Key Characteristics & Buyer Profile
This property at 2-52 Fawcett Avenue is a 1913-built home with 775 square feet of living space. Its standout feature is location: it ranks #1 on its street for both living area and year built, and #2 for assessed value. That means on Fawcett Avenue itself, this unit offers more space and older character than nearly all neighbours. However, the picture shifts at neighbourhood and city levels. In Wolseley, it sits around the middle of the pack—neither unusually large nor small. Citywide, both its size and assessed value ($138k) fall well below average, reflecting the modest footprint of older Wolseley homes compared to newer subdivisions.
The appeal here is twofold. First, you're getting a top-tier unit on a desirable inner-city street without paying a premium for size you don't need. The $138k assessment is notably below the neighbourhood average of $145.8k and far below the city average of $256.1k. Second, the 1913 build places it among the older homes on the street—if you value pre-war craftsmanship, established tree canopies, and walkable blocks, this fits. The property likely suits first-time buyers looking for an entry point into Wolseley, downsizers who want character without excess square footage, or investors targeting a well-located, smaller unit in a sought-after pocket.
One less obvious angle: street-level metrics can be more meaningful here than citywide ones. On a short block with 14 comparable homes, ranking #1 in size suggests this unit is a genuine outlier for the street—not just average. Citywide rankings, by contrast, pull in everything from suburban townhouses to new builds, which muddies the comparison.
Frequently Asked Questions
1. How does the 775 sqft size compare to other homes in Wolseley?
It's right around the neighbourhood average of 830 sqft. You're not getting an unusually small or large unit for the area—just a solid, standard size that fits the older housing stock common in Wolseley.
2. Is the assessed value of $138k a good deal relative to the street?
Yes. Ranked #2 out of 14 on Fawcett Avenue, this unit's assessment is above average for the street (neighbour average is $124.1k). But it's below the broader Wolseley average ($145.8k), so you're paying a bit more than immediate neighbours while still being priced lower than many nearby homes.
3. Why is the citywide ranking so low if the street ranking is high?
Citywide data includes all comparable homes across Winnipeg—many of which are newer (average build year 1990) and larger (average 1,042 sqft). This property is older and smaller than most of those, so it falls below the median citywide. The street-level data is more relevant because it compares only similar homes on the same block.
4. What does the 1913 build year mean for maintenance or character?
Homes from this era often have solid framing, high ceilings, and detailing you don't see in newer builds. But they can also come with older wiring, plumbing, or insulation. You'd want a home inspection focused on knob-and-tube wiring, lead pipes, and foundation condition. The age itself isn't a red flag—just a factor to budget for.
5. How do I view this property on a map alongside nearby homes?
The listing includes a link to a neighbourhood analysis map. Opening that page lets you compare year built, living area, assessed value, and lot size for this property against others in the immediate area—helpful for understanding whether the street-level rankings hold up block by block.