109 Chestnut Street – Property Summary
Key Characteristics & Buyer Profile
This 1910 home in Wolseley offers 1,986 square feet of living space on a 3,092-square-foot lot. Its standout feature is assessed value: at $503,000, it ranks in the top 3% on Chestnut Street and the top 10% in the neighbourhood. The living area is also strong—top 28% on the street, top 23% in Wolseley, and top 11% citywide.
The property’s appeal lies in its size and value density. You’re getting a larger-than-average home in an established, older neighbourhood, without paying a premium for an oversized lot. Lot size here is average for the street and neighbourhood (3,092 sqft vs. 3,167 and 3,434 sqft respectively), but well below citywide norms—which is typical for older urban areas. The home was built in 1910, which is slightly older than the street average (1913) and considerably older than the citywide average (1966). That means you’re buying into a mature neighbourhood with character homes, but you should also expect the maintenance needs of a century-old house.
This property would suit buyers who prioritize interior space and a strong assessment-to-value ratio over a large yard. It’s a natural fit for someone drawn to Wolseley’s walkable, tree-lined streets and who wants a home that already ranks well in local value comparisons—whether for resale confidence or long-term equity.
Frequently Asked Questions
1. How does the lot size compare to other homes in Wolseley?
It’s right around the neighbourhood average—3,092 sqft versus 3,434. Nothing exceptional, but not small for the area. If you’re expecting a deep backyard typical of post-war suburbs, you’ll find this lot more modest, which is standard for older, inner-city neighbourhoods.
2. What does “top 3% on the street” for assessed value actually mean in practice?
Very few homes on Chestnut Street are valued higher than $503,000. It suggests this property is one of the larger, more desirable, or better-maintained options on the block. Keep in mind that assessed value isn’t the same as market price, but it’s a reliable indicator of how the city views the property relative to its neighbours.
3. Should the 1910 build year be a concern?
It depends on your tolerance for older-home quirks and maintenance. The home is older than both the street and neighbourhood averages. While that often means better craftsmanship and more character, you’ll want to budget for updates to systems (electrical, plumbing, insulation) that may be original or nearing end of life. A thorough inspection is strongly recommended.
4. How does this property rank for living space compared to newer homes citywide?
Very well. It’s in the top 11% citywide for living area among comparable homes, with 1,986 sqft versus a city average of 1,342 sqft. That’s a substantial difference. If you need room for a growing family or want generous common areas, this is a major selling point.
5. What kind of neighbourhood feel should I expect?
Wolseley is known for its canopy of elm trees, mix of heritage homes, and proximity to the Assiniboine River and parks. It’s a family-friendly, walkable area with an older housing stock—so you’ll see fewer cookie-cutter layouts and more variety in architecture. The trade-off is that lots are smaller and homes are older, but for many buyers, that’s exactly the appeal.