67 Maryland Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,462 square foot home built in 1905 on a 4,091 square foot lot in Winnipeg’s West Broadway area. Its assessed value is $236,000.
Where the appeal lies: The standout feature here is the land. The lot ranks in the top 16% on the street and top 39% in the neighbourhood—well above typical sizes for this area. That gives real flexibility: expansion, gardening, or simply having more outdoor space than most nearby properties. The assessed value also sits comfortably below the neighbourhood average ($295,400) and well below the citywide average ($390,100), which points to relatively modest pricing given the lot size. The house itself is older (1905), but it’s consistent with the character of the street and neighbourhood, where most homes were built around 1910.
What it’s not: The living area is below the neighbourhood average and slightly smaller than the street average. This isn't a large home by West Broadway standards. The value is in the land, not the square footage.
Who it suits: Buyers who prioritize outdoor space, lot value, or future development potential over move-in-ready interior size. It could work for someone comfortable with an older home who sees the lot as the main asset, or for a buyer looking to renovate or expand. Less suited to someone wanting a large, finished home in a prime location without any work.
Frequently Asked Questions
1. How does this home compare to others on the street?
On Maryland Street, it ranks 59th out of 179 for assessed value (top 33%), 101st for living area (top 56%), and 29th for land area (top 16%). The lot is the clear differentiator—far above average for the street. The house size is about average for the street, and the year built (1905) is typical for the area.
2. Why is the assessed value below the neighbourhood average?
The neighbourhood average in West Broadway is $295,400. This property is assessed at $236,000. The gap likely reflects the smaller living area (1,462 sqft vs. the neighbourhood average of 2,017 sqft) and possibly the age and condition of the home. The land value is decent, but the structure brings the total down.
3. Is this a good investment property?
The land-to-building ratio is favourable—the lot is significantly larger than most in the area, while the building is smaller. That often signals upside if you can add square footage or redevelop. But the neighbourhood itself ranks in the bottom 26% citywide for assessed value, so appreciation may be slower than in higher-demand areas. It’s a measured opportunity, not a guaranteed win.
4. What are the property taxes likely to be?
Based on the assessed value of $236,000, taxes would be proportional to that figure. Since the citywide average assessed value is $390,100, taxes here should be noticeably lower than the typical Winnipeg home. Exact figures depend on the current mill rate for your property class.
5. How does the age of the home affect its value?
At 119 years old, this home is older than 98% of properties citywide. Age brings both character and risk. The upside: it predates modern construction trends and likely has solid bones if maintained. The downside: systems (plumbing, electrical, foundation) may need updating, and insurance can be pricier for very old homes. A thorough inspection is strongly recommended.