269 Balmoral Street – Property Summary
Key Characteristics & Buyer Profile
This 1904 home on Balmoral Street offers 2,521 square feet of living space on a 3,856-square-foot lot, with an assessed value of $340,000. Its standout feature is size. The living area ranks in the top 3% citywide, well above Winnipeg’s typical 1,342-square-foot comparable home. On the street and in the West Broadway neighbourhood, it also ranks in the top quarter to top sixth, respectively. The assessed value is above average locally but middle-of-the-pack citywide—meaning the home offers considerable space for its price point relative to the broader market.
The property’s appeal lies in its combination of pre-war character and generous interior volume. Built in 1904, it is one of the older homes in the city, ranking in the bottom 1% by year built. That age will matter to buyers: it likely means original architectural details, but also potential for older systems and maintenance needs. The lot is modest by city standards (bottom 25%), which is typical for an older urban neighbourhood. Buyers looking for a large, updated interior in a central location—especially those willing to invest in ongoing upkeep or a renovation—will find the value proposition compelling. It suits someone who prioritizes interior square footage and character over yard space or a turnkey modern build.
Frequently Asked Questions
1. How does this home’s size compare to others in West Broadway?
It’s well above average. The neighbourhood average for comparable homes is about 2,017 square feet, so this property offers roughly 25% more living space than most homes in the area.
2. Is the assessed value a reliable indicator of market price?
Assessed value is a snapshot used for property taxes, not a guaranteed sale price. At $340,000, it ranks above average locally but below the citywide average of $390,000 for comparable homes. Given the size advantage, there could be room for value growth if the interior is in good condition, but condition and upgrades matter more than assessed value alone.
3. What should I expect from a home built in 1904?
Older homes often have solid framing, plaster walls, and architectural character that newer builds lack. However, expect potential issues with outdated electrical, plumbing, insulation, and possibly foundation work. A thorough home inspection is essential, and you should budget for ongoing maintenance or phased renovations.
4. How does the lot size affect usability?
At 3,856 square feet, the lot is around average for Balmoral Street but below the Winnipeg norm. This is typical for a central, older neighbourhood—you get a manageable yard, but not expansive outdoor space. Good for a small garden or patio, less so for large families wanting a big backyard.
5. Who is this property not ideal for?
It’s less suited for buyers seeking a low-maintenance, move-in-ready newer home, or anyone who needs a large lot for parking, workshops, or extensive outdoor living. Similarly, first-time buyers on a tight budget should weigh the potential for older-home repairs against the appeal of the extra square footage.