123 Ethelbert Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1912-built home in Wolseley with 2,223 square feet of living space on a 3,688-square-foot lot. What stands out here is the living area: it’s well above average for both the neighbourhood and the city. On Ethelbert Street itself, it’s roughly middle-of-the-pack in terms of size and assessed value, but compared to the broader Wolseley area, it ranks in the top 11% for living space and top 19% for assessed value. The lot is slightly smaller than the citywide average but above average for Wolseley, which is typical for a denser, older neighbourhood.
The house was built in 1912, which puts it right in line with its street and neighbourhood averages. Citywide, that’s on the older side—only about 8% of homes in Winnipeg are older. That age is part of the appeal for buyers who appreciate the character, craftsmanship, and established tree-lined streets that come with a historic neighbourhood like Wolseley.
The assessed value of $445,000 is close to the street average and noticeably above the neighbourhood average of $371,300. That suggests this property has held its value well relative to its immediate area, and may reflect either a well-maintained home or recent upgrades.
This property would suit buyers who:
- Want a larger-than-average home in a central, walkable neighbourhood
- Value pre-war architecture and the Wolseley community
- Are looking for a home that’s already in good shape but might still have room for personal updates
- Prioritize interior square footage over a large yard
Frequently Asked Questions
1. How does this home compare to others on Ethelbert Street?
It’s fairly typical for the street in terms of size, age, and assessed value. The living area (2,223 sqft) and lot size (3,688 sqft) are both near the street average, and the assessed value is just under the street average of $454,300. It’s not the biggest or most valuable house on the block, but it’s solidly in the middle.
2. Is the older construction a concern?
Homes built in 1912 can have outdated electrical, plumbing, or insulation. That said, the assessed value suggests the property is in reasonable condition. A home inspection would be wise to check for knob-and-tube wiring, foundation issues, or lead pipes. Many buyers in Wolseley see older homes as worth the upkeep for the character and location.
3. Why is the lot size below the city average but above the neighbourhood average?
Wolseley is an older, inner-city neighbourhood, so lots tend to be smaller than newer suburban developments. The citywide average of 6,570 sqft includes many large suburban lots. At 3,688 sqft, this lot is actually on the larger side for Wolseley, which is typical for a street like Ethelbert that has single-family homes rather than row houses.
4. Does this home need renovations?
The data doesn’t indicate specific renovations, but the assessed value being above the neighbourhood average could mean the home is well-maintained or has been updated. Still, a 1912 home may need kitchen or bathroom updates, new windows, or modern mechanical systems. Buyers should budget for potential upgrades, especially if they want energy efficiency.
5. How does the assessed value affect property taxes?
Property taxes in Winnipeg are based on a portion of the assessed value. At $445,000, taxes would be higher than the Wolseley average, but not dramatically so when compared to similar-sized homes in the area. The assessed value also gives a rough idea of resale potential—homes near this price point tend to sell within a predictable range in Wolseley.