Property Summary: 6-650 Westminster Avenue
Key Characteristics & Buyer Profile
This is a 590 sqft unit in a 1914 building on Westminster Avenue, in Winnipeg’s West Broadway area. Its standout feature is size within its immediate street context: it is the largest unit on the block, ranking 1st out of 8 homes (top 13%) and well above the street average of 554 sqft. However, this relative advantage fades at the neighbourhood level, where it sits near the middle (35th of 61, ranking 57th percentile), and disappears citywide, where it falls in the bottom 5% of all comparable properties.
The assessed value is $134,000—slightly above the street average of $128,000 but well below the neighbourhood ($175,000) and city ($256,000) averages. The building is from 1914, making it one of the oldest on the street (tied for 1st) but significantly older than most units in the broader West Broadway area and the city overall.
The property’s appeal lies in its affordability relative to the surrounding market. For a buyer who wants to live in a central, established neighbourhood without paying the higher prices typical of newer or larger units nearby, this offers a more accessible entry point. Its small footprint and older construction mean it would best suit someone who values location and lower cost over space or modern finishes—likely a first-time buyer, a downsizer, or an investor looking for a lower-budget rental within walking distance of amenities. The unit’s ranking data suggests it is a solid pick for its immediate block but not a standout within the wider community.
FAQs
1. How does this property compare to others on the same street?
It is the largest unit on Westminster Avenue among the eight comparable homes, and it’s priced slightly above the street average. In terms of age, it matches the street’s oldest building year (1914), which is typical for this block.
2. Why is the assessed value so much lower than the city average?
The value reflects the unit’s smaller size (590 sqft vs. the city average of 1,042 sqft) and its older construction date. Properties with less square footage and older systems tend to appraise lower, which keeps the purchase price and property taxes more manageable.
3. How old is the building, and is that a concern?
The building was constructed in 1914. While it is one of the oldest on the street, many units in West Broadway are older, and this is not unusual for central Winnipeg. Buyers should budget for potential maintenance related to aging infrastructure (plumbing, electrical, windows), but the unit’s ranking among its street peers shows it holds up well in that context.
4. What type of buyer typically chooses a home like this?
Someone who prioritizes location and affordability over size or modern aesthetics. It suits first-time buyers looking for a lower-cost entry into a central neighbourhood, empty nesters downsizing from larger homes, or investors seeking a lower-priced rental with reasonable street-level comparables.
5. How reliable are these rankings and comparisons?
The data is based on comparable properties within the same street, neighbourhood, and city, using median or average figures. Rankings are useful for relative context but do not account for unique features like renovations, layout, or condition. For a more detailed comparison, the “surrounding map analysis” feature on the property page offers a block-by-block visual breakdown.