Key Characteristics & Buyer Profile
This is a 1906 home with 2,290 square feet of living space and a 5,839-square-foot lot, located on Balmoral Street in Winnipeg’s West Broadway area.
What stands out is the size. It’s in the top 5% city-wide for living area—significantly larger than the typical Winnipeg home (1,342 sq ft average). The lot is also generous for the street and neighbourhood, ranking in the top 10% locally, though it’s closer to the city-wide average for land. The assessed value ($458,000) is well above the street and neighbourhood averages but sits below the top tier city-wide (top 27%). That suggests the home carries a premium for its size and location, but not an extreme one relative to the broader market.
Its age (1906) puts it among the older homes on the street and in the neighbourhood, which is expected in this area. City-wide, it’s in the oldest 2% of properties. That’s not a flaw—it’s a defining characteristic of the area’s housing stock—but it does mean maintenance and updates should be top of mind.
The appeal is straightforward: you get a lot of house on a good-sized lot in a central neighbourhood, without paying top-tier city-wide prices. The trade-off is an older building that will likely need ongoing attention. This would suit buyers who value space and character, are comfortable with an older home’s quirks, and want to be in a central, established neighbourhood. It’s less suited for someone looking for a low-maintenance, move-in-ready newer build, or for a buyer primarily interested in a high-end investment property.
Frequently Asked Questions
1. How does the property’s size compare to other homes in the area?
It’s larger than most. On Balmoral Street, it’s in the top third for living area, and in West Broadway, it’s in the top quarter. City-wide, it’s in the top 5%—so it’s genuinely spacious by Winnipeg standards.
2. What does the assessed value of $458,000 tell me?
It’s above the street and neighbourhood averages by a significant margin (street average is $264,000; neighbourhood average is $295,000), but it’s still only in the top 27% city-wide. That means the property is valued highly for its specific location and size, but it’s not at the top of the market for Winnipeg overall.
3. Is the home’s age a concern?
It’s from 1906, so it’s one of the older homes in the city. That’s common for the West Broadway area. The main thing is to factor in the likely need for updates to systems (electrical, plumbing, insulation) and ongoing maintenance. An inspection is essential.
4. How big is the lot, and is that typical?
5,839 square feet, which is above average for the street (3,934 sq ft) and the neighbourhood (3,954 sq ft). City-wide, it’s slightly below average (6,570 sq ft). So you’ve got a larger-than-local lot, but it’s not unusually large for Winnipeg overall.
5. What kind of buyer does this property suit best?
Someone who wants a large, older home with character in a central location, and who is prepared for the maintenance that comes with a house built in 1906. It’s less of a fit for someone seeking a newer, low-maintenance property or a top-tier luxury purchase.