272 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,082 sqft home built in 1894 on a 3,481 sqft lot, located in Winnipeg’s William Whyte neighbourhood. Its assessed value is $151,000.
The property sits in a middle ground on several fronts. Living area is slightly above the street average but below the citywide average—it's a modestly sized home that won't feel cramped, but isn't spacious by modern standards. The land area is noticeably smaller than the city average, though comparable to other lots in the immediate neighbourhood. The assessed value is well below the street and city averages, which reflects both the age of the home and the general price range of the area.
Where this property really stands out is its age. Built in 1894, it's among the older homes on the street, in the neighbourhood, and in the city. That can mean original character (high ceilings, solid older framing, potentially unique trim or layout) but also likely means older systems, possible knob-and-tube wiring, and maintenance that comes with a 130-year-old structure. The low assessed value relative to the city suggests this isn't in a high-demand or rapidly appreciating pocket.
This property would suit a buyer who values older character and is comfortable with the realities of an aged home—someone handy or willing to invest in gradual upgrades, rather than someone expecting a turnkey modern house. It may also appeal to an investor looking for a low-entry property in a working-class neighbourhood, or a first-time buyer prioritizing affordability over condition and location prestige. It likely does not suit someone seeking a large lot, a quick resale, or a move-in-ready property with modern finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The $151,000 assessment places it in the bottom 3% of Winnipeg homes. This is driven primarily by the age of the building (1894), the modest living area, and the neighbourhood's overall market—William Whyte has significantly lower average values than the city as a whole. It's not necessarily a sign of poor condition, but it does indicate limited comparable sales at higher price points in the immediate area.
2. How does the lot size compare to other homes in the area?
The lot is 3,481 sqft. That's smaller than the average on Manitoba Avenue (4,014 sqft) and much smaller than the citywide average (6,570 sqft). However, within the William Whyte neighbourhood, it's right around the average (3,277 sqft). So if you're comparing to other local homes, the lot is fairly typical; if you're expecting a sprawling yard by city standards, it's not that.
3. Is a 1894 home a risk, or can it be a good investment?
It depends heavily on upkeep. Homes from that era often have solid timber framing and good bones if maintained, but they can also hide outdated wiring, plumbing, insulation, and foundation issues. The low entry price leaves room for value-adding renovations, but you should budget for surprises. A thorough inspection—especially of the foundation, roof, and electrical—is essential. The neighbourhood itself is not currently appreciating quickly, so this is more of a long-term hold or a home to live in than a quick flip.
4. How does the living space compare to similar homes in the area?
At 1,082 sqft, it's right around the street average (1,063 sqft) and slightly below the neighbourhood average (1,158 sqft). In practice, it's a typical older home size—likely two to three bedrooms, a single bathroom, and a layout that may feel more segmented than an open-concept newer build. It's not small, but it's not generous either.
5. What type of neighbourhood is William Whyte?
William Whyte is an older, inner-city neighbourhood in Winnipeg's North End. It's predominantly residential with a mix of rental and owner-occupied homes. Amenities are modest, and the area has historically faced challenges with poverty and lower investment. That said, it's close to downtown and has decent transit access. It's not a high-demand area for families seeking schools or new subdivisions, but it offers affordability and proximity to the core for those who prioritize that.