2-272 Home Street – Property Summary
Key Characteristics & Buyer Profile
This is a 623-square-foot home built in 1914, located on Home Street in the Wolseley neighbourhood of Winnipeg. Its assessed value is $134,000.
The property’s main appeal is its relative affordability. While the unit is smaller than the street, neighbourhood, and city averages for comparable homes, its assessed value is close to the street and neighbourhood average—and well below the citywide average. This suggests a cost-efficient entry point into a sought-after older neighbourhood. The building’s age (1914) is typical for Wolseley, which is known for its early 20th-century housing stock.
This home would suit buyers who prioritize location and character over square footage. Wolseley attracts people who value walkability, established tree-lined streets, and proximity to the river and shops. Buyers looking for a low-maintenance, smaller space—or those willing to invest in cosmetic updates in a historically rich area—would find this property practical. It is less suited for those seeking a modern or spacious layout, or for families needing multiple rooms.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 623 sqft, it is slightly smaller than the average on Home Street (690 sqft) and notably below the Wolseley average (830 sqft). In a citywide comparison among similar homes, it ranks in the bottom 6% for size.
2. What does the assessed value of $134,000 mean in context?
The value is close to the street average ($138,700) and the neighbourhood average ($145,800), but far below the citywide average ($256,100). This indicates the price is consistent with the local market, while being very low relative to Winnipeg as a whole.
3. Is the building’s age (1914) a concern?
It is typical for Wolseley, where the average year built is 1936. Many homes in the area have been updated over time. Buyers should budget for older-home maintenance (e.g., plumbing, electrical, insulation), but age alone is not unusual for this neighbourhood.
4. How does this property rank among similar homes on the street?
It ranks 15th out of 36 for assessed value (top 42%) and 21st out of 36 for living area (top 58%). This means it offers slightly better value for money relative to size street-wide.
5. What is the neighbourhood like in terms of housing style?
Wolseley is known for early 1900s homes, often with character details like wood trim, original windows, and front porches. This unit fits that profile. Buyers interested in the area should expect a mix of updated and original-condition homes, with a strong sense of community and mature greenery.