348 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1960-built home with 1,036 square feet of living space on a 3,484-square-foot lot. Its most notable feature is the assessed value relative to the neighbourhood. While the home sits near the street average in living area and land size, its assessed value of $196,000 is significantly above the William Whyte neighbourhood average of $149,100—ranking in the top 18% locally. This suggests the property has been well-maintained or updated compared to many nearby homes.
The appeal here is a solid, mid-century house in a neighbourhood where values are climbing. The living area is slightly below city average, but the land area is on par with the immediate area, giving it typical outdoor space. The 1960 build date places it newer than most homes on the street (average 1945) and in the neighbourhood (average 1927), which can mean fewer major structural surprises.
This property would suit a buyer who wants an established home in a transitioning neighbourhood, with better-than-average local value retention. It may appeal to first-time buyers looking for something move-in ready without paying a premium for a fully renovated house, or to investors who see room for appreciation as the area continues to improve. It is less suited for someone seeking a large lot or expansive living space by city standards.
Five Possible FAQs
1. How does this home compare to others on the same street?
On Manitoba Avenue, this home is around average in living area (ranked 321 out of 761) and assessed value (404 out of 761). Its year built is above average (top 30%), meaning it's newer than most houses directly nearby. Land area is below average (top 75%), so the lot is smaller than many others on the street.
2. Why is the assessed value higher than the neighbourhood average?
The neighbourhood average assessed value in William Whyte is $149,100, while this home is assessed at $196,000. That puts it in the top 18% of the area. This could reflect upgrades, a better condition than the typical home, or simply that this property is located on a more desirable part of the street. The assessed value is still well below the citywide average of $390,100.
3. Is the living area small for the area?
Not particularly. At 1,036 sqft, it's close to the street average of 1,063 sqft and slightly below the neighbourhood average of 1,158 sqft. It ranks in the top 59% neighbourhood-wide, meaning it is a typical size for William Whyte. By city standards, it is on the smaller side (1,342 sqft average citywide).
4. What does the land area mean for outdoor space?
The lot is 3,484 sqft, which is below the street average of 4,014 sqft but in line with the neighbourhood average of 3,277 sqft. It ranks in the top 32% locally, so while the yard is not large by street standards, it is typical for the area. Citywide lots average 6,570 sqft, so this is a smaller-than-average city lot overall.
5. What is the neighbourhood like for resale value?
The data shows this home's assessed value is well above the neighbourhood average, which could indicate it holds value better than many nearby homes. However, the neighbourhood itself ranks in the top 18% for assessed value, suggesting William Whyte has some stronger-value properties relative to the rest of the city. As always, resale depends on market conditions, but the combination of a newer build and above-average assessed value locally is a positive sign.