697 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 762 sqft home built in 1933 on a 3,575 sqft lot in Winnipeg’s William Whyte neighbourhood. The property’s assessed value sits at $117,000.
Where the appeal lies is in the land, not the house. The lot size ranks in the top 12% within the neighbourhood (well above average for the area), though it falls below city-wide averages. The living area is modest—among the smallest on the street and in the neighbourhood—but the year built (1933) is actually above average for the surrounding area, meaning it’s older than many nearby homes but not unusually so for the neighbourhood’s character.
The assessed value is notably low relative to both the street and the city. On Manitoba Avenue alone, it ranks in the bottom 10%. This reflects both the smaller footprint and likely the home’s condition or lack of recent updates.
Best suited for: A buyer who values yard space or garden potential over interior square footage. Might work for someone looking for a starter home with room to expand (either through an addition or a future rebuild), or for an investor focused on land value in an older, established neighbourhood. Less ideal for anyone needing generous living space or expecting quick resale based on interior size alone.
Five Possible FAQs
1. Why is the assessed value so much lower than the street average?
The street average for assessed value is $216,600, more than double this property’s $117,000. That gap is driven by the home’s small living area (762 sqft vs. the street average of 1,063 sqft) and likely its age and condition. The lot itself is average for the street, so the low assessment isn’t about land.
2. How does the lot size compare to other homes in the area?
In the William Whyte neighbourhood, this lot ranks in the top 12%—well above average. The neighbourhood average is 3,277 sqft, and this lot is 3,575 sqft. But city-wide, it’s below average (the median lot in Winnipeg is roughly double that size).
3. Is the home’s age a concern?
Built in 1933, it’s older than the city-wide average (1966) but newer than the typical home in William Whyte, where many houses were built in the 1920s. The ranking is around the middle for the street but above average for the neighbourhood. Age alone isn’t a red flag, but maintenance history and updates would matter more than the year built.
4. How does this property compare to others in the same price range?
At $117,000 assessed, this is a low-value property even within a neighbourhood where the average assessment is $149,100. Buyers comparing similar-priced homes would likely find larger living areas elsewhere, but fewer lots of this size. The trade-off is land versus interior space.
5. What does the ranking “Top 86%” mean for living area?
It means the property is in the bottom 14% on the street—smaller than 86 out of every 100 homes. The same is true city-wide, where it ranks in the bottom 7%. In practical terms, this is a small home by any standard, and the living area is the property’s main limitation.