285 Young Street – Property Summary
1. Key Characteristics & Buyer Profile
This 1904 home offers 1,933 square feet of living space, which places it in the top 13% city-wide and well above the average for its own street. The assessed value sits at $283,000, slightly above the street average but below both the neighbourhood and city medians. The land is relatively compact at 2,500 square feet, ranking in the bottom quarter locally. The building itself is older than most nearby homes and significantly older than the city average.
The property’s main appeal is space per dollar. In a city where the typical home is both smaller and assessed higher, this house provides generous interior square footage at a below-average valuation. The trade-off is a smaller lot and an older structure, which will require ongoing maintenance typical of a century home. That dynamic often suits buyers who prioritize interior room—such as growing families, roommates, or someone looking for a workshop or studio space—and are comfortable with the realities of an older property. It may not appeal to those seeking a large yard or low-upkeep modern construction.
2. Five Frequently Asked Questions
Why is the assessed value low compared to the city but high on the street?
The street itself has lower-than-average property values relative to Winnipeg as a whole. So while this home is one of the more valuable houses on Young Street, the broader city median is much higher, partly due to newer and larger homes in other neighbourhoods.
How does the older construction date affect livability and costs?
A home built in 1904 likely has good bones if maintained, but buyers should expect older plumbing, electrical, and insulation. That can mean higher heating bills and potential for hidden issues. On the positive side, homes from that era often feature solid materials, tall ceilings, and character details not found in newer builds.
The land is small. What does that mean for parking, yard space, or future expansion?
At 2,500 square feet, the lot is among the smallest on the street and in the area. There may be limited backyard space, and parking will likely depend on a driveway or street permit. Expansion or major additions could be restricted by lot coverage rules.
How does this property compare to others in West Broadway?
Living space here is close to the neighbourhood average, but the lot and assessed value are both lower than typical for the area. In short, it offers interior space on par with nearby homes, but on a smaller piece of land at a lower valuation.
Who is this house not a good fit for?
Buyers wanting a large private yard, a move-in-ready modern home, or a property with low ongoing maintenance may find this house less suitable. Similarly, those looking to build equity through land appreciation might favour a larger lot, even if the house itself is smaller.