686 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1915 home on Manitoba Avenue in Winnipeg’s William Whyte neighbourhood offers 1,039 square feet of living space on a 3,550-square-foot lot. Its assessed value is $101,000.
The property’s main appeal lies in its land-to-building ratio. While the living area is close to the street average, the lot size (3,550 sqft) ranks in the top 21% within the neighbourhood, meaning more outdoor space than many nearby homes. The assessed value is notably low—in the bottom 4% on the street and bottom 1% citywide—which reflects both the home’s age (1915) and the area’s market conditions. This isn’t a polished turnkey property; it’s a candidate for someone willing to take on updates or a longer-term hold.
The ideal buyer would be someone comfortable with an older home in a transitioning neighbourhood, possibly looking for a project or an entry point into homeownership with a lower purchase price. The low assessment suggests potential for below-market acquisition, but it also signals that comparable sales in the immediate area are soft. It’s less suited for someone seeking move-in-ready condition or strong short-term resale value.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
The living area (1,039 sqft) sits close to the average for Manitoba Avenue (1,063 sqft) and slightly below the William Whyte neighbourhood average (1,158 sqft). You’re not getting an unusually small or large home for the area—it’s fairly standard.
2. Why is the assessed value so much lower than the street average?
The street average is $216,600, which is likely pulled upward by a few higher-value properties. This home’s $101,000 assessment places it near the bottom of the street (top 96% means only 4% of homes are assessed lower). Contributing factors include its age, condition, and possibly smaller interior square footage compared to some newer or renovated neighbours.
3. Is the lot considered large for the area?
Yes, relative to the neighbourhood. The lot ranks in the top 21% in William Whyte, where the average lot is 3,277 sqft. Citywide, however, it’s below average (6,570 sqft), so the lot is generous for this immediate area but not oversized by wider Winnipeg standards.
4. What does the year built (1915) mean in terms of maintenance?
It’s older than most homes on the street (average 1945) and much older than the citywide average (1966). Expect systems that may be original or outdated—plumbing, electrical, foundation, insulation. This is a home that likely requires ongoing upkeep and possibly major renovations. Buyers should budget for inspections and unknowns.
5. How should I interpret the ranking data?
The rankings compare this property to others with similar characteristics (e.g., single-family homes) within three scopes: the street, the neighbourhood, and the city. A “top 96%” ranking on assessed value means it’s in the bottom 4%—the opposite of a high rank. For living area, “top 42%” means it’s slightly above the midpoint on the street. The bar fill shows what share of peers you outperform; red, blue, amber, or gray colours indicate performance tiers (e.g., above average vs. below). The neighbourhood map analysis (linked on the original page) provides a visual comparison to specific nearby homes.