186 Langside Street – Property Summary
Key Characteristics & Buyer Suitability
This 1,520 sqft home built in 1998 sits on a 3,266 sqft lot in Winnipeg’s West Broadway area. Its main appeal is a strong value-to-size ratio: the assessed value ($334,000) is well above the street average of $225,200, yet the living area is only slightly above city norms. The lot size is generous for the street but below average for the wider city.
The property stands out most for its age. Built in 1998, it’s newer than nearly everything around it—ranked in the top 3% of the neighbourhood and top 10% on its street, where most homes date from 1910–1919. This could mean fewer immediate maintenance concerns and better energy efficiency compared to century-old neighbours.
It would suit a buyer who wants a home that’s relatively modern and move-in ready without paying the premium often associated with new builds. Because the living area is around average for the street but the assessed value is high, the property may appeal to someone who values condition and lower upkeep over maximum square footage. It’s less ideal for buyers who prioritize a large lot or need more interior space than typical city homes offer.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The property is assessed at $334,000, which is roughly 48% above the average on Langside Street ($225,200) and 13% above the West Broadway neighbourhood average ($295,400). Citywide, it falls near the median for comparable homes.
2. Is the living area considered small for this price range?
At 1,520 sqft, it’s nearly identical to the street average (1,530 sqft) and above the citywide average (1,342 sqft), so it’s not small compared to typical Winnipeg homes. However, it’s below the neighbourhood average of 2,017 sqft, reflecting that West Broadway has many larger older homes.
3. Why is the land area ranked so low citywide but high on the street?
The lot is 3,266 sqft—above average for Langside Street (2,655 sqft) but well below the city average of 6,570 sqft. This is typical for an older urban neighbourhood where lots are compact compared to suburban or newer developments.
4. What does the “year built” ranking actually mean for maintenance?
Ranking in the top 3% of the neighbourhood means the home is 70–90 years newer than most nearby houses. In practice, this likely means a more modern foundation, wiring, plumbing, and insulation, plus less need for immediate structural repairs. But it’s still 25 years old, so systems like the roof or furnace may need attention depending on past upkeep.
5. How do the rankings work for the bars and percentiles shown?
For land area and living area, a higher rank means larger size. For year built, a higher rank means newer. For assessed value, a higher rank means higher value. The fill colour of each bar (red, blue, amber, gray) indicates a tier—for example, whether the property is well above average, close to it, or below. The “Avg” listed is a rough median for comparable homes in that geographic scope.