201 Powers Street – Property Summary

Key Characteristics & Buyer Profile

This is a character-rich 1908 home with 1,626 square feet of living space, placing it well above average for its street, neighbourhood, and even citywide comparisons. On Powers Street, it ranks in the top 5% for size—significantly larger than the typical home in the area. The assessed value of $159,000 is roughly in line with the street and neighbourhood averages, but notably lower than the citywide median of $390,100. That gap is worth paying attention to: you get more space than most homes in Winnipeg at a price well below what comparable homes cost across the city.

The trade-off is a smaller-than-average land footprint (2,158 sqft), ranking near the bottom both on the street and in the neighbourhood. This isn’t a property for someone looking for a large yard or expansion space. Instead, it suits buyers who prioritize interior square footage and a compact, low-maintenance lot. The home’s age also stands out: it’s one of the older properties citywide, meaning original character and craftsmanship are likely, but so is the need for ongoing maintenance and possibly upgrades to systems.

Who it suits: First-time buyers or investors looking for generous indoor space at an entry-level price point. Also a good fit for someone who values old-home character and doesn’t mind a smaller lot or the quirks that come with a property over a century old.

Five Frequently Asked Questions

1. Why is the assessed value so much lower than the city average when the living area is well above average?

The assessed value reflects location and local market conditions more than raw square footage. The William Whyte neighbourhood has a lower median home value than many other parts of Winnipeg, so a larger home in this area still appraises far below the citywide average. This isn’t unusual—it simply means the property offers good space for the price within its specific market.

2. The land area is below average for both the street and neighbourhood. What does that mean practically?

A smaller lot means less yard maintenance and lower outdoor upkeep costs. It also typically means less privacy from neighbours and limited room for additions, garages, or large gardens. For someone who wants a compact, manageable property, it’s a practical advantage. For someone hoping to expand or have outdoor space, it could be a limitation.

3. How does the age of the home affect things like insurance or renovations?

Homes built in 1908 often have solid framing and unique architectural details, but they may also have older electrical, plumbing, or insulation systems. Insurance can be slightly higher, and some lenders have stricter requirements for older homes. Renovations may uncover surprises, so a thorough inspection is wise. That said, many older homes in this area have been updated over the years—it’s worth checking what’s original versus replaced.

4. How does this property compare to others in the William Whyte neighbourhood overall?

It ranks in the top 11% for living area in the neighbourhood, so it’s one of the larger homes in the area. Its assessed value sits around the 35th percentile—slightly above average locally but not dramatically so. Land size is the biggest outlier, ranking in the bottom 2%. So you’re getting a lot of house on a relatively small piece of land, which is an uncommon combination in this neighbourhood.

5. What should I look for specifically in a home of this vintage?

Pay attention to the roof, foundation, and windows—these are common areas where age shows first. Check for signs of knob-and-tube wiring or old galvanized plumbing. Also look at how the home has been maintained: updated systems add value, but deferred maintenance can add up quickly. An experienced home inspector familiar with pre-1920s construction is a good investment here.