226 Ethelbert Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1906 home in Wolseley with 2,341 sq. ft. of living space on a 3,620 sq. ft. lot. Its assessed value is $399,000.
The property’s main strength is interior space. It ranks in the top 4% citywide for living area, meaning it is significantly larger than most comparable homes in Winnipeg. In the Wolseley neighbourhood, it sits in the top 7% for size. The lot is slightly below average for the street itself but still above average for the neighbourhood, which is typical for older Wolseley homes where lots were carved up earlier.
The assessed value is interesting. On Ethelbert Street, this home is priced below the street average of $454k, but it sits above the broader neighbourhood average of $371k. This suggests you are getting a home that is larger and more valuable than the typical Wolseley property, but possibly without the premium that some of the more updated or stately homes on this particular street command. The year built (1906) places it among the older homes on the street and in the city, so buyers should be prepared for the maintenance and character that come with a century home.
Who it suits: Buyers who prioritize generous interior square footage over a large yard. People who appreciate the Wolseley character—mature trees, walkable streets, older architecture—and are comfortable with a home that may need ongoing updates rather than being turn-key. It is less suited for someone wanting a large private lot or a newer, low-maintenance property.
Five Possible FAQs
1. How does the $399k assessed value compare to similar homes in Wolseley?
Above average for the neighbourhood (top 30%), but below the average on this specific street. This means you’re paying a bit less than some of the more prominent homes on Ethelbert, while still being in a well-regarded part of Wolseley.
2. Is the lot size limiting?
On the street, it is one of the smaller lots (bottom 5%), but in the neighbourhood it is typical or slightly above average. You won’t have a sprawling yard, but you get a functional outdoor space that fits the area’s character.
3. What should a buyer know about a home built in 1906?
It is among the older stock in the city (top 2% oldest). That usually means solid original construction, but also potential for older wiring, plumbing, and foundation quirks. A thorough home inspection and a review of any recent upgrades is strongly recommended.
4. How does the living space compare to what’s typical in Winnipeg?
This is the strongest feature. At 2,341 sq. ft., it is in the top 4% citywide. For context, the average comparable home in Winnipeg is 1,342 sq. ft. It is a genuinely large house, especially for the Wolseley area.
5. Is Wolseley considered a good investment area?
Generally, yes. It is an established, walkable neighbourhood close to the river and downtown. The property’s assessed value sits above the neighbourhood average, and the size gives it a rarity factor. Steady demand over time is reasonable, though resale value will depend heavily on the condition of the home itself.