248 Manitoba Avenue — Property Summary
Key Characteristics & Appeal
This is a 2,350 sqft home built in 1905, situated on a 3,480 sqft lot in the William Whyte neighbourhood of Winnipeg. Its standout feature is living space. It ranks in the top 1% for living area on its street and within the neighbourhood, and in the top 4% citywide. In practical terms, this means significantly more interior room than most nearby homes—useful for a large family, a live-in workspace, or someone who simply values generous room dimensions.
The assessed value tells a different story. At $191k, it sits around average for its street, above average for the neighbourhood (top 20%), but well below the citywide median. The land area is on the smaller side relative to the street and city averages, though roughly in line with the neighbourhood norm. The year built—1905—is older than the typical home on the street, in the area, and across the city.
The appeal here is not in a move-in-ready, low-maintenance package. It’s in the value unlocked by buying a spacious older home in a neighbourhood where assessed values are climbing above local averages. The home offers a large footprint at a price point that undercuts what that amount of space would cost in more central or newer parts of the city. This would best suit buyers who are comfortable with an older structure and see potential in a property where the space-to-cost ratio is unusually favourable—whether as a long-term residence, a renovation project, or a rental with strong space metrics.
Frequently Asked Questions
1. How does the living space compare to other homes in Winnipeg?
It ranks in the top 4% citywide for living area among comparable homes. On its own street and in the William Whyte neighbourhood, it’s in the top 1%. With 2,350 sqft, it offers roughly double the average living space of houses on the same street.
2. Is the assessed value low because the home needs work?
Not necessarily. The $191k assessed value is above the neighbourhood average ($149.1k) but well below the citywide average ($390.1k). Assessed value reflects market conditions, location, and condition—older construction and a smaller lot likely play a role, but the data alone doesn't confirm disrepair. A home inspection would clarify that.
3. The home was built in 1905—should I expect major maintenance issues?
Older homes often have different construction standards, materials, and systems. While the year built is below average across all comparison groups, many homes of this era in Winnipeg have been updated. The ranking doesn't indicate condition, just age. Key systems (roof, electrical, plumbing, foundation) should be carefully reviewed.
4. The land area seems small—is that a drawback?
It depends on your needs. At 3,480 sqft, the lot is smaller than the average on the street (4,014 sqft) and citywide (6,570 sqft), but it’s roughly in line with the neighbourhood average (3,277 sqft). If you want a large yard or room for an addition, this may feel tight. For lower outdoor upkeep, it's a plus.
5. Who would benefit most from this property?
Buyers who prioritize interior space over lot size and are open to an older home. It could work well for someone with furniture, equipment, or a large household who doesn’t want to pay a premium for a newer or larger lot. It may also suit an investor looking for a property with above-average living area in a neighbourhood where assessed values are trending above local averages.