Section 1: Key Characteristics, Appeal & Ideal Buyer
This property at 173 Home Street stands out primarily for its size. With 2,307 square feet of living space, it ranks in the top 3% on its street, top 8% in the Wolseley neighbourhood, and top 5% citywide in Winnipeg. The lot is also generous for the area—3,901 square feet places it in the top 4% on Home Street. In Wolseley, where lots tend to be bigger than the city average, this property still outperforms the local norm.
The assessed value reflects the property’s size and location. It’s assessed at $504,000, which is well above both the street average ($243,000) and the neighbourhood average ($371,000). While the assessment ranks in the top 5% on the street, it lands in the top 19% citywide, suggesting that while it's a premium property locally, it’s not at the very top of the city's price bracket.
The house was built in 1910. That’s close to average for the street and neighbourhood—both of which skew older—but significantly older than the citywide average of 1966. Buyers should expect the quirks and maintenance profile of an early 20th-century home.
Where the appeal lies: The property offers substantial interior space and a large lot in a historically desirable, established neighbourhood. It’s not a fixer-upper in a transitional area; it’s a large home in a street and community where similar-sized properties are rare. The combination of square footage and land is harder to find locally than the price alone might suggest.
Who it suits: A buyer who values interior space and a good-sized yard over a modern build date. This is a good fit for someone looking for a long-term family home in a walkable, character-rich neighbourhood like Wolseley, and who is prepared for the realities of an older structure—things like potential updates to plumbing, electrical, insulation, or foundation work. It may also suit someone who wants more space than newer infill homes typically offer at a similar price point.
Section 2: Five Possible FAQs
1. How does this home compare to newer homes in Wolseley or nearby areas?
This home offers significantly more living space than the Wolseley average (2,307 sqft vs. 1,622 sqft) and sits on a lot larger than most on its street. Many newer infill homes in the area are built on smaller lots or have tighter layouts. If you want both square footage and a sizable yard in an established neighbourhood, this is a strong option. However, the 1910 build year means it will lack the energy efficiency and low-maintenance finish of a newer construction.
2. Is the assessed value of $504,000 likely close to the market price?
Assessment values lag behind the market and don’t always reflect current conditions or renovations. In a desirable area like Wolseley, properties with above-average size and land can sell above assessed value. That said, the assessment places the home in a moderate price tier citywide (top 19%), so it’s not in the luxury bracket. A local realtor familiar with the neighbourhood would be best positioned to give a realistic market estimate.
3. What should a buyer know about maintaining a 1910 home?
Older homes often require attention to the foundation, roof, knob-and-tube wiring, and plumbing. Lead paint and asbestos may also be present in older materials. The good news is that this home is typical for its street and neighbourhood—1910 is close to the average build year on Home Street—so local tradespeople are familiar with that era of construction. It’s less of a wildcard than an old home in a newer part of the city.
4. What does it mean that the land is “below average” citywide but “above average” in Wolseley?
The lot is 3,901 sqft. In Wolseley, that’s larger than average (3,434 sqft) and among the largest on Home Street (top 4%). But citywide, many newer subdivisions offer lots of 6,000 sqft or more. So the lot is large for the immediate area but not oversized by suburban standards. The value is in the scarcity within this specific neighbourhood, not in raw acreage.
5. How is the “ranking” data calculated, and is it reliable?
The data compares this property against similar residential homes on the same street, within the same neighbourhood (Wolseley), and across all of Winnipeg. Rankings are based on the property's specific records for assessed value, square footage, land size, and build year. The rankings show where it falls as a percentage within each group—so “top 3%” means it’s larger than 97% of homes on that street. These are useful for relative comparison but don’t account for condition, recent renovations, or subjective neighbourhood appeal. They’re a data point, not a full picture.