Key Characteristics & Buyer Profile
This is a 1911 home in Wolseley with 1,917 square feet of living space on a 3,312-square-foot lot. Its assessed value sits at $471,000.
Where its appeal lies: The property’s standout feature is its size. It ranks in the top 17% for living area on its street, top 13% citywide, and is well above the average for both its street and neighbourhood. The lot is also generous for the street, ranking in the top 13%. The assessed value is notably high for the street (top 7%) but more moderate within the city overall (top 25%). This suggests a home that has been well-maintained or updated, holding value above its immediate neighbours. The building’s age (1911) is average for Wolseley but very old by city standards—this is a character home, not a new build.
What type of buyer it would suit: Someone who values space—both indoors and outdoors—within an established, inner-city neighbourhood. A buyer looking for a larger-than-average character home on a solid lot, who understands that the premium paid for a bigger house in a desirable older area like Wolseley is reflected in the assessed value. It’s less suited to buyers seeking a newer, low-maintenance property or a massive suburban lot.
Frequently Asked Questions
1. How does the lot size compare to other homes in Winnipeg?
While the lot is larger than most on its street (top 13%), it is actually smaller than the citywide average for comparable homes (ranking in the bottom 17%). This is typical for a central, older neighbourhood like Wolseley—lots are more modest than what you’d find in newer subdivisions, but the location and street appeal compensate.
2. Is this a good investment property?
The assessed value is strong relative to the street, which suggests the home is already priced within a premium tier for the area. Price growth may be more stable than dramatic. However, the larger living area and lot do offer more potential for future value increases than a smaller home on the same street, provided the interior is well-kept.
3. What does the year built (1911) mean for maintenance?
You are buying an old home in an average-condition range for Wolseley. Expect original construction quirks, potential for older systems (plumbing, electrical, foundation), and the need for proactive upkeep. The upside is that homes of this vintage often offer solid materials, high ceilings, and character details not found in modern builds.
4. How does this property compare to other homes on Home Street specifically?
It is a top-tier property on this street. It has one of the largest living areas (top 17%) and one of the highest assessed values (top 7%). It also sits on one of the larger lots (top 13%). In short, it stands out as a premium option within its immediate block.
5. What is the neighbourhood (Wolseley) like for this type of home?
Wolseley is a well-established, walkable neighbourhood with a mix of character homes. This property sits near the upper end for living area (top 27%) and value (top 14%) within the neighbourhood, meaning it is a larger, more valuable home than most of its Wolseley peers. It fits well for someone who wants a standout home in a desirable, central area without being the absolute largest or most expensive on the street.