187 Maryland Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,927-square-foot home built in 1906 on a 3,076-square-foot lot in Winnipeg’s West Broadway neighbourhood. What stands out most is the living space: it’s well above average for the street (top 30%), the neighbourhood (top 55%), and the city as a whole (top 13%). The assessed value of $263,000 reflects similar strength on the street (top 18%) but drops to around average in the neighbourhood and below average citywide—meaning you get more house for the dollar relative to newer or larger properties elsewhere. The land is on the smaller side (bottom 82% on the street, bottom 87% citywide), which is typical for older infill lots. The year built (1906) places it among the older homes in an already older neighbourhood, but that’s also part of the character.
The appeal lies in the trade-off: generous interior square footage at a price point well below newer citywide averages, on a compact lot that requires less upkeep. It suits buyers who value indoor space over a big yard, who are comfortable with the quirks and maintenance of a century-old home (plaster, knob-and-tube wiring, etc.), and who want to be in a central, established area like West Broadway. It’s less suited for someone who needs a large lot, a move-in-ready modern interior, or top-tier resale value in the near term—the neighbourhood ranking for value suggests the home’s price is competitive but not a steal by broader city standards.
Frequently Asked Questions
1. How does the living area compare to similar homes in Winnipeg?
The 1,927 square feet puts it in the top 13% citywide. That’s notably larger than the average comparable home (1,342 sq ft), so you’re getting well above typical interior space.
2. Why is the assessed value lower than the city average if the living area is bigger?
Assessed value is based on more than size—it reflects location, age, condition, and recent sales. The home is older (1906) and in a neighbourhood where averages are lower than newer suburbs. A bigger house in an older area can still appraise for less per square foot.
3. Is this a good investment property?
It depends on your goals. The living-space-to-value ratio is strong, which could appeal to renters wanting room. But the older construction often means higher maintenance costs, and the lot size limits future redevelopment potential. It’s a solid option for a buy-and-hold rental if you’re comfortable with upkeep.
4. What should I look out for with a 1906 home?
Typical concerns include outdated electrical (knob-and-tube), old plumbing (galvanized or lead), foundation settlement, and insulation issues. A thorough inspection is essential. On the upside, older homes in this area often have solid timber framing and good bones.
5. How does the neighbourhood compare to others in Winnipeg?
West Broadway is central and walkable, with a mix of older character homes and rentals. The property ranks around average for living area and value within the neighbourhood, so it’s not an outlier—just a solid, representative house for the area. The citywide ranking for value (bottom 80%) mainly reflects the gap between central and newer suburban pricing.