164 Chestnut Street – Property Summary
Key Characteristics & Buyer Profile
This 1910 home in Wolseley offers a notably large living area for its price point. At 1,993 square feet, it ranks in the top 11% citywide and top 25% on its street, while its assessed value of $316,000 sits around average for both the neighbourhood and city. The land is modest by Winnipeg standards—3,129 square feet—ranking in the bottom 14% citywide, which is typical for older infill neighbourhoods where lots were originally smaller.
The appeal here is square footage per dollar. A buyer gets significantly more indoor space than most homes at a similar assessed value, without paying a premium for a large yard. The home is also older than the vast majority of city properties (built 56 years before Winnipeg’s average), which suggests solid original construction but likely means some systems—electrical, plumbing, insulation—may be original or need updating.
This property suits a buyer who prioritizes interior room over outdoor space, and who is comfortable with a home that needs ongoing maintenance or renovation. It would be a strong fit for someone looking for a larger family home in an established character neighbourhood without paying top-of-market prices. It’s less suited to buyers seeking a move-in-ready home with modern finishes or a generous lot for gardening, garages, or expansion.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes?
The home’s assessed value of $316,000 is slightly below average for Chestnut Street ($358,500) and the Wolseley area ($371,300). It ranks in the top 66% citywide, meaning it’s roughly in the middle third of all Winnipeg homes by value. The lower assessment relative to the neighbourhood suggests the property may be priced below comparable homes on the same street.
2. Is the living area unusually large for this neighbourhood?
Yes. At nearly 2,000 square feet, it’s above average on the street, in the neighbourhood, and especially citywide. Most homes in Wolseley average about 1,622 square feet, so this property offers roughly 23% more indoor space than the typical area home.
3. What should I know about the age of the house?
Built in 1910, it’s one of the older homes on Chestnut Street (top 18%) and significantly older than the Winnipeg average of 1966. While older homes often have better materials and craftsmanship, they may also have outdated wiring, plumbing, and less effective insulation. A thorough home inspection is recommended.
4. Why is the land area so small compared to other Winnipeg homes?
The lot is typical for this part of Wolseley, where many homes were built on narrower, shorter lots in the early 1900s. Citywide, the average land area is over 6,500 square feet, so this property’s 3,129-square-foot lot is on the smaller side. Buyers looking for a large backyard, double garage, or room for additions should note this limitation.
5. How do the rankings work?
The rankings compare this home to “comparable homes” within the same street, neighbourhood, and city. A higher rank (lower percentage) means the property outperforms more of its peers in that category. For example, ranking top 11% for living area means it’s larger than 89% of comparable homes citywide. Rankings are based on city assessment data, not market value or recent sale prices.