197 Home Street – Property Overview
Key Characteristics & Buyer Profile
This is a 2,086 sqft home on a 3,280 sqft lot, built in 1910. The living area is notably above average at every level—street, neighbourhood (Wolseley), and citywide—ranking in the top 11% on Home Street and top 9% across Winnipeg. The assessed value of $460,000 is also high relative to the street (top 7%) and neighbourhood (top 15%), though it sits closer to the citywide average. The lot size is above average for the immediate street but below average for Winnipeg as a whole, which is typical for older urban infill. The 1910 build is around average for the neighbourhood but old by city standards—something to keep in mind for maintenance and updates.
The appeal lies in space. This is a larger home in a desirable older neighbourhood, where many comparable properties have smaller footprints. It offers more room than typical Wolseley houses without the larger lot that usually comes with it. That trade-off—more interior square footage on a compact lot—suits buyers who prioritize living area over yard space, especially those who want a character home in a walkable, established area.
This property would suit someone looking for a substantial older home in a central neighbourhood, likely a family or couple who values interior space and is comfortable with the realities of a century-old house—possible updates to systems, period details, and a lot that won’t require heavy maintenance. It’s less suited to buyers who want a big yard, a new build, or a low-maintenance exterior.
Five Possible FAQs
1. Is this a good value compared to other homes in Wolseley?
The assessed value is above the neighbourhood average ($371,300) and well above the street average ($242,700). That reflects the larger living area, not necessarily a premium. You’re paying for square footage more than lot size—something to weigh if you’re comparing to other homes in the area.
2. How old is the house, and what should I look out for?
Built in 1910, which is typical for Wolseley but old citywide. Expect older wiring, plumbing, and possibly foundation work. Ask about updates—especially to electrical, heating, and windows. A home inspection with a focus on the roof and basement is wise.
3. How does the lot size compare?
At 3,280 sqft, it’s above average for Home Street (2,787 sqft) but below average for Wolseley (3,434 sqft) and well below the city average (6,570 sqft). The yard is manageable but not large—fine for gardening or a small family, but not for extensive outdoor use.
4. What’s the neighbourhood like?
Wolseley is an established Winnipeg neighbourhood with a mix of character homes, mature trees, and local shops. It’s walkable, close to the river, and popular with families, professionals, and anyone wanting central access. The street itself ranks well for both living area and assessed value, suggesting it’s a solid pocket within the area.
5. How does this home rank citywide?
The living area is in the top 9% of comparable homes across Winnipeg, and the assessed value is in the top 27%. The lot size is in the bottom 16% citywide. In short: this is a spacious home on a smaller-than-average lot, which is a common profile for older urban properties.