Key Characteristics & Buyer Profile
This is a 1910 home on Evanson Street in Winnipeg’s Wolseley neighbourhood, with 1,366 square feet of living space on a compact 1,998-square-foot lot. Its living area sits close to the average for its street and community, while its assessed value of $320,000 is notably below both the neighbourhood and city medians. The land is small—ranking in the bottom 3% on its street and bottom 1% citywide—which is typical for older, established areas where lots were subdivided earlier. The home’s age (1910) is right in line with its neighbours but puts it among the older 6% of properties citywide.
The appeal here lies in affordability relative to the surrounding community. In Wolseley, where the median assessed value is $371,000, this property offers a lower entry point without sacrificing interior space. The modest land size may also mean less yard maintenance. It suits buyers who value location and character over a large lot—first-time homeowners, downsizers, or those drawn to older neighbourhoods with established trees and walkable streets. It’s less ideal for someone wanting a big yard, a newer build, or a property with high resale land value.
Five Possible FAQs
1. How does the property’s assessed value compare to similar homes nearby?
The assessed value of $320,000 is close to the Evanson Street average ($328,000) and well below the Wolseley community average ($371,000). It ranks in the top 48% on its street but only the top 64% citywide. This suggests the home is priced modestly for its neighbourhood.
2. Why is the land area so much smaller than average?
At 1,998 square feet, the lot is significantly smaller than both the street and community averages (2,487 and 3,434 square feet, respectively). This is common in older, dense urban neighbourhoods like Wolseley, where original lot sizes were smaller and infill development is rare.
3. Is the home’s age a concern for maintenance or insurance?
Built in 1910, the home is older than 94% of properties in Winnipeg. While character homes of this era often have solid construction, buyers should expect older systems (plumbing, electrical, foundation) and budget for updates. Older homes may also carry higher insurance premiums, so it’s wise to get quotes early.
4. How does the interior space compare to other homes in the area?
At 1,366 square feet, the living area is slightly below the street average (1,466 sqft) and notably below the community average (1,622 sqft). However, it is slightly above the citywide average (1,342 sqft). The home offers modest but functional space, typical for its era.
5. What does “close to average” mean for the ranking data?
The rankings compare this property to others in the same street, community, and city. “Close to average” means the home falls within the middle range for that metric—neither exceptionally large nor small, new nor old. The progress bars simply show what percentage of comparable homes it outperforms in each category.