200 Colony Street – Property Summary
Key Characteristics & Buyer Profile
This is a 2,112 sqft home on a 2,580 sqft lot, built in 1900, with an assessed value of $284,000. Its main appeal is the generous interior living space relative to its price point. Citywide, the home ranks in the top 8% for living area, while the assessed value sits below the city average—meaning you get significantly more square footage than typical for the cost. However, the lot is small (bottom 6% citywide), and the home is old (bottom 1% by year built). On its street and in the West Broadway neighbourhood, the property is average to below average in size and value, which reflects the mix of older and newer infill homes in the area.
This property would best suit a buyer who prioritizes interior space over outdoor land, and who is comfortable with an older home that may require maintenance or updates. It’s a practical fit for someone looking for a roomy house in a central Winnipeg neighbourhood without paying a premium for a large yard or a renovated interior. Investors or first-time buyers looking for decent square footage at a below-average citywide valuation may also find it worth a closer look.
Frequently Asked Questions
1. Why is the assessed value below average when the living area is above average?
Assessed value considers multiple factors, not just square footage. This home’s older age (1900) and smaller lot likely pull the value down, while its larger interior pushes it up. The result is a property with more room per dollar than most in Winnipeg.
2. What does “ranked top 8% citywide for living area” actually mean?
Out of nearly 200,000 comparable homes across Winnipeg, this one has more living space than 92% of them. On a citywide scale, it’s well above average in size—but on its own street, where the average is 2,491 sqft, it’s slightly below.
3. How much work should I expect from a home built in 1900?
Homes of this age often have older foundations, wiring, plumbing, and insulation. The data doesn’t indicate whether updates have been made. A thorough home inspection and review of any renovation permits would be essential before purchasing.
4. Is the small lot a drawback, or could it be an advantage?
It depends on your needs. A smaller lot means less yard maintenance and a more urban feel, but also limited space for expansions, gardens, or outdoor living. In West Broadway, where many lots are compact, this is fairly typical for the area.
5. How does this property compare to others currently for sale in West Broadway?
This data compares the home to all similar properties in the neighbourhood, not just those listed for sale. It’s around average for the area in both value and living area, but older and on a smaller lot than many. To see how it stacks up against active listings, you’d want to look at recent sales or open the neighbourhood map analysis.