741 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a small, older home on a notably large lot. At 628 square feet of living area, it ranks in the bottom 1% citywide and bottom 4% on its own street—making it one of the smallest homes in Winnipeg. The assessed value of $112,000 reflects that size, though it’s roughly in line with the neighbourhood average when adjusted for context.
Where this property stands out is the land. The lot is 3,578 square feet, which is above average for the William Whyte neighbourhood (top 11%) and around average for the street. The house was built in 1907, placing it among the older homes in the area.
The appeal here isn’t the house itself—it’s the opportunity. For a buyer willing to renovate or rebuild, the land offers flexibility that most properties this affordable in the city don’t have. It would suit an investor or someone comfortable with a project. It could also work for a buyer who values outdoor space and doesn’t need much indoor square footage, provided they’re prepared for the realities of a 117-year-old structure.
Five Frequently Asked Questions
1. Why is the assessed value so low compared to the city average?
The property’s living area is very small, and the house is over a century old. Assessed value is based partly on square footage, age, and condition—all of which pull the number down. The lot itself adds value, but not enough to offset the house’s limitations.
2. Is the neighborhood improving or declining?
William Whyte is a mixed area. Some blocks have seen reinvestment; others haven’t. The data shows the home’s value is around the neighbourhood median, which suggests stability rather than rapid change. It’s worth walking the street at different times of day.
3. Could I build a bigger house on this lot?
Possibly. The lot is above average for the neighbourhood, but zoning, setbacks, and servicing would need to be checked with the city. The land area is generous for the area, but not unusually large by citywide standards.
4. What are the main risks with a 1907 home?
Older homes often have outdated electrical, plumbing, and insulation. Foundation and roof condition are critical. A thorough inspection is non-negotiable—especially for a small house that may have had minimal maintenance over the years.
5. Who typically buys properties like this?
Often it’s buyers who can’t afford a larger house in more central areas, or investors looking for a teardown or major renovation. It’s less suited for someone wanting move-in-ready, unless they have very modest space needs and a tolerance for older-home quirks.