1588 Wolseley Avenue W – Property Summary
Key Characteristics & Buyer Profile
This 1910 home in West Wolseley offers 1,788 square feet of living space on a 4,580-square-foot lot, with an assessed value of $673,000. The property performs well above average in both assessed value and living area within its neighbourhood and city-wide, while the year built and land area sit closer to local norms.
Where the appeal lies: The home holds strong value relative to its peers. It ranks in the top 8% of assessed value within West Wolseley and the top 5% city-wide—a significant gap from the neighbourhood average of $386,400 and the city average of $390,100. The living area also stands out: at 1,788 square feet, it’s well above the neighbourhood average (1,321 sqft) and city average (1,342 sqft), while falling slightly below the street average (1,858 sqft). In other words, you’re getting more interior space than most homes in the area, at a property value that suggests above-average finishes or location desirability.
Less obviously, the year built (1910) places it among the older homes on the street and in the neighbourhood. For buyers who appreciate pre-war character, older construction, or established neighbourhoods, this isn’t a drawback—it’s a feature. The land area (4,580 sqft) is close to average for West Wolseley but smaller than the city median, which may matter if outdoor space is a priority.
Who it suits: Buyers who want a large, well-valued home in an older, established Winnipeg neighbourhood—without paying for a massive lot. It’s a good fit for someone who values interior square footage and assessed value over having the newest build or the largest yard. It may appeal to those looking for a property with history and room to update on their own terms, as well as to buyers who see the top-tier city-wide value ranking as a sign of strong long-term equity.
Frequently Asked Questions
1. How does this home’s assessed value compare to others nearby?
It’s above average on the street (top 21%), well above average in the neighbourhood (top 8%), and in the top 5% city-wide. The assessed value of $673,000 is significantly higher than the neighbourhood average of $386,400 and the city average of $390,100.
2. Is the 1910 construction date a concern?
It depends on your perspective. The home is older than most on the street and in the neighbourhood, which may mean original details, thicker walls, or established landscaping. It could also mean older systems or deferred maintenance. A home inspection would clarify what’s original and what’s been updated.
3. How large is the lot, and is it typical for the area?
The lot is 4,580 square feet, which is around average for West Wolseley but smaller than the city-wide median of 6,570 square feet. On the street, it’s slightly below the average of 5,947 square feet. It’s not a sprawling yard, but it’s in line with what many homes in the neighbourhood offer.
4. How does the living area compare to other homes in West Wolseley?
It’s above average. The home has 1,788 square feet of living space, while the neighbourhood average is 1,321 square feet. It’s also above the city average of 1,342 square feet, though slightly below the street average of 1,858 square feet.
5. What does the “rank by land area, larger = better rank” note mean in practical terms?
It means the ranking system treats a larger lot as more desirable. This home’s lot is around average, so it doesn’t stand out in that category. If maximizing yard size is a priority, this property may not be the best fit—but if indoor space and overall value matter more, the land area is not a disadvantage.