Property Overview & Key Characteristics
382 Manitoba Avenue is a classic one-and-three-quarter storey home in Winnipeg's William Whyte neighbourhood, built in 1901. Its key appeal lies in its generous proportions and established character. With a living area of 1,624 sq ft, it is notably larger than most homes on its street and in the wider neighbourhood. The property sits on a sizable 3,482 sq ft lot and includes a detached garage.
The home’s assessed value is remarkably low compared to Winnipeg as a whole, which may indicate an entry-point price for a house of this size, but also suggests the property is likely in need of significant updating. The unrenovated basement and the home's age underscore this. Its appeal is for value-driven buyers—investors, renovators, or first-time homebuyers with vision and a budget for improvements—who prioritize space and potential over move-in-ready condition. A thoughtful perspective is that this property represents a tangible piece of Winnipeg’s early 20th-century housing stock, offering a chance to restore a home with solid bones and above-average room dimensions that are hard to find in newer builds at a similar price point.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value is significantly lower than the Winnipeg average, which typically reflects the property's condition, age, and market factors in the area. It is a municipal tool for calculating property tax, not a market price, but often indicates a home requiring modernization.
2. Is the large lot size a benefit?
Yes. At 3,482 sq ft, the lot is well above average for the street and neighbourhood. This provides more outdoor space, potential for gardening, and future flexibility, such as adding a parking pad or expanding the home (subject to zoning).
3. The home is noted as "not renovated." What should I expect?
You should budget for and expect systems (like plumbing, electrical, heating) and finishes to be dated. The basement and main living areas likely require comprehensive updates to meet modern standards and tastes.
4. How does this home compare to others in the area?
It is older than 99% of homes in Winnipeg, giving it historic character but also associated maintenance. However, it offers more living space than 88% of homes in William Whyte, meaning you get more square footage for your investment compared to nearby properties.
5. What type of buyer is this best suited for?
This property is a project. It best suits a hands-on buyer, such as a renovator, an investor looking for a hold-and-improve opportunity, or a first-time buyer willing to trade immediate comfort for long-term equity building through gradual updates. It is less suitable for someone seeking a low-maintenance, turn-key home.