381 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,102 sqft home built in 2011 on a 3,561 sqft lot in the William Whyte neighbourhood. The property stands out most for its age: it ranks in the top 5% on its street, top 6% in the area, and top 10% city-wide for newer construction. In a neighbourhood where the average home was built in 1927, this is a relatively modern build—meaning fewer immediate concerns around knob-and-tube wiring, old plumbing, or foundation settling that come with century homes.
Living area is slightly above average for the street itself, but roughly average for the neighbourhood and city. The land is above average for the area, but below average city-wide—so you’re getting a decent lot by local standards, not a sprawling yard.
The assessed value ($219k) tells an interesting story. It’s around average for the street, but in the top 11% of the neighbourhood—meaning this is one of the more valuable homes in William Whyte. Yet city-wide, it ranks in the bottom 11% by value. That gap hints at a neighbourhood that’s more affordable than many parts of Winnipeg, but where this particular house holds relatively strong local standing.
Who it suits: First-time buyers or investors looking for a move-in-ready home in an older, more affordable neighbourhood. The 2011 build removes a lot of the uncertainty of older housing stock. It’s less suited to someone wanting a large yard or a premium city-wide address. Also worth considering: the land area is only average for the street—if you’re hoping to subdivide or develop, you’ll want to check zoning and lot frontage, not just square footage.
Frequently Asked Questions
1. How does this property compare to others on the same street?
It ranks in the top 30% for living area and top 5% for year built, but in the middle of the pack for lot size. So it’s one of the newer homes, and slightly larger than the street average, but the lot is modest relative to neighbours.
2. Is this considered a good value in the neighbourhood?
Above average. The assessed value is in the top 11% of the area, suggesting it’s one of the more valuable homes in William Whyte. But the assessed value is still well below the city-wide average, so you’re not paying for a high-demand location outside the area.
3. How much does the 2011 build matter practically?
A lot. Homes built around 2011 typically have modern electrical, plumbing, insulation, and windows. You’re unlikely to face the deferred maintenance common in older Winnipeg homes—like lead pipes, asbestos, or drafty single-pane windows. That can mean lower immediate repair costs and better energy efficiency.
4. What’s the lot actually like?
3,561 sqft is above average for the neighbourhood (top 18%) but below average city-wide. It’s a decent-sized city lot—enough for a garden, a small garage, or outdoor space—but not oversized. If you’re comparing to suburban lots that can be 5,000+ sqft, this will feel compact.
5. How does this compare to similar homes city-wide?
It’s a bit smaller than the city-wide average for comparable homes (1,102 vs 1,342 sqft), on a smaller lot, and with a much lower assessed value. But it’s newer than roughly 90% of Winnipeg homes. So: a trade-off between modern condition and modest size/land versus older homes that may be larger or on bigger lots but need more work.