52 Balmoral Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1904-built home with 3,788 sq. ft. of living space on a 5,699 sq. ft. lot, located on Balmoral Street in Winnipeg’s West Broadway neighbourhood. The property stands out for its size—it ranks in the top 1% citywide for living area, and top 13% neighbourhood-wide for lot size. The assessed value ($310,000) is around average for the street and neighbourhood, which means the value is tied more to the space than to recent upgrades or a high-end finish. The home is older than 99% of properties citywide, so buyers should expect a character home with period details, not a move-in-ready modern house. The appeal lies in the combination of generous square footage, a large inner-city lot, and a price that reflects the age rather than the space. This suits buyers who prioritize room to spread out—families who need multiple rooms for flexible use, or someone looking for a property with potential to renovate or reconfigure. It’s less likely to suit someone seeking a low-maintenance, newer build in a cookie-cutter subdivision.
Frequently Asked Questions
1. How does this home compare to others on Balmoral Street?
It ranks #1 for living area out of 79 homes on the street, and #13 for lot size. Its assessed value is close to the street average, so you’re getting significantly more indoor and outdoor space than most neighbours for roughly the same tax base.
2. What is West Broadway like as a neighbourhood?
West Broadway is an older, central Winnipeg area with a mix of historic houses, apartments, and small commercial strips. It’s walkable to downtown and the Exchange District, but hasn’t seen the same level of rapid redevelopment as some other inner-city pockets. The lot and living area rankings here (top 13% and top 1% respectively) suggest this property is notably larger than the neighbourhood norm.
3. Is this a renovation project, or is it livable as-is?
The data shows the home is 120 years old and near the bottom citywide for age. No condition notes are provided, but the assessed value being close to the street average implies it’s not been significantly updated compared to peers. Buyers should expect systems and finishes from a different era unless recent work has been done—worth verifying in person.
4. How does the lot compare to typical Winnipeg properties?
At 5,699 sq. ft., the lot is above average for Balmoral Street and the neighbourhood, but sits below the citywide median (6,570 sq. ft.). In central neighbourhoods, lots this size are becoming rare—it’s large enough for a sizeable garden, garage addition, or possible secondary suite (subject to zoning).
5. Why is the assessed value lower than the citywide average?
The citywide average assessed value for comparable homes is $390,100, while this property is assessed at $310,000. The main factors are likely age (1904 vs. city average of 1966) and location within an older, less affluent neighbourhood. The unusual combination of low assessment and top-tier living area is what makes this property potentially undervalued for someone who values space over modernity.