496 Manitoba Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,414 sqft home built in 1907, sitting on a 3,547 sqft lot in Winnipeg’s William Whyte neighbourhood. Its biggest standout feature is living space: the home is significantly larger than most properties on its street (top 13%) and well above the neighbourhood average. For someone who prioritises interior square footage over land size, this offers good value—the lot is modest by citywide standards, but the house itself is roomy.

The assessed value is $171,000, which is above average for the neighbourhood but below average for Winnipeg as a whole. That gap matters. It suggests the property is priced in line with local market conditions rather than inflated by broader city trends. The year built (1907) places it among older homes both locally and citywide, which may appeal to buyers who appreciate character architecture or are open to renovations, but could be a concern for those wanting move-in-ready modern builds.

Who it suits: Buyers looking for generous interior space in a central, older neighbourhood—first-time homeowners, small families, or investors who see potential in a well-sized house on a modest lot. It’s less suited to someone prioritising a large yard or a newer, low-maintenance home.

Five Possible FAQs

1. How does the living area compare to other homes nearby?
It’s one of the largest homes on Manitoba Avenue—ranked in the top 13% locally—and well above the neighbourhood average of 1,158 sqft. Citywide, it sits around the middle of the pack.

2. Is the assessed value a fair reflection of market price?
Above average for William Whyte, but below average across Winnipeg. That could mean the home is priced realistically for its area without the premium seen in higher-demand citywide zones. Always get a comparative market analysis for a full picture.

3. What should I expect from a 1907 home?
Older homes often have solid bones and distinctive details, but they may need updates to electrical, plumbing, insulation, or roofing. Budget for inspections and potential upgrades. The property is older than 96% of homes citywide, so factor in maintenance history.

4. How does the lot size affect usability?
The 3,547 sqft lot is typical for the street but smaller than the city average (6,570 sqft). It’s adequate for a backyard garden or small patio, but not for extensive landscaping or additions requiring large setbacks.

5. What does the neighbourhood ranking tell me about value?
The home outperforms 70% of properties in William Whyte on assessed value, but ranks low citywide. This suggests the area is more affordable than many Winnipeg neighbourhoods—potentially a good entry point for buyers who want space without the central-winnipeg price tag.