239 Ruby Street – Property Summary
Key Characteristics and Buyer Profile
This 1,430-square-foot home on Ruby Street in Wolseley, Winnipeg, was built in 1910 and sits on a 3,028-square-foot lot. Its assessed value is $270,000.
The property’s appeal lies in its balance of space and value relative to its immediate surroundings. While the living area is slightly below average for the street, it actually exceeds the citywide average for comparable homes (1,342 sqft). Similarly, the land area is slightly above the Ruby Street average but well below citywide norms—meaning you get more yard than many older city properties, though not a sprawling lot.
The assessed value is notably below both the street and neighbourhood averages (around $100,000 less than the typical Wolseley home), and sits well under the citywide median. Year built is also below average—even by Wolseley’s older standards—which may appeal to buyers who want a character home but are aware of potential maintenance.
This property would suit a buyer looking for an entry point into the Wolseley neighbourhood—someone open to an older home in need of updates, who values proximity to the area’s established tree-lined streets and walkability over a turnkey finish. It’s less suited for someone seeking a property that already matches the neighbourhood’s higher assessed values or larger living spaces.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It’s smaller than the average home on Ruby Street (1,686 sqft) and slightly below the Wolseley average (1,622 sqft), but above the citywide comparable average (1,342 sqft). So it’s modest for the neighbourhood, typical for the area, and generous for the city.
2. Why is the assessed value so much lower than the street average?
The assessed value ($270,000) ranks in the bottom 10% on Ruby Street, where the average is $372,500. That likely reflects a combination of the home’s older age, smaller living area, and possibly fewer updates or lower-quality finishes compared to neighbouring properties.
3. Is a 1910 home a risky purchase in Wolseley?
Not necessarily—many Wolseley homes date from that era and the neighbourhood is known for character housing. However, being older than even the local average (1916) means systems like plumbing, electrical, insulation, and foundation may be original or early replacements. A thorough home inspection is strongly recommended.
4. What’s the lot actually good for?
The 3,028 sqft lot is slightly larger than the Ruby Street average (2,977 sqft) but smaller than the Wolseley average (3,434 sqft). It supports a small yard and garden, but won’t accommodate major additions or extensive landscaping. It’s a comfortable city lot, not a family-sized one.
5. How does this property compare to similar listings in Winnipeg?
Citywide, this home ranks in the top third for living area (top 34%) and top 22% for assessed value (meaning 78% of comparable homes are assessed higher). So relative to the whole city, it’s smaller and more affordable than most—but in Wolseley, those numbers shift the other way.