112-70 Maryland Street – Property Summary
Key Characteristics & Buyer Profile
This 947 sqft property, built in 1981, sits on Maryland Street in the Wolseley neighbourhood of Winnipeg. What stands out most is its size relative to the local market. On its own street, it ranks in the top 2% for living area—significantly larger than the street average of 770 sqft. In the broader Wolseley area, it’s still well above average, ranking in the top 23%. Citywide, it sits around the middle. The assessed value tells a similar story: above average for the neighbourhood (top 27%) but roughly average for the street and city. The property is newer than most nearby homes—built in 1981, compared to a street average of 1966 and a neighbourhood average of 1936—which places it in the top 6% of Wolseley for age.
The appeal here is a matter of proportion. A buyer gets a home that feels spacious by local standards, without paying a premium that matches that size advantage. The assessed value on the street and citywide is only around average, meaning the extra square footage doesn't come with a proportional jump in valuation. This could reflect a market that hasn't fully priced in the space advantage, or simply that the home lacks other high-value features. Either way, it suggests a pragmatic buy—someone who values usable space and a newer build in an older neighbourhood, rather than flash or prestige. The property would suit a buyer who wants more room than most Wolseley homes offer, especially if they're willing to trade a bit of architectural character for modern square footage. Families, remote workers needing a home office, or anyone tired of tight floor plans might find this a solid fit.
Frequently Asked Questions
1. Is this property a good value compared to other homes in Wolseley?
Yes, in terms of space per dollar. The assessed value is above average for the neighbourhood, but only modestly so, while the living area is significantly above average. If you're looking for a larger home in the area and can accept that the valuation hasn't fully caught up to the size, it's a reasonable buy.
2. How does the property's age affect maintenance or insurance?
Being built in 1981, it's newer than most homes on Maryland Street and in Wolseley. That usually means fewer major structural updates (e.g., knob-and-tube wiring, lead pipes) than in century homes. You may still need to consider updates typical of 1980s builds, like windows, insulation, or roofing, depending on their condition. Insurance rates shouldn't be penalized by age alone, as long as the home is well-maintained.
3. Is the "top 2%" ranking on its street misleading?
Not exactly, but context helps. The street is a small sample—42 comparable homes—so ranking #1 doesn't mean it's a mansion. It means it's the largest of that group. On a street where most homes are around 770 sqft, 947 sqft stands out. It's a real advantage, but it's relative to a modest baseline.
4. Why is the assessed value on the street only average if the size is top-tier?
Assessed value reflects more than square footage—it considers condition, lot size, location quirks, and recent sales. A large home that doesn't have updates, has an awkward layout, or sits on a less desirable part of the street might not get a valuation bump. It could also mean the market in that immediate area doesn't command high prices for size alone. It's worth investigating the property's condition and the street's character.
5. What's the citywide perspective on this property?
Citywide, the home is around average in size (top 55%) and assessed value (top 65%). It's not remarkable on a city scale, but it's not a fixer-upper or a luxury outlier. In a city where the average comparable home is 1,042 sqft, this one is slightly smaller—but in its immediate neighbourhood, it's large. That tension is the core of its value proposition.