27 Fawcett Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1905-built home with 1,116 square feet of living space on a 2,552-square-foot lot in Wolseley. The property sits on a street where most homes are slightly larger, and within a neighbourhood where lot sizes and building ages skew older and bigger. Its assessed value of $338,000 is close to the street average but notably below both the neighbourhood and city medians. The living area is smaller than most homes on Fawcett Avenue and in Wolseley generally, but it aligns fairly closely with the citywide average.
From a practical standpoint, this property suits buyers who value character and location over square footage or yard space. Wolseley is established, walkable, and known for mature trees and older homes—so the appeal lies in being part of that fabric. A smaller floor plan and lot could mean lower maintenance and utility costs, which may appeal to first-time buyers, downsizers, or investors looking for a rental in a desirable central neighbourhood. The home’s age (1905) puts it among the older stock even by Wolseley standards, so a buyer should be comfortable with the upkeep older homes require, or prepared for renovation work.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It has the second-smallest living area on Fawcett Avenue (23rd out of 24) and a lot size that’s also below average. Its assessed value sits near the middle of the street, while its age is roughly typical for the block. In short, it’s on the smaller end of the street but priced competitively relative to neighbours.
2. Is this property a good value for its size?
Yes, arguably. While the home is smaller than most in Wolseley and on its street, its assessed value is below the neighbourhood and city medians. Buyers are paying less for less space, but in a sought-after area where larger homes command a noticeable premium.
3. What should I know about the lot size?
The lot (2,552 sqft) is smaller than the street average by about 20%. It’s also well below the typical Wolseley lot. That could mean a modest backyard and less privacy from neighbours, but also less yard work. For someone who values location over outdoor space, this may not be a drawback.
4. How old is the house, and does that matter?
Built in 1905, it’s older than almost all homes in Winnipeg. This comes with potential upsides (thick walls, original details) and downsides (aging systems, insulation challenges). Expect to factor in maintenance costs that newer homes wouldn’t require. A thorough home inspection is strongly recommended.
5. Who typically buys homes like this in Wolseley?
Often, buyers are people who want to be in an established, central neighbourhood and are willing to trade modern finishes or extra space for character and location. It may also attract investors targeting the rental market in a well-connected part of the city, or first-time buyers looking for a smaller project they can afford to take on.