472 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,168 sqft home built in 1903 on a 3,547 sqft lot, located in the William Whyte neighbourhood. Its assessed value is $169,000.
The property stands out most for its lot size relative to the immediate neighbourhood. While the lot is smaller than the citywide average (3,547 sqft vs. 6,570 sqft), it ranks in the top 24% within William Whyte, meaning many nearby homes sit on less land. The living area is slightly above average for the street but roughly average for the neighbourhood and city.
The home is significantly older than surrounding houses—built in 1903, when most homes on the street date to 1945 and most citywide to 1966. This makes it a candidate for someone who values character, original details, or is open to renovation. The assessed value is below average for the street ($169K vs. $216K) but above the neighbourhood average ($149K), suggesting it may be priced attractively for its block while still being affordable by citywide standards.
This property would suit buyers who are comfortable with an older home and want a larger-than-typical yard in this specific area. It may appeal to someone looking for a project or a fixer-upper with good bones, especially if they value a more established street within a working-class inner-city neighbourhood. It is less suited for someone seeking a turnkey home or a modern layout without investment.
Frequently Asked Questions
1. How does the property's age compare to others in the area, and what should I expect from a 1903 home?
The home is older than 96% of properties on its street and 99% citywide. Homes from this era often have solid wood framing, high ceilings, and older plumbing or electrical systems. Buyers should budget for potential updates to insulation, wiring, and foundation work, and check for any historical designation that could affect renovations.
2. What does the assessed value of $169,000 tell me about the market?
The assessment is below the street average ($216K) but above the neighbourhood average ($149K). This suggests the property is priced competitively for its immediate block, likely reflecting its age and condition. Citywide, it is well below average ($390K), making it one of the more affordable options in Winnipeg—but keep in mind that assessments don't always match market price in a shifting market.
3. Is the lot size considered generous?
It depends on the comparison. Within the William Whyte neighbourhood, the lot ranks in the top 24%, meaning it is larger than most nearby lots. However, it is below average for the city as a whole (3,547 sqft vs. 6,570 sqft). For this area, it offers decent outdoor space without being oversized.
4. What is the living area like compared to similar homes?
At 1,168 sqft, the home is slightly larger than the street average (1,063 sqft) and comparable to the neighbourhood average (1,158 sqft). It is smaller than the citywide average (1,342 sqft). This is a comfortable size for a small family or couple, but not expansive.
5. How does the neighbourhood (William Whyte) affect resale value or lifestyle?
William Whyte is an older, inner-city neighbourhood with a mix of historic homes and newer infill. It has convenient access to downtown and major routes, but also faces challenges like lower median incomes and some aging infrastructure. Resale value will depend heavily on the condition of the home and any upgrades made, as well as broader trends in the area. Buyers should visit at different times of day to get a feel for the street.