116 Ethelbert Street – Property Summary
Key Characteristics & Buyer Fit
This is a 1911-built home in Wolseley with 2,186 sq. ft. of living space on a 3,821 sq. ft. lot. Its assessed value is $494,000.
The property sits in a curious middle ground. On Ethelbert Street itself, it’s fairly average in size and value—ranking near the middle of the block. But when compared to the wider Wolseley neighbourhood, it stands out: the living area ranks in the top 13%, and the assessed value is in the top 11%. The lot is also notably generous for the street (top 13%) and for the neighbourhood (top 19%), though it’s small by citywide standards.
The house is older than most on its street and in the neighbourhood, and significantly older than the city average (which is 1966). That’s not unusual for Wolseley, but it does mean a buyer should expect original character, possible maintenance needs, and limited modern updates—or the opportunity to build equity through renovations.
This property would suit a buyer who values space and a good lot within an established, walkable neighbourhood, and who is comfortable with a home of this vintage. It may be less appealing to someone seeking a turnkey, low-maintenance property or a newer build. The street-level rankings suggest the house is priced in line with its immediate neighbours, so the value proposition is more about the neighbourhood and square footage than getting a deal on the block.
Frequently Asked Questions
1. How does this home compare to others in Wolseley?
In terms of living area, it’s well above the neighbourhood average (2,186 sq. ft. vs. 1,622 sq. ft.). Its assessed value is also above average for the area. The lot is slightly larger than the neighbourhood norm, though not dramatically so.
2. Is the assessed value of $494,000 a realistic market price?
Assessed value is not the same as market value—it’s a baseline used for property taxes. On its street, the average assessment is $454,300, so this home is above that, but it ranks 32nd out of 63 homes, meaning it’s not an outlier. Market price will depend on condition, updates, and buyer demand.
3. The house was built in 1911. What does that mean practically?
An older home often means solid construction, character details, and larger rooms. It can also mean older electrical, plumbing, insulation, and windows. Buyers should budget for ongoing maintenance and potential upgrades, especially if previous renovations are limited.
4. Why is the lot ranked high for the street and neighbourhood but low citywide?
Ethelbert Street and Wolseley generally have smaller lots than the Winnipeg average, which includes newer suburban subdivisions with larger parcels. On this street, a 3,821 sq. ft. lot is among the larger ones, but citywide, it’s smaller than three-quarters of properties.
5. What is the “neighbourhood analysis map” and should I look at it?
It’s a tool that shows this property alongside nearby homes, allowing you to compare year built, square footage, assessed value, and lot size visually. It’s useful if you want to see how this house fits into the block and surrounding streets, rather than just looking at averages.