143 Walnut Street – Property Summary
Key Characteristics & Buyer Profile
This 1,338-square-foot home on Walnut Street in Winnipeg’s Wolseley neighbourhood was built in 1906 on a 2,340-square-foot lot. Its assessed value is $357,000.
Where this property stands out is not in size or land—both are below average for the street and neighbourhood. The living area is smaller than most nearby homes, and the lot is notably compact, especially compared to citywide averages. What makes it interesting is its assessed value: it ranks near the middle on its street and in the neighbourhood, and slightly above average citywide. That suggests the home holds its value well relative to its modest footprint, likely due to its location in Wolseley, an established neighbourhood with strong demand.
The year built (1906) places it among the older homes in an already old area. Buyers should expect character details typical of a turn-of-the-century house, but also the maintenance realities that come with age—older windows, wiring, plumbing, and foundation work may be factors.
This property would suit buyers who prioritise location over square footage—someone who values being in Wolseley, wants an older home with potential for updating, and doesn't need a large yard or sprawling interior. It's less suited for families needing generous living space or a big lot, or for buyers seeking a newer, move-in-ready home without renovation considerations.
Frequently Asked Questions
1. How does the property's size compare to other homes in the area?
The living area is below average for Walnut Street (ranked 80th out of 87 homes) and slightly below the Wolseley neighbourhood average. The lot is also smaller than most in the area—2,340 square feet vs. the neighbourhood average of 3,434 square feet.
2. Is the assessed value in line with the neighbourhood?
Yes. At $357,000, the assessed value is around average for the street (ranking 41st out of 87) and near the middle for Wolseley. Citywide, it's slightly above the median for comparable homes. This suggests the value is supported more by location than by the size of the house or lot.
3. How old is the house, and what should I expect from a 1906 build?
The house was built in 1906, making it older than most homes on the street and in the neighbourhood. Expect original architectural details like high ceilings, trim, and possibly a brick or stone foundation. However, older homes often require updates to electrical, plumbing, insulation, and roofing—so a thorough inspection is recommended.
4. Who would this property be a good fit for?
It's ideal for someone who values Wolseley's character, walkability, and community feel over having a large house or yard. First-time buyers, downsizers, or investors looking for a property with renovation potential in a desirable area may find it appealing. It's less suitable for buyers needing substantial indoor or outdoor space.
5. How does the land size compare to other homes citywide?
The 2,340-square-foot lot is well below the Winnipeg average for comparable homes (6,570 square feet) and in the bottom 2% citywide. Buyers should be comfortable with a compact yard and limited outdoor space.