179 Spence Street – Property Summary
Key Characteristics
This is a 1907 home offering 2,254 square feet of living space on a 2,520-square-foot lot in Winnipeg’s West Broadway area. The property stands out most for its interior size. Citywide, it ranks in the top 6% for living area—well above the average of 1,342 square feet—and also sits above average compared to other homes on Spence Street and within the neighbourhood.
The assessed value is $210,000, which falls below both the street average ($247,500) and the neighbourhood average ($295,400). This combination of generous interior space and a relatively modest valuation is where the main appeal lies. Buyers looking for square footage without paying a premium for a large lot or a top-tier neighbourhood price tag may find this property worth a closer look. The land area is notably small by local standards—ranking in the bottom 10% on the street—so the trade-off is clear: more house, less yard.
The home is older than nearly everything else in the city (top 96% oldest citywide), but its age is typical for its street and area, where most homes were built around 1909–1910. This suggests a block of similar vintage properties, not an oddity.
Who it would suit: Buyers who prioritize interior living space over outdoor land, and who are comfortable with an older home in an established, centrally located neighbourhood. It may appeal to those looking for a renovation project or a larger starter home where the purchase price is kept down by a smaller lot and a less expensive area.
Five Possible FAQs
1. How does the living space compare to other homes nearby?
It’s above average for Spence Street (top 26%) and well above the citywide average. The interior is roughly 300 square feet larger than the typical home on the same street and about 900 square feet larger than the typical citywide comparable.
2. Is the assessed value a realistic reflection of the home’s condition?
Assessed value is not a direct measure of condition—it’s based on market data and property characteristics. In this case, the value is lower than the street and neighbourhood averages, which could reflect the smaller lot, the home’s age, or a more modest finish level. A home inspection and recent sale comparisons would give a truer picture.
3. Why is the lot considered small, and what does that mean practically?
At 2,520 square feet, the lot is roughly 1,400 square feet smaller than the Spence Street average and about 1,400 square feet smaller than the West Broadway average. This means less yard maintenance, but also limited space for additions, a garage, or large-scale outdoor use.
4. Is the age of the home a drawback or a positive?
It depends on expectations. Homes from 1907 often have solid construction, character details, and mature neighbourhoods. They can also come with older systems, wiring, or insulation. The home’s age is typical for this block, so you’re not taking on something unusual for the area—but you should budget for updates that any century-old home may need.
5. How does this property compare to others in West Broadway generally?
It has a larger-than-average interior (top 31% in the neighbourhood) and a smaller-than-average lot (bottom 5%). Its assessed value is below the neighbourhood average. So it offers more inside space for less money than many nearby homes, but with less outdoor room and a similar vintage.