294 Charles Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,244 sqft home built in 1909, located in the William Whyte neighbourhood of Winnipeg, on a 3,262 sqft lot. Its assessed value is $162,000.
Where its appeal lies: The property sits in a sweet spot between affordability and neighbourhood-level consistency. While the home is smaller than others on Charles Street (ranked 22nd out of 29) and has a lower assessed value than street average, it matches up well against the wider neighbourhood. Its living area and assessed value are both around the neighbourhood average (top 33% and top 34% respectively), meaning you're getting a home that fits the local norm rather than standing out as unusually small or expensive. The year built (1909) is older than most homes in Winnipeg (top 95% citywide), which often appeals to buyers looking for pre-war construction, character details, or a more established street.
What type of buyer it would suit: This property is well-suited for first-time buyers or investors who want entry into a stable, established neighbourhood without paying a premium for a larger lot or a newer build. The smaller land area (3,262 sqft vs. the neighbourhood average of 3,277 sqft) means less outdoor maintenance, which may appeal to those who want a manageable yard. It may also suit someone who values being in an area where the property is close to its neighbours in size and value—less risk of being the "most expensive house on the block." However, buyers should go in aware that the home is older and the land is on the smaller side compared to citywide averages, which could limit future expansion or resale upside.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
It's smaller than the average home on Charles Street (1,576 sqft) but actually slightly larger than the neighbourhood average (1,158 sqft). Citywide, it sits in the middle—top 46% for living area. So it's a modest home that fits the local context well.
2. Is the assessed value of $162,000 reasonable?
Yes, given the neighbourhood median of $149,100, it's slightly above average but still very affordable compared to the citywide average of $390,100. The ranking (top 34% locally) suggests it's priced in line with similar homes in William Whyte.
3. What does the year built (1909) mean practically?
It's an older home, even by the neighbourhood's standards (average year built is 1927). Buyers should expect original construction details, potential outdated systems, and the need for inspections focused on knob-and-tube wiring, plaster walls, foundation condition, and lead paint. On the upside, older homes often have solid framing and character features that newer builds lack.
4. Is the lot size a limitation?
The lot (3,262 sqft) is well below the Charles Street average of 4,891 sqft and the citywide average of 6,570 sqft. It's very close to the neighbourhood average of 3,277 sqft, so it's typical for the area. If you want a large yard or room for a garage or extension, this lot may feel restrictive.
5. How does this property compare to similar homes in Winnipeg overall?
Citywide, this home ranks in the bottom 4% for assessed value (top 96%), bottom 15% for land area, and bottom 5% for newer construction. It's a value-oriented property in an older, established neighbourhood—not a showpiece, but a solid, affordable option in a location where homes are consistently modest in size and price.