Here is a clean, standalone summary of 98 Balmoral Street, written for direct display.
Key Characteristics & Buyer Profile
This property is a 1904 home in Winnipeg’s West Broadway area with 2,974 square feet of living space on a 5,919-square-foot lot. Its most striking feature is the size: it ranks in the top 1% city-wide for living area and the top 5% on its street for land area. The assessed value of $522,000 is also elite for both the street (top 4%) and the neighborhood (top 3%), though it drops to merely above average city-wide—a reminder that this home’s value is somewhat tied to its specific, older pocket of the city rather than to the broader Winnipeg market.
The appeal lies in the rare combination of a large footprint and generous lot size within an established, older neighborhood. Many homes of this vintage in central Winnipeg sit on smaller plots or have been subdivided. This one feels like a holdout from a different era of development. It would suit a buyer who values interior space and outdoor room over modern finishes or a turnkey move-in. Given the 1904 build date and its position in the bottom 1% city-wide for age, this is a property for someone comfortable with the quirks and upkeep of a century home—likely an owner-occupier looking to restore or update, or a buyer who wants a central location with physical scale that newer infill builds rarely offer.
Frequently Asked Questions
1. How does the assessed value compare to similar homes on the street?
The home’s assessed value of $522,000 is nearly double the street average of $263,600, ranking it 3rd out of 79 homes. This suggests it’s one of the most substantial properties on Balmoral Street in terms of market valuation, not just size.
2. Is the 1904 build date a concern?
It depends on your perspective. The home is older than most on its street and in its neighborhood, but in a neighborhood of pre-war homes, that’s less unusual. City-wide, it’s in the oldest 1% of homes, so systems (plumbing, electrical, foundation) may be original or require significant attention. The ranking implies this is a home for someone who values character and is prepared for ongoing maintenance.
3. How does the lot size compare to the city average?
The lot is 5,919 square feet, which is larger than the neighborhood average but smaller than the city-wide average for comparable homes (6,570 sqft). This is typical for an older urban area—you get more land than neighbors nearby, but you trade off against newer suburban lots, which tend to be bigger on average.
4. Why is the home ranked "Elite" on its street but only "Above Average" city-wide for value?
The home’s value is very high relative to its immediate surroundings (top 3% in the neighborhood), but Winnipeg’s city-wide market includes many newer, larger homes in outlying areas with higher absolute assessed values. This means the property is a standout in its own area but not a top-tier asset across the entire city.
5. Who is this property not a good fit for?
It’s likely not ideal for someone seeking a low-maintenance, recently renovated home in a quiet suburban setting. The combination of an older build, large interior, and a central urban location suggests a buyer who either has renovation experience or is willing to invest time and money into a property that has room to be shaped rather than one that’s already finished.