681 Manitoba Avenue – Property Summary
Key Characteristics & Appeal
This is a 1905 home with 923 sq. ft. of living space on a 3,574 sq. ft. lot in the William Whyte neighbourhood of Winnipeg. Its assessed value is $107k, which is significantly below both the street and city averages. The lot is the property’s strongest feature—it ranks in the top 12% within the neighbourhood for land area, meaning you’re getting more outdoor space than most nearby homes. Inside, the living area is typical for the street but below the Winnipeg average, and the house is older than most in the area.
The main appeal here is price and land. At $107k assessed, this is one of the most affordable properties city-wide—ranking in the bottom 1% for value. That suggests a buyer who’s willing to take on a project. The larger-than-average lot could also appeal to someone interested in future expansion, gardening, or simply having more yard than a typical inner-city property offers.
This would suit a first-time buyer looking for a low entry point in a central neighbourhood, an investor seeking a low-cost entry with land value potential, or a hands-on homeowner comfortable with an older house that likely needs updates. It’s not a move-in-ready, low-maintenance home for someone wanting modern finishes without work.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
It’s well below average. On the street, the average assessed value is $216k, and in the neighbourhood it’s $149k. This property sits at $107k, which puts it in the bottom 5% of city-wide values. The low assessment is likely tied to its age, smaller living area, and possibly condition, though the data doesn’t specify.
2. Is the living area unusually small for this neighbourhood?
No. At 923 sq. ft., it’s slightly smaller than the neighbourhood average of 1,158 sq. ft., but it’s not an outlier. Many homes in William Whyte built in the early 1900s are compact. The bigger gap is compared to the city-wide average (1,342 sq. ft.), but that includes newer homes and larger suburban floor plans.
3. What does the lot size mean in practical terms?
The lot is 3,574 sq. ft.—larger than most in the neighbourhood (top 12%). That’s a generous yard for an older urban property. It could accommodate a garage, a large garden, or a future addition, depending on zoning. On the street, lots average about 4,014 sq. ft., so it’s still a bit smaller than the immediate neighbours.
4. How old is the house, and is that a concern?
Built in 1905, it’s older than 90% of homes on the street and 98% city-wide. That means the bones are over 100 years old. Expect original construction materials, potential lead paint or knob-and-tube wiring, and possible foundation or roof wear. It’s not necessarily a dealbreaker, but a thorough inspection is essential.
5. How does this rank against other properties in the neighbourhood overall?
It’s a mixed bag. The lot size is a standout (top 12% in the area), but the assessed value is below average (top 72%), and the year built is older than most. The living area is roughly average for the street but below the neighbourhood median. So, it’s a property with one clear strength (land) and several areas where it underperforms its peers.