322 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 972 sqft single-family home on a 3,484 sqft lot, built in 1905, located in the William Whyte neighbourhood of Winnipeg. Its current assessed value is $134,000.
The property’s main appeal is its affordability relative to the city as a whole. The assessed value sits well below both the neighbourhood average ($149,100) and the citywide average ($390,100), placing it in the bottom 2% of Winnipeg homes by value. For a buyer focused on price point rather than condition or size, this represents one of the more accessible entry points into the city’s housing market.
That said, the home is small—below average in living area even on its own street, and significantly smaller than the typical Winnipeg home (1,342 sqft). The lot is also modest by city standards but slightly larger than the neighbourhood average (3,277 sqft). The year built (1905) means it’s older than most homes both locally and citywide, which may bring maintenance considerations or restrictions on renovations depending on zoning.
This property would suit a buyer who is price-sensitive and comfortable with an older, smaller home—likely a first-time buyer, an investor looking for a low-cost entry or rental, or someone willing to put in sweat equity. It’s less suited for someone seeking move-in-ready space or a property that tracks closely with area averages. The neighbourhood itself ranks around the middle for assessed value, suggesting a mix of values rather than a uniformly depressed or rising market.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On Manitoba Avenue, this home’s assessed value ($134,000) is well below the street average of $216,600. Within the William Whyte neighbourhood, it sits close to the average of $149,100, meaning it’s more in line with the immediate area than with its own street. Citywide, it falls in the bottom 2% of properties.
2. Is the living area considered small for the area?
Yes. At 972 sqft, it’s below the street average (1,063 sqft) and the neighbourhood average (1,158 sqft). Citywide, it ranks in the bottom 23% of homes by living area. It’s a compact home, even relative to its immediate surroundings.
3. What does the year built mean for a buyer?
Built in 1905, this home is older than 90% of homes on Manitoba Avenue and 98% of homes citywide. Older homes can have character and solid construction, but they may also require updates to electrical, plumbing, insulation, or foundation work. Buyers should budget for possible repairs and check whether the property is in a heritage or conservation district.
4. How does the lot size compare?
The land area is 3,484 sqft. This is below the street average (4,014 sqft) and the citywide average (6,570 sqft), but above the neighbourhood average (3,277 sqft). In the William Whyte area, it’s actually in the top third of lots by size, so the yard is relatively generous for the immediate vicinity.
5. What type of buyer typically looks at a property like this?
This home tends to attract buyers who are looking for low-cost ownership—first-time buyers with a tight budget, investors seeking a low-priced rental or flip, or anyone comfortable with an older home that may need work. It’s less likely to appeal to families needing more space or buyers who want a home that’s already updated to modern standards. The neighbourhood’s mid-range values and older housing stock mean the area itself is a mix of fixer-uppers and maintained homes.