Property Overview
168 Ruby Street is a classic two-and-a-half storey home in Winnipeg's established Wolseley neighbourhood. Built in 1911, it sits on a standard 3,033 sqft lot and features a detached garage and a renovated basement. Its standout characteristic is its generous 2,279 sqft of living area, which places it in the top 5-10% of homes in Winnipeg for size. This creates a compelling value proposition: it offers significantly more interior space than many area homes while maintaining a relatively modest assessed value compared to some neighbouring properties.
The appeal lies in this combination of historic charm, ample square footage, and a location in a sought-after, tree-lined community. It suits buyers looking for a character home with room to grow, who value space over a brand-new build. It’s particularly well-matched for those who appreciate Wolseley's vibrant, community-oriented atmosphere and are comfortable with the upkeep of a century-old home. A less obvious perspective is that its above-average size but middle-of-the-road assessment could represent a "value-add" opportunity for a buyer willing to invest in updates, potentially increasing its worth relative to the neighbourhood.
Frequently Asked Questions
1. How does the assessed value compare to similar homes?
The home's assessed value is competitive. It sits in the top third for Winnipeg overall and is higher than some comparable-sized homes on the same street, but lower than others in the immediate area, suggesting the assessment reflects its specific characteristics and condition.
2. What does the living area ranking mean for me?
Ranking in the top 5% in Winnipeg for living area is significant. It means you are getting substantially more interior space than the vast majority of homes in the city, which is a key advantage for growing families or those who work from home and need dedicated offices.
3. Is the age of the home a concern?
Built in 1911, the home is part of Wolseley's historic fabric. While this age brings character, it also means prospective buyers should budget for and prioritize a thorough inspection of major systems (like plumbing, electrical, and the foundation) that may need updating or maintenance.
4. What is the neighbourhood like?
Wolseley is a mature, centrally located neighbourhood known for its strong community feel, active residents, and proximity to amenities like the Assiniboine River, local shops, and cafes. It typically appeals to those seeking a walkable, eclectic urban lifestyle.
5. Why is there such a wide range of assessed values on nearby homes?
The variation, even among homes of similar size and age, is normal for established neighbourhoods. It reflects differences in lot specifics, renovation quality, interior finishes, and exact location. This range provides useful context for understanding where 168 Ruby Street sits in the local market spectrum.