This 1902-built home on Spence Street offers 1,868 square feet of living space on a 2,999-square-foot lot. Its assessed value sits at $258,000. The property stands out most for its interior size: citywide, it ranks in the top 15%, well above the Winnipeg average of 1,342 square feet. On its own street and within the West Broadway neighbourhood, the living area is closer to average, but the citywide comparison tells a clearer story—this is a genuinely spacious home by local standards.
The land, however, is compact. At 2,999 square feet, it falls below average on the street, in the neighbourhood, and citywide. Buyers should expect limited outdoor space and a smaller footprint relative to typical Winnipeg lots. The assessed value is below average citywide (top 81%), which reflects both the older construction and the modest land. The year built is 1902—older than most homes on the street and in the neighbourhood, and among the oldest citywide (top 99%).
The appeal here is primarily for buyers who want generous interior square footage without paying a premium for a large yard or a newer build. It suits someone who values space to live and furnish over outdoor area or modern finishes. First-time buyers looking for room to grow, or investors seeking a property with solid bones in an established neighbourhood, may find it practical. The relatively low assessed value compared to the city average also suggests potential for long-term value if the area continues to develop. Less obviously, the older build may appeal to those interested in character or renovation projects, though the data doesn’t indicate condition—just age.
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How does this home compare to others in Winnipeg for living space?
It ranks in the top 15% citywide, meaning it has significantly more interior square footage than the typical home in the city. Within West Broadway and on Spence Street, it’s closer to average, so the advantage is most clear when comparing across all of Winnipeg.
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Is the lot size considered small?
Yes. At 2,999 square feet, it’s below average on its street, in the neighbourhood, and citywide. Most comparable homes in West Broadway have lots around 3,954 square feet, and the city average is 6,570 square feet. This is a compact urban lot.
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What does the assessed value of $258,000 tell me?
It’s slightly above average for Spence Street, but below average for West Broadway and well below the citywide average. This likely reflects the older construction and smaller lot. It may also indicate that the property is priced more affordably relative to newer or larger homes elsewhere.
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Is a house built in 1902 likely to have issues?
Age alone doesn’t determine condition, but a home this old may have older plumbing, electrical, or insulation. The data doesn’t provide renovation history. Buyers should budget for a thorough inspection and consider that older homes often require more maintenance than newer builds.
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Who would this property not suit?
Buyers wanting a large backyard, a modern open-concept layout, or a move-in-ready home with few repairs may not find it ideal. The compact lot and older construction are trade-offs for the generous interior space and relatively low assessed value.