313 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Suitability
This is a 720 sqft home built in 2007, sitting on a 2,698 sqft lot in Winnipeg’s William Whyte neighbourhood. Its standout feature is the year built: it’s newer than 91% of homes on the same street, 92% of homes in the immediate area, and 87% of homes citywide. For a neighbourhood where the average home dates back to 1927, this property offers a relatively modern structure without the premium of a newly built house.
The assessed value tells an interesting story. At $178,000, it’s slightly below the street average of $216,600 but sits well above the neighbourhood average of $149,100. This suggests the home is priced more in line with the street’s character rather than the older housing stock around it. The living area (720 sqft) and land area (2,698 sqft) are both below average across all three comparison levels—street, neighbourhood, and city.
The appeal here is for buyers who want a newer, lower-maintenance home in an older, established area—without paying for a large footprint. It suits first-time buyers, investors looking for a rental with modern bones, or anyone who values energy efficiency and reduced upkeep over square footage or yard space. The small lot might deter families wanting a big garden, but it could be a deliberate choice for someone who prefers a compact, manageable property.
Frequently Asked Questions
1. How does the assessed value compare to similar newer homes in the area?
The $178,000 assessment is about 20% below the street average, but the street average is skewed by older, larger homes that often carry higher valuations. Within the neighbourhood, this property is above average by about $29,000—meaning it’s priced higher than the typical older home but still considered a reasonable entry point for a 2007 build. Comparable newer homes in William Whyte are rare, so direct comparisons are limited.
2. Is a 720 sqft home considered small for Winnipeg?
Citywide, the average living area for comparable homes is 1,342 sqft, so yes—this is well below the norm. That said, for a home built in 2007, the layout is likely more efficient than an older 720 sqft home. Buyers coming from apartments or condos may find the size perfectly adequate, while those used to suburban bungalows may feel cramped.
3. Why is the land area so much smaller than the street and neighbourhood averages?
The street average lot size is 4,014 sqft, and the neighbourhood is 3,277 sqft—both significantly larger than this lot’s 2,698 sqft. This is common for infill or newer builds on subdivided lots. The trade-off is a smaller yard but less maintenance and likely a more compact, energy-efficient footprint. It’s worth checking if the lot is a standard legal size for the area.
4. What does the “Top 88%” ranking for living area actually mean?
It means this home has a smaller living area than 88% of homes on the same street. In other words, it ranks in the bottom 12% for size on Manitoba Avenue. The same logic applies to the neighbourhood (bottom 11%) and city (bottom 5%). The ranking is relative—so while the home is small, it’s consistent with being in a neighbourhood dominated by older, larger houses.
5. Is this property a good investment for rental income?
The combination of a modern build (low immediate repair risk) and below-average purchase price relative to newer stock could appeal to landlords targeting tenants who want something move-in ready. The small lot keeps landscaping costs low. However, the lower living area and land size may limit rent potential compared to larger units nearby. Checking recent rental comps in William Whyte for homes of similar age and size would be essential.