235 Powers Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,440 sqft home built in 1907, sitting on a 4,356 sqft lot in the William Whyte neighbourhood. Its standout feature is the land: the lot ranks in the top 11% on the street and top 7% in the area, offering notably more outdoor space than most nearby properties. The living area is also well above the street and neighbourhood averages, though it falls slightly below the citywide median for comparable homes.
The assessed value of $198,000 is above both the street and neighbourhood averages, but sits well below the citywide norm—suggesting the property offers more space for a relatively modest price within the local market. The home is older than most in the city (top 96% citywide by age), but roughly in line with its own street and neighbourhood, where older character homes are common.
This property would suit buyers who prioritize indoor and outdoor space over a newer build, and who are comfortable with a century-old home that likely has original character and may need updates. It’s a strong fit for someone looking for a larger lot in a walkable, established neighbourhood, or for a buyer who sees value in a home that ranks high locally but below citywide averages in assessed value.
Frequently Asked Questions
1. How does the assessed value compare to similar homes?
The assessed value of $198,000 is above the street average ($164,100) and the neighbourhood average ($149,100), but well below the citywide average for comparable homes ($390,100). This means the property is priced higher than most nearby homes, but still offers significant value relative to the broader Winnipeg market.
2. Is the home in a historic or older neighbourhood?
The home was built in 1907, which is typical for this area—the average year built on Powers Street is 1921, and in William Whyte it’s 1927. Many homes in the neighbourhood have similar vintage character. Buyers should expect an older structure and should plan for maintenance typical of century homes.
3. What does “living area rank” tell me about the property?
The 1,440 sqft living area ranks in the top 11% on Powers Street and top 20% in the neighbourhood. That means most homes nearby are smaller, so this property offers more interior space than what’s typical for the area. Citywide, it lands in the top 34%, which is considered about average.
4. How does the lot size compare?
The land area of 4,356 sqft is well above average for both the street and neighbourhood, ranking in the top 11% and top 7%, respectively. Compared to the citywide average of 6,570 sqft, it’s around average. This is a lot that stands out locally but isn’t unusually large across Winnipeg as a whole.
5. What type of buyer should consider this property?
It’s a good fit for buyers who want a larger home and yard in a central, older neighbourhood without paying a premium for a newer build. Someone comfortable with the character and potential upkeep of a century home, and who values local space over citywide comparisons, would find this property appealing. It may also attract investors or renovators due to the generous lot size.