141 Walnut Street – Property Summary
1. Key Characteristics & Buyer Profile
This is a 1908 home in Wolseley with 1,604 sq ft of living space on a 3,511 sq ft lot. Its assessed value is $346,000.
The property’s main strength is its lot size. On Walnut Street, it ranks in the top 10% for lot size—significantly larger than the street average of 2,887 sq ft. The living area is slightly below the street average but above the citywide average for comparable homes, ranking in the top 25% across Winnipeg. The assessed value sits near the middle of the pack on the street and in the neighbourhood, suggesting reasonable pricing relative to similar properties.
What makes this property interesting is the combination of an older home (1908) with a generous inner-city lot. The home’s age ranks low citywide—it’s older than 96% of homes in Winnipeg—but within the Wolseley neighbourhood, it’s less unusual. Many homes in the area date from the same era. This means a buyer is getting character and established landscaping, but should also expect the maintenance and systems updates that come with a century-old house.
This property would suit a buyer who values a larger outdoor space in a central, established neighbourhood. It appeals to someone willing to work with an older home in exchange for a lot that offers room for gardens, a workshop, or future expansion. It may be less suited for a buyer seeking a move-in-ready modern home or a low-maintenance yard.
2. Frequently Asked Questions
How does the assessed value compare to similar homes nearby?
The current assessed value of $346,000 is slightly above the street average of $337,500, but below the neighbourhood average of $371,300 and the citywide average of $390,100. It falls roughly in the middle tier across all three comparisons.
Why is the lot size considered a highlight if it’s below the city average?
Citywide averages include newer suburban properties with much larger lots—6,570 sq ft on average. Within Wolseley and on Walnut Street, this lot is well above average. The context matters: for this neighbourhood, 3,511 sq ft offers more outdoor space than most nearby properties.
The home was built in 1908. What should a buyer expect?
Homes of this age typically have solid construction but may need updated electrical, plumbing, insulation, and windows. The ranking shows this home is older than most in Winnipeg, but within Wolseley, it’s not unusual. A thorough home inspection and a review of recent upgrades is important.
How does the living area compare to other homes in Wolseley?
At 1,604 sq ft, it’s close to the neighbourhood average of 1,622 sq ft and ranks in the middle (top 48%). It’s a typical size for the area—not cramped, not oversized.
Is this property a good investment based on the rankings?
The rankings suggest balanced value. The lot size is the standout feature, and the assessed value is reasonable relative to the neighbourhood. The home’s age could mean slower appreciation if it needs major updates, but a well-maintained older home on a good lot in a desirable neighbourhood like Wolseley tends to hold its value.