198 Langside Street – Property Summary
Key Characteristics & Ideal Buyer
This is a 1902 home with 1,232 sqft of living space on a 3,266 sqft lot, assessed at $223k. Its strongest feature is the land: the lot is well above average for the immediate street (top 16%), offering more outdoor space than most nearby properties. The living area, however, is below average for both the street and the West Broadway neighbourhood—this is a compact home, not a sprawling one. The assessed value sits around the middle of the street but drops relative to the wider city, reflecting both the older structure and the neighbourhood’s pricing. The year built (1902) is among the oldest on the street and in the city, which will appeal to those who value character but should prompt a close look at the condition of systems and foundations.
The appeal here is pragmatic rather than flashy. You’re getting a decent-sized lot in an older, central Winnipeg neighbourhood for a price well below citywide averages. It suits a buyer who is comfortable with an older home—someone who sees value in the land and location over a modern finish. First-time buyers with some renovation appetite, or investors looking for a property with a strong land-to-building ratio in a transitioning area, would be the natural fit. It’s less suited for someone wanting move-in-ready space or a home that competes with suburban square footage.
Five Frequently Asked Questions
1. How does the living area compare to other homes nearby?
The home is 1,232 sqft, which is about 300 sqft smaller than the average on Langside Street and nearly 800 sqft smaller than the West Broadway neighbourhood average. Citywide it’s close to the median, so the size is typical for older Winnipeg homes but compact relative to the immediate area.
2. Is the assessed value a good deal?
The city assessed this property at $223k. That’s close to the average on the street ($225k) but well below the neighbourhood average ($295k) and the citywide average for comparable homes ($390k). The value reflects the older construction and smaller living area, but the lot size—larger than most on the street—adds an asset that isn’t fully captured in the assessment.
3. What should I know about the age of the house?
Built in 1902, it’s older than nearly all other homes on Langside Street and in the city (top 99% oldest citywide). That means likely original or early-era construction details, but also potential issues with knob-and-tube wiring, aging plumbing, lead paint, or foundation settling. A thorough inspection is essential, especially for the electrical and structural systems.
4. How does the land size affect the property’s potential?
The lot is 3,266 sqft—well above the street average of 2,655 sqft. On Langside, that puts it in the top 16% for land. However, it’s still smaller than the neighbourhood average (3,954 sqft) and much smaller than the citywide average for comparable homes. The lot is a clear asset relative to immediate neighbours, but it’s not oversized by broader standards. It could allow for a modest addition or better outdoor use than most properties on the block.
5. What type of neighbourhood is West Broadway?
West Broadway is an older, central Winnipeg neighbourhood with a mix of historic homes, rental units, and some ongoing revitalization. It’s walkable and close to downtown, but it also has a reputation for being economically diverse and, in some pockets, higher in vacancy or crime rates than suburban areas. The home’s relatively low assessed value compared to the neighbourhood average suggests it’s at the more affordable end of this area’s housing stock.