Here is a clean, standalone summary of the property at 108 Walnut Street.
Key Characteristics & Buyer Profile
This is a 1910 home in Wolseley with 1,839 square feet of living space on a 2,339-square-foot lot. The property’s main appeal is its generous interior size relative to its price. City-wide, it ranks in the top 16% for living area, but its assessed value sits well below average—ranking in the bottom 16% (top 84%) on its own street and in the bottom 4% (top 96%) within the neighbourhood. This means you get significantly more square footage than most homes in the city, at a price point that is noticeably lower than typical homes on Walnut Street or in Wolseley.
The trade-off is the land. The lot is smaller than average for the street, neighbourhood, and city—ranking in the bottom 2% city-wide. This is common for older, infill-adjacent properties in established areas. The home was built in 1910, which is typical for the street but older than most homes in Winnipeg overall.
Who it suits: Buyers who prioritize indoor space and value over outdoor footprint. It’s a strong fit for someone looking for a larger home in a central, mature neighbourhood without paying the premium that usually comes with it. It may also appeal to those who appreciate pre-war construction and don’t need a large yard. It is less suited to buyers seeking a big lot, a newer home, or an asset with high immediate resale value relative to the local market.
FAQs
1. Why is the assessed value so low compared to other homes on the street and in the neighbourhood?
The lower assessment likely reflects the smaller land area and the home’s age relative to newer or renovated homes nearby. While the living area is above average, the overall lot size and condition as assessed bring the value down. This isn’t necessarily a negative—it means the purchase price may be more accessible than nearby comparables.
2. Does the small lot mean there’s no outdoor space?
Not exactly. At 2,339 square feet, the lot is small by city-wide standards but still offers a usable yard. In Wolseley, many homes on similar-sized lots have gardens, patios, or small lawns. You won’t have a sprawling backyard, but it’s not a zero-lot-line situation either.
3. Is a 1910 home a risky purchase?
Like any century-old home, it depends on maintenance history. The year built is average for Walnut Street, meaning many neighbours have similar vintage homes. Older homes often have solid framing and character details but may need updates to electrical, plumbing, insulation, or foundation. A thorough inspection is always recommended, but the age alone isn’t a red flag in this neighbourhood.
4. How does the living space compare to typical Winnipeg homes?
Very favourably. At 1,839 square feet, this home is in the top 16% city-wide for living area. The typical comparable home in Winnipeg is about 1,342 square feet. You’re getting nearly 500 extra square feet compared to the city average, which is a significant advantage.
5. Could this property be a good investment or renovation project?
Potentially, if you’re looking for value-add potential. The low assessed value relative to living area suggests there may be room for equity growth through thoughtful updates. However, the small lot limits certain types of expansion (like adding a large garage or a major addition). It’s better suited for someone who wants to improve the house itself rather than the land.