Key Characteristics & Buyer Profile
This is a 2,556-square-foot home built in 1911, with a land size of 5,879 square feet. It sits on Balmoral Street in Winnipeg’s West Broadway area. What stands out here is not just the size, but how it compares to everything around it.
On its own street, this property ranks in the top 22% for living area and top 8% for land size. Across the entire city of Winnipeg, it lands in the top 3% for living space and top 11% for assessed value. That’s a house that is genuinely large by local standards—not just within its older, central neighbourhood. The land is also above average for the street and community, though closer to the citywide median, which makes sense given the density of central Winnipeg.
The assessed value of $568,000 ranks 2nd out of 79 homes on Balmoral Street and 5th out of 348 in West Broadway. That reflects both the size and the premium attached to a well-maintained early-1900s property in this area. The building itself dates to 1911, which is older than the street and community averages, but that’s common for this part of the city. It’s a historic home in a neighbourhood where many houses were built between 1906 and 1910.
Appeal and likely buyers: This property will appeal to someone who values space and character over modern finishes and move-in convenience. You’re not buying a suburban spec house—you’re buying a home with history, generous proportions, and a strong positional advantage within its street and community. Buyers who would suit this property include those looking for a long-term family home in a central neighbourhood, or someone willing to invest in updating a property with good bones. It may also interest someone who wants a larger-than-average lot in a walkable part of town, close to services and transit. Less obvious: it could work for someone who wants to live in a lower-density pocket within West Broadway, where land is more scarce and larger homes stand out.
Frequently Asked Questions
1. Why is the assessed value so much higher than the street and community averages?
The property is significantly larger than most homes nearby (top 14% in the community and top 3% citywide), and it also sits on an above-average lot for Balmoral Street. Assessed value reflects both size and location, so this house commands a premium in a neighbourhood where most homes are smaller and valued lower.
2. Does the age of the home mean it will need a lot of work?
Not necessarily, but this is an older home (1911) and older properly maintained homes in this area often have updated electrical, plumbing, and foundations. The key is to check for recent upgrades. The ranking suggests it’s in better condition compared to many similar vintage homes, but a full inspection is essential to know what you’re taking on.
3. How does the land size compare to other homes in Winnipeg overall?
The land is 5,879 square feet, which is above average for Balmoral Street and West Broadway but slightly below the citywide average of 6,570 square feet. It ranks in the top 35% citywide. For central Winnipeg, this is a generous lot—most homes closer to downtown are on smaller parcels.
4. Is West Broadway a good area for families or investment?
West Broadway is a central, walkable neighbourhood with older housing stock and a mix of owner-occupied and rental properties. It’s not uniformly upscale, but homes on blocks like Balmoral Street tend to hold value well due to size and character. Families who want space and proximity to downtown or the Exchange District often look here. Investment-wise, large lots in central neighbourhoods are relatively rare, which can support long-term appreciation.
5. What does “top 3% living area citywide” actually mean in practical terms?
It means that out of nearly 200,000 residential properties in Winnipeg, only about 5,800 have more living space than this home. For a central neighbourhood, that’s unusual. Most homes with this kind of square footage are in newer suburban developments or on much larger lots. If you need 2,500+ square feet but want to stay close to the core, options are limited—and this is one of them.