Property Summary: 14-52 Fawcett Avenue, Winnipeg
1. Key Characteristics, Appeal, and Ideal Buyer
This is a 561 sqft home built in 1913, located on Fawcett Avenue in the Wolseley neighbourhood. Its standout feature is its age: it is the oldest home on its street (top 7%), built the same year as the earliest comparable properties in the area. This gives it a strong sense of history and character that newer homes lack. The living area and assessed value are both below average at every level—street, neighbourhood, and citywide—which directly reflects its modest size and vintage condition. The property is ranked in the bottom 2% citywide for both size and value, meaning it is one of the smallest and least expensive homes among comparable properties in Winnipeg.
The appeal here is not in space or modern finishes, but in affordability and entry into a desirable central neighbourhood. Wolseley is known for its tree-lined streets, older homes, and walkable, community-oriented vibe. For a buyer who values location over square footage, and who is willing to invest in updates over time, this property offers a low barrier to entry in a market where citywide averages for comparable homes are $256,000 and 1,042 sqft. It would suit a first-time buyer, a downsizer, or an investor looking for a smaller asset in a stable, established area. The home’s low assessed value ($100,000) also suggests lower property taxes than typical Wolseley properties.
2. Frequently Asked Questions
Q: Is the “Taon ng Paggawa” data the same as “Year Built”?
Yes. That field refers to the year the home was constructed. This property was built in 1913, making it one of the older homes in the area.
Q: Why is the assessed value so much lower than the neighbourhood average?
The $100,000 assessed value reflects the home’s small size (561 sqft) and likely its current condition. The neighbourhood average of $145,800 includes larger and potentially updated homes. Assessed value is based on market factors, but size is a major driver.
Q: What does “Top 98%” mean in the citywide rankings?
It means this home ranks in the bottom 2% of all comparable homes citywide for living area and assessed value. In other words, 98% of comparable homes in Winnipeg are larger or more valuable. It is a small outlier relative to the city.
Q: Does being the oldest home on the street mean it’s in poor condition?
Not necessarily, but age often comes with older systems (plumbing, electrical, foundation) that may need attention. The data doesn’t speak to condition, only construction year. A home inspection would be essential to understand what’s original and what’s been updated.
Q: How does the lot size compare to nearby properties?
The provided data does not include lot size. To see a side-by-side comparison of lot size, year built, living area, and assessed value for this property and nearby homes, use the neighbourhood analysis map tool linked on the property page.