184 Ethelbert Street – Property Summary
Overview & Buyer Profile
This is a 1,568 sqft home built in 1908 on a 3,807 sqft lot in Winnipeg’s Wolseley neighbourhood. Its assessed value is $497,000.
Key characteristics: The house is older than most on its street, in the neighbourhood, and across the city (ranking in the bottom 4–12% for year built depending on the comparison group). The living area is small for Ethelbert Street (bottom 3%), about average for Wolseley, but above the citywide average for comparable homes. The lot is slightly smaller than others on the street, above average for Wolseley, but well below the citywide average. Assessed value is above average at every level—street, neighbourhood, and city.
Where the appeal lies: The value here isn’t in size or newness. It’s in location and land-to-house proportion. Wolseley is a mature, walkable neighbourhood with older homes, large trees, and proximity to the river and downtown. The lot is generous by local standards, which may offer room for a garage, garden, or future expansion. The assessed value reflects demand in this area, not square footage.
Who it suits: Buyers who prioritize neighbourhood character and location over a big or modern house. Someone looking for a smaller home on a decent lot in an established area—and who is comfortable with the upkeep that comes with a 1908 build. Not ideal for someone wanting move-in-ready, turnkey, or a large open layout without renovation. Also less suited to buyers who need a large lot by citywide standards.
Frequently Asked Questions
1. Is this a good investment?
It depends on your goals. The assessed value is significantly above the Wolseley average ($497k vs. $371k), which suggests the location commands a premium. But the house is old and small by street standards, meaning its value is tied more to the land and neighbourhood than the structure itself. Appreciation will likely follow the area, not the house size.
2. How much work will the house need?
Without an inspection, nobody can say for sure. But a 1908 home almost certainly has older systems (wiring, plumbing, heating) and may have foundation or insulation issues. Buyers should budget for ongoing maintenance and potential upgrades, especially to meet modern efficiency or safety standards. This is not a low-maintenance property.
3. Can I build an addition or renovate?
Possibly. The lot is 3,807 sqft—above average for the neighbourhood but below citywide norms. Zoning and setbacks will dictate what’s allowed. Given the older housing stock in Wolseley, some homes have been expanded, but you’d need to check with the city and consider the impact on the character of the street. A renovation could also affect the assessed value significantly.
4. How does this compare to other homes for sale in Wolseley?
Most Wolseley homes are also older, so the age isn’t unusual. But this one ranks near the bottom for year built even within the neighbourhood (top 88% oldest). Its living area is close to the Wolseley average (1,568 vs. 1,622 sqft), while the lot is above average (3,807 vs. 3,434 sqft). The assessed value is well above the neighbourhood average, meaning you’re paying a premium for the specific location and lot.
5. What’s the best use of this property?
Given the land-to-house ratio and location, this works well as a starter home or downsizer in a desirable area—especially for someone who values walkability and community. It could also be a long-term hold if you’re willing to invest in updates over time. It’s less suited to flippers or investors looking for immediate profit from a quick renovation, since the premium is already baked into the assessed value.