190 Spence Street – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 2,002 sqft home built in 1902, sitting on a 4,465 sqft lot in Winnipeg’s West Broadway area. The property holds solid middle-of-the-pack positioning on its street and within the neighbourhood, with a notable standout: it ranks in the top 11% city-wide for living space, well above Winnipeg’s average of 1,342 sqft. The assessed value of $277,000 is slightly above the street average but below the city average, reflecting both the home’s size advantage and its older construction.
Where this property appeals most is in its balance. You’re getting significantly more interior space than most homes in the city, but not at a premium that matches that square footage—suggesting potential value for buyers who prioritize room over a newer build. The land size is also generous relative to the neighbourhood, though slightly smaller than the city average. The 1902 construction year places it among older stock, even by local standards (the neighbourhood average is 1910, and the city-wide average is 1966). This means the home will likely appeal to buyers comfortable with older character homes and the maintenance that comes with them, rather than those seeking a turnkey modern build.
Who it suits: Buyers looking for above-average living space in a central Winnipeg neighbourhood, with an appreciation for older homes. Investors or owner-occupants who value square footage and lot size over a new kitchen and bathroom. Not ideal for someone wanting a low-maintenance, recent build or a move-in-ready property without cosmetic or system updates.
Frequently Asked Questions
1. How does this property compare to others on Spence Street?
It’s right around the average for living space and assessed value on the street. The lot is slightly larger than typical for Spence Street, and the build year is in line with the street’s older character (average 1909). So it’s a fairly representative home for the block, not an outlier in any extreme direction.
2. Is the assessed value low for the size of the home?
Relatively, yes. The home is in the top 11% city-wide for living area, but its assessed value falls in the bottom 23% city-wide. That gap suggests the market isn’t fully pricing in the square footage—likely due to the age of the home, condition, or neighbourhood factors. For a buyer, that could mean room for value growth if the home is updated or if the area appreciates.
3. What should I know about a home built in 1902 in Winnipeg?
It’s typical for the area, but you’re looking at a home that predates modern insulation, wiring, and plumbing standards. Foundation, roof, and mechanical systems should be inspected carefully. Older homes in this vintage can have knob-and-tube wiring, lead paint, or outdated water lines. On the positive side, they often have solid wood framing, high ceilings, and character details you won’t find in newer builds.
4. Is this property in a desirable part of West Broadway?
West Broadway is a central, walkable neighbourhood close to Osborne Village, the Exchange District, and downtown. It’s mixed in terms of housing quality and income levels. Spence Street itself is a moderately ranked street within the area. The appeal here is more about location convenience and older housing stock with character than it is about prestige or high-end finishes.
5. How does the lot size affect the property’s value?
At 4,465 sqft, it’s above average for the street and neighbourhood but below the city-wide average. That’s fairly typical for a central Winnipeg lot. For a buyer, this size gives you a manageable yard without being overly large to maintain. It could also offer potential for future development or additions, depending on zoning—worth checking if that’s of interest.