698 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Fit
This is a 1,422 sqft single-family home built in 1911 on a 3,550 sqft lot in Winnipeg’s William Whyte neighbourhood. The house is notably larger than most properties on its street (top 12%) and in the surrounding area (top 21%), putting it well above the local average for living space. Its assessed value sits at $154,000, which is below the street average but roughly on par with the neighbourhood median—suggesting the price reflects the older structure rather than any significant renovation premium.
The appeal here is straightforward for a specific type of buyer. You’re getting more interior square footage than most homes in this part of the city, on a lot that’s also above average for the neighbourhood. The trade-off is age: the house was built in 1911, placing it among the older homes on Manitoba Avenue and city-wide. Buyers who are comfortable with an older home’s character—thick plaster walls, original trim, potentially unrenovated systems—will find this property offers space that newer builds in the same price range rarely match. It’s less suited for someone wanting a move-in-ready modern finish or a low-maintenance property.
The land area is average for the street but generous for the neighbourhood, which could matter if you’re considering future expansion or simply want a yard that feels proportionate to the house. City-wide, the assessed value is in the bottom 3%, reflecting both the home’s age and the neighbourhood’s lower price tier relative to Winnipeg as a whole. That makes this a candidate for buyers looking to enter the market at a lower entry point while avoiding a cramped floor plan.
Five Possible FAQs
1. How does the assessed value compare to other homes in William Whyte?
It’s close to the neighbourhood average of $149,100, sitting just slightly above. On its own street, the value is below the $216,600 average, likely because many nearby homes are newer or have been more extensively updated.
2. Is this house considered large for its age group?
Yes. The 1,422 sqft living area is well above the street and neighbourhood averages (1,063 sqft and 1,158 sqft respectively). Most homes built around 1911 in this area are smaller, so this property offers uncommon interior space for its era.
3. What should I expect from a home built in 1911?
Older construction typically means solid materials but potentially outdated electrical, plumbing, and insulation. You may also encounter lead paint or asbestos in older finishes—these are common in pre-1920s homes and something to budget for if renovation is planned.
4. How does the lot size stack up?
At 3,550 sqft, the lot is average for Manitoba Avenue but above average for William Whyte, where the typical lot is 3,277 sqft. City-wide it’s smaller than the norm, but that’s typical for older inner-city neighbourhoods.
5. Is this property a good investment for a first-time buyer?
That depends on your tolerance for older-home maintenance and your desire for space. The assessed value is low city-wide, and the square footage is generous for the price point. If you’re handy or willing to tackle updates gradually, the combination of size and location could offer solid long-term value.