735 Manitoba Avenue – Property Summary
Key Characteristics & Buyer Suitability
This is a late-19th-century home (built 1893) with a living area of 1,380 sqft—generous for its street and neighbourhood, where the averages are 1,063 and 1,158 sqft respectively. The land is also a standout: 3,794 sqft, placing it in the top 10% of lots in the William Whyte area. This combination of older construction, above-average indoor space, and a sizable yard creates a property that feels spacious and established, not cramped or newly built.
Its assessed value of $162,000 is below the street average ($216,600) and well under the citywide median ($390,100). That gap likely reflects the age of the home and the neighbourhood’s market dynamics, rather than any single defect—comparable homes in William Whyte average only $149,100. For a buyer, this means the property may offer room for value growth if the area improves, or immediate affordability relative to newer homes elsewhere.
The appeal lies in its solid footprint (both house and land) at a relatively low entry price. It’s not a turnkey modern home—the year-built ranking puts it among the oldest 1% citywide—so buyers should expect character quirks and potential maintenance. This would suit someone who values square footage and lot size over a low-maintenance, contemporary finish. Think: a handy buyer, a renovator, or someone willing to invest sweat equity in a home with bones that already outperform the local average in space.
Five Possible FAQs
1. Is this property a good candidate for renovation or updating?
Yes, especially if you’re comfortable with older homes. The living area and lot size give you more to work with than many nearby properties. Just keep in mind the 1893 build—expect plaster walls, possible knob-and-tube wiring, and an older foundation. A thorough inspection is essential before planning any major work.
2. How does the assessed value compare to what I’d actually pay?
Assessed value is just a benchmark for property tax purposes, not a market price. The $162,000 assessment is lower than the street average, but sale prices depend on condition, demand, and recent sales in William Whyte. It’s a starting point, not a guarantee.
3. Why is the citywide ranking for land area so low if the neighbourhood ranking is high?
The lot is large for William Whyte (top 10%), but across all of Winnipeg, many newer suburban lots are much bigger—6,570 sqft on average. So it’s a relative strength locally, not citywide. That still means more yard than most nearby homes, without the sprawl of a suburban property.
4. What’s the neighbourhood like for resale potential?
William Whyte has a mix of older homes and some recent infill. The lower assessed values suggest it’s not a high-demand area yet, but the land size and living area could appeal to buyers looking for space at a lower price point. Resale will depend on how the area trends and what you put into the house.
5. Are the rankings based on all homes, or just similar ones?
The analysis compares this property to “comparable homes” within the same scope—so it filters by property type (likely single-family) and relevant characteristics. It’s not a raw comparison to every building. The “avg” shown is a rough median for that peer group, not an exact average of all properties.