220 Ruby Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1911 home in Wolseley with 1,582 sq ft of living space on a 3,028 sq ft lot. Its current assessed value is $336,000.
Where it stands out most is living area. City-wide, it ranks in the top 26%, meaning it has noticeably more interior space than the typical Winnipeg home. That’s its strongest comparative feature. The year of construction (1911) also places it among older homes city-wide—within the top 7% oldest—though it's fairly typical for its own street and neighbourhood, where many homes date from the 1910s.
The assessed value is below the city-wide average of $390k and below the Wolseley average of $371k. Land area is similarly modest: it sits on a smaller-than-average lot both for the city and for the street, though it's closer to average within Wolseley itself.
Appeal: This property offers above-average interior space in an established central neighbourhood, without the price tag that often comes with that combination. The lower assessment relative to its square footage suggests potential value for someone who prioritizes room inside over yard space. It also suits buyers who appreciate pre-war character and don’t mind an older home’s maintenance realities.
Who it suits: Buyers looking for a reasonably priced older home with generous interior square footage in Wolseley, particularly those who are comfortable with a smaller lot and understand what a 1911 house typically requires in upkeep and upgrades.
Frequently Asked Questions
1. How does the living area compare to other homes in Wolseley?
It's essentially average for the neighbourhood, ranking in the top 50%. The home is larger than many city-wide homes, but not unusually large for Wolseley itself.
2. Is the assessed value below market value?
Not necessarily. The assessment is about 10% below the Wolseley average and about 14% below the city-wide average for comparable homes. This could indicate a lower asking price relative to square footage, but assessments don't always track current market conditions exactly—so it's worth comparing to recent sale prices in the area.
3. What should I know about a house built in 1911?
Homes of this era often have solid original construction but may need updated electrical, plumbing, insulation, and windows. The older age is typical for Wolseley, so local trades familiar with pre-war homes are easier to find. A thorough home inspection is advised, especially for the foundation and roof.
4. The lot is 3,028 sq ft—is that small for this neighbourhood?
It's slightly below the Wolseley average of 3,434 sq ft, but not drastically so. It's more noticeably small compared to the city-wide average of 6,570 sq ft. If you want a large yard or space for additions, this lot may feel tight. If you prefer a lower-maintenance outdoor space, it could be a plus.
5. How does this property rank against similar homes on Ruby Street?
It's around average in most categories: living area (top 63%), assessed value (top 63%), and year built (top 53%). Land area is slightly below average (top 73%). In short, it's a fairly typical home for the street, with the main differentiator being above-average interior space relative to Winnipeg as a whole.