181 Furby Street

181 Furby Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,494 sqft home built in 1905 on a 3,581 sqft lot, located in Winnipeg’s West Broadway neighbourhood. Its assessed value is $231,000.

Where the appeal lies: The property is priced well below both the neighbourhood average ($295,400) and the citywide average ($390,100). While the living area is smaller than the typical West Broadway home, it is actually larger than the average home citywide. The lot size is typical for the immediate street and neighbourhood but smaller than many Winnipeg properties. The house is older—built 60 years before the city average—which places it in a more historic housing stock.

Who it suits: This property is a strong fit for a buyer focused on affordability and willing to take on an older home that likely needs updates or maintenance. It appeals to someone who prioritizes a lower purchase price over move-in-ready finishes, or who values the character and scale of a pre-war home in a central neighbourhood. It is less suited to buyers seeking a large, modern house or a big yard.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
   The assessed value is $231,000, which is around average for Furby Street but significantly lower than the West Broadway neighbourhood average ($295,400) and far below the citywide average for comparable homes ($390,100). This reflects the home’s smaller size and age relative to newer or larger properties.

2. Is the living space considered small for Winnipeg?
   Citywide, 1,494 sqft is above average—it ranks in the top 31% of all comparable homes. However, within West Broadway, it is below average; the neighbourhood average is 2,017 sqft. So it is a smaller home in its immediate area, but not a small home by city standards.

3. What does the 1905 build year mean practically?
   The home is older than most in Winnipeg, where the average comparable home was built in 1966. This likely means original construction materials, possible knob-and-tube wiring, an older foundation, and potentially less insulation or single-pane windows. It may also mean higher ongoing maintenance costs and limited records on renovations. A thorough home inspection is strongly recommended.

4. How large is the lot, and what is typical for the area?
   The lot is 3,581 sqft. This is roughly average for both Furby Street and West Broadway, where lot sizes average around 3,950 sqft. It is noticeably smaller than the citywide average of 6,570 sqft, so the yard space is compact compared to suburban properties.

5. Is this property in a desirable part of West Broadway?
   On Furby Street specifically, the home is priced close to the street average and ranks in the middle range (top 46%) for assessed value. West Broadway as a neighbourhood is more affordable than many central Winnipeg areas, but it has below-average home sizes and values citywide. The desirability depends heavily on your tolerance for an older, smaller home in a denser, more urban setting.