’s the oldest on its street and much older than most in the area. Expect maintenance quirks and possibly limited updates. A good home inspection is essential.
4. Is this a good fit for an investor or an owner-occupant?
Probably better for an owner-occupant who values character, location, and a slightly larger layout over turnkey condition. The low assessment and older age may limit appreciation potential compared to newer builds, but the below-market entry cost and central location could appeal to a long-term holder.
5. How does this property compare to others in West Broadway overall?
It’s a standout on its street, but average in size and below average in age and assessed value for the wider neighbourhood. That means it may feel like a good deal locally but won’t compete with newer or larger units in the area. Worth seeing in person to judge condition and layout.