This is a 1,152-square-foot home built in 1907, sitting on a 2,224-square-foot lot in Winnipeg’s William Whyte neighbourhood. The property’s main appeal is its assessed value: at $158,000, it sits well below the citywide average for comparable homes ($390,100). While the living area is slightly above the street average (1,048 sqft) and roughly in line with the neighbourhood, the lot is notably small—ranking near the bottom locally and citywide.
The house itself is older than most on its street and in the city, but the lower price point may appeal to buyers focused on affordability or those looking for a fixer-upper in a transitioning area. It could also suit an investor seeking a low-cost entry into the Winnipeg market, provided they are comfortable with limited outdoor space and the potential for older-home upkeep. The neighbourhood rank for assessed value (top 36%) suggests relative value compared to surrounding properties, even if the citywide picture shows a significant discount.
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How does the assessed value compare to similar homes nearby?
The property’s $158,000 assessment is below the street average of $182,200 but above the neighbourhood average of $149,100. Citywide, it’s far lower than the typical $390,100 for comparable homes.
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Is the living space considered small or large for this area?
At 1,152 sqft, it’s slightly larger than the street average (1,048 sqft) but close to the neighbourhood average (1,158 sqft). It falls below the citywide average for similar homes (1,342 sqft).
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What condition might the home be in given its 1907 build date?
The home is older than most on its street (average 1937) and the neighbourhood (average 1927). While age alone doesn’t indicate condition, buyers should expect potential issues common to early-20th-century homes, such as outdated wiring, plumbing, or foundation work. A thorough inspection is recommended.
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How usable is a 2,224 sqft lot?
It’s well below average for the street (3,730 sqft), neighbourhood (3,277 sqft), and citywide (6,570 sqft). Yard space is limited, so if outdoor living or gardening is important, this may not be ideal. However, lot size in this part of Winnipeg is often smaller by design, so it’s consistent with the area’s character.
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How does this property rank for investment potential?
The low price relative to citywide averages suggests possible upside if the neighbourhood appreciates, but the small lot and older structure limit comparability to newer or larger homes. The neighbourhood assessment ranking (top 36%) indicates better value here than in many surrounding streets, but resale will depend heavily on future area development and renovation quality.