179 Home Street – Property Summary
Key Characteristics, Appeal, and Buyer Profile
This is a 1,840 sqft home on a 3,244 sqft lot, built in 1910, with a current assessed value of $429,000. Located on Home Street in the Wolseley neighbourhood of Winnipeg, the property stands out most for its assessed value relative to the street. On Home Street, it ranks in the top 10% for value, with the street average at $242,700, and in the top 22% within Wolseley, where the neighbourhood average is $371,300. Citywide, the assessed value is around average—ranking in the top 32%. The living area is above average for the street (top 19%) and citywide (top 16%), though roughly average within Wolseley. The lot size is above average on the street (top 24%) but below average citywide—likely reflecting Wolseley’s older, denser layout.
The home’s main appeal is its strong value proposition for its immediate street and neighbourhood. It offers more space than many nearby homes, and the assessed value suggests either recent improvements, a desirable location within the street, or both. The 1910 build year is typical for Wolseley (average 1916) but old by citywide standards—this means it likely has character features (high ceilings, original woodwork, solid construction) common to the area, but may also come with older systems and maintenance needs. The lot is modest compared to newer suburban properties but generous for the street. This property would suit buyers who prioritize being in a central, established neighbourhood with walkability and character, over a large yard or a newer build. Ideal buyers include those comfortable with an older home and looking for a solid footprint in a sought-after inner-city area, possibly with room to further improve value.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The home’s assessed value of $429,000 is significantly above the Home Street average of $242,700 and above the Wolseley average of $371,300. This places it in the top 10% on the street and top 22% in the neighbourhood. Citywide, it’s around average (top 32%), meaning this home is priced notably high for its immediate surroundings but typical for Winnipeg overall.
2. Is the living space comfortable for a family?
At 1,840 sqft, the home offers above-average living space for both the street (top 19%) and citywide (top 16%). For Wolseley, it’s around average. This is a comfortable size for a small to mid-sized family, with room for multiple bedrooms and common areas, especially given the older floor plans often found in Wolseley homes.
3. How old is the house, and what should I expect maintenance-wise?
Built in 1910, it’s typical for Wolseley (average 1916) but older than most homes in Winnipeg (average 1966). Expect original character elements, but also potential issues with older plumbing, electrical, insulation, and foundation—common for homes of this era. A thorough inspection is recommended, focusing on these systems.
4. Is the lot size a limitation or a benefit?
The 3,244 sqft lot is larger than average for Home Street (top 24%) but smaller than the Wolseley average (3,434 sqft) and well below the Winnipeg average (6,570 sqft). It’s a good size for a manageable yard in a walkable urban neighbourhood—less maintenance, but limited space for large gardens or expansions.
5. What does the “neighbourhood analysis” offer?
The neighbourhood analysis page shows this property on a map next to nearby homes, allowing you to compare year built, living area, assessed value, and lot size side by side. It provides context for how this home fits within the immediate block and Wolseley at large.