340 Manitoba Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home in Winnipeg’s William Whyte neighbourhood with a living area of 864 square feet and a land area of 3,484 square feet. Built in 1907, it sits well below the citywide average for both size and construction year. The assessed value is $109,000, which is notably low compared to the street average of $216,600 and the citywide average of $390,100.

The property’s appeal lies in its affordability and lot size relative to the immediate area. While the living area ranks in the bottom quarter for the street and neighbourhood, the land area is around average for William Whyte (top 32%), meaning the lot offers more space than many comparable homes within the neighbourhood itself. The assessed value also sits close to the neighbourhood average, suggesting the price aligns with local conditions rather than being an anomaly.

This property would suit a buyer looking for an entry-level home in an older, established part of Winnipeg—someone who values a usable lot over interior square footage, or who is open to renovation or gradual upgrades. It may also appeal to investors or first-time buyers focused on minimizing upfront cost and property tax exposure, rather than expecting modern finishes or a prime location. The low ranking citywide (top 99% for assessed value) signals that this is among the most affordable properties in Winnipeg, which limits resale upside but also lowers financial risk.

Five Possible FAQs

1. How does the living area compare to similar homes nearby?
The 864 sqft is below average at every level: on the street (average 1,063 sqft), in William Whyte (average 1,158 sqft), and citywide (average 1,342 sqft). It ranks in the top 73% on the street, meaning about 27% of comparable homes are smaller.

2. Is the assessed value in line with the neighbourhood?
Yes, reasonably so. The $109,000 value is around average for William Whyte (neighbourhood average is $149,100), but it is well below the street average of $216,600 and the citywide average of $390,100. The ranking suggests this home is priced like many others in the area, not as an outlier.

3. What does the year built actually mean for maintenance?
A 1907 build means the house is over 115 years old. While the neighbourhood has many homes from the 1920s and 1930s, this one is older than most on the street (average 1945). Buyers should expect potential issues with foundations, wiring, plumbing, and insulation. A thorough inspection is essential.

4. Is the land area a selling point?
It can be. The lot is 3,484 sqft, which is actually above average for William Whyte (3,277 sqft average) and ranks in the top 32% of the neighbourhood. For a home this small, the yard offers more outdoor space than many nearby properties—a practical advantage if you garden, park multiple vehicles, or plan an addition.

5. Who would this property not suit?
Buyers looking for a move-in-ready home with modern systems, generous interior space, or a location with strong resale potential may find this property limiting. The small living area and old construction mean it’s not a fit for families needing multiple bedrooms or for anyone unwilling to handle deferred maintenance.