Key Characteristics & Appeal
220 Lenore Street is a 1,483-square-foot home built in 1936, sitting on a 3,022-square-foot lot in Winnipeg’s Wolseley neighbourhood. The property’s standout feature is its assessed value relative to the street and community: it ranks in the top 14% on Lenore Street and top 20% in Wolseley, meaning it holds higher tax-assessed value than most nearby homes. The house itself is also one of the newer builds on the street—top 10%—though it’s older than the city average by about 30 years.
The living space is slightly below the street average (1,717 sq ft) but close to the neighbourhood average, and comfortably above the city average. The lot is modest—on par with the street and community, but well below Winnipeg’s typical 6,570 sq ft.
This home would suit a buyer who values a well-located, established property in an older central neighbourhood like Wolseley, and who is comfortable with a smaller lot and a home that isn’t the largest on the block. It’s a good fit for someone who prioritizes solid assessment value and a relatively newer build for the area over expansive indoor or outdoor square footage.
Five Frequently Asked Questions
1. How does this home’s value compare to others in Wolseley?
It’s above average. The assessed value ranks in the top 20% within the community, suggesting the property holds its value well against nearby homes. However, the living area and lot size are both close to the neighbourhood average, so the value premium isn’t driven by extra space.
2. Is a 1936 home considered old for Winnipeg?
It depends on the comparison. On Lenore Street and in Wolseley, 1936 is newer than average—many homes in the area date to around 1916–1917. Citywide, though, the average home was built in 1966, so this property is older than typical Winnipeg homes.
3. Why is the lot size ranked low citywide but average locally?
Winnipeg has many homes with very large lots—citywide average is over 6,500 sq ft. But in Wolseley, lots tend to be smaller and more uniform. This property’s lot is typical for the street and neighbourhood, so while it’s modest by city standards, it’s not out of place in the immediate area.
4. Does a high assessed value mean higher property taxes?
Generally yes, but not automatically. The assessed value is used to calculate property taxes, but the actual tax bill depends on the city’s mill rate and any applicable phase-in adjustments. A higher assessment typically leads to higher taxes than a lower one on the same street, but comparisons to other neighbourhoods aren’t direct.
5. What does “接近平均” mean in these rankings?
The analysis uses three categories: above average, near average, and below average. “接近平均” (near average) means the figure is close to the median for that comparison group—neither significantly higher nor lower. For this home, living area, lot size, and citywide assessed value all fall into this range.