738 Broadway – Property Summary
Key Characteristics & Buyer Profile
This is a 1907 home with 2,278 sq. ft. of living space on a 3,578 sq. ft. lot in Winnipeg’s Wolseley neighbourhood. Its main appeal is the interior size: it ranks in the top 5% citywide for living area, and in the top 9% within Wolseley. That means significantly more room than most comparable homes in the area or across the city. The assessed value sits at $305K, which is roughly average for the street but below the neighbourhood and city averages—suggesting the space-per-dollar is strong, though the home is older and on a smaller lot than many nearby properties.
The house is one of the older ones on the block (built 1907, top 33% on the street) and the lot is notably small for the street (ranked 8 out of 9). So the trade-off is clear: you get generous interior square footage at a moderate price point, but the land and build date are less competitive. This would suit a buyer who prioritizes indoor square footage and character over a large yard or a newer structure—someone who sees the smaller lot as a plus for lower maintenance. It may also appeal to buyers who are comfortable with an older home’s upkeep and value the Wolseley location, without needing top-tier finishes or curb appeal from the outside.
Five Frequently Asked Questions
1. How does the living space compare to similar homes in the area?
Exceptionally well. At 2,278 sq. ft., this home is larger than 91% of homes in Wolseley and 95% of comparable homes across Winnipeg. On its own street, it’s closer to the average (2,235 sq. ft.) but still slightly above.
2. The assessed value seems low relative to the size—should I be concerned?
Not necessarily. The $305K assessment is average for Broadway but well below the Wolseley average of $371K and the citywide average of $390K. That likely reflects the home’s age, smaller lot, and possibly less updated finishes, not a hidden problem. It could mean lower property taxes relative to similar-sized homes nearby.
3. What’s the trade-off with the lot size?
The lot is 3,578 sq. ft., which is smaller than most on the street (ranked 8 out of 9) and smaller than the city average for comparable homes. However, it’s actually above average within Wolseley, where lots tend to be compact. So if you want a yard that’s manageable without being tiny for the neighbourhood, this fits.
4. How old is the house, and is that a red flag?
Built in 1907, it’s older than 96% of homes citywide. On Broadway, it’s around the average for the street. Age alone isn’t a problem, but it does mean you should budget for maintenance and systems that may be original or approaching end-of-life. A thorough inspection is wise, especially for an older home that ranks well on size but not on build year.
5. How does this property rank within Wolseley overall?
It’s a mixed picture. For living area, it’s elite (top 9%). For assessed value, it’s below average (top 72%). For lot size, it’s above average (top 30%). For year built, it’s below average (top 89%). So it’s a standout for interior space, but otherwise lands in the middle or lower tiers locally.