Property at 3-52 Fawcett Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a 1913-built unit with 666 square feet of living space and an assessed value of $122,000. The property sits in Winnipeg’s Wolseley neighbourhood, a older, established area known for its mature trees and character homes.
What stands out here is the age. At 111 years old, this unit is the oldest on its street (ranked #1 out of 14) and significantly older than the citywide average of 1990. That means you’re buying into a building with real history, but it also suggests you should budget carefully for maintenance and updates. The trade-off is that older properties in Wolseley often have better construction and more character than newer builds—something that matters if you value craft over cookie-cutter.
The living area is below average across every comparison: street, neighbourhood, and city. At 666 square feet, it’s a compact space. The assessed value is below street and city averages but sits around the middle for Wolseley. The ranking math (top 68% in the neighbourhood) suggests this unit is priced realistically for what it is within the local market.
This property would suit a buyer who is willing to trade square footage for location and character. It’s not for someone expecting a spacious modern layout. It would work well for a single person, a couple, or someone looking for a starter home in a walkable, central neighbourhood. It might also appeal to an investor targeting the lower end of the Wolseley rental market, where older, smaller units have steady demand. If you’re someone who appreciates pre-war architecture and doesn’t mind a tighter floor plan, this is worth a look.
Five Possible FAQs
1. How does the assessed value compare to what units in Wolseley actually sell for?
Assessed value is based on municipal estimates, not market price. In Wolseley, sale prices can be above or below assessed value depending on condition, updates, and demand. The assessed value here is around the middle of the neighbourhood, but a home inspection and recent comparable sales would give a more accurate picture.
2. Why is being the oldest unit on the street an advantage?
Older buildings in Wolseley were often built with higher-quality materials—solid wood framing, plaster walls, and better brickwork—than many mid-century or modern constructions. They also tend to have higher ceilings and more character details. The downside is older plumbing, wiring, and insulation, so factor in potential upgrades.
3. Is 666 square feet enough for two people?
It depends on the layout and your lifestyle. If the unit has an open floor plan and good storage, it can work. If you’re someone who works from home or has a lot of furniture, it may feel tight. Seeing the floor plan in person is essential.
4. What should I know about the neighbourhood before buying?
Wolseley is a dense, walkable area close to the Assiniboine River, with older homes, local shops, and a mix of renters and long-term owners. Some streets are quieter than others. Check foot traffic, parking availability, and whether there are any planned developments nearby that could change the character.
5. How does the age affect insurance and financing?
Some lenders may require a larger down payment for properties built before 1950, especially if the electrical, plumbing, or roof hasn’t been updated recently. Insurance premiums can also be higher. Ask your insurer and mortgage broker about age-related requirements before making an offer.
For a detailed neighbourhood map and side-by-side comparisons of nearby properties, open the neighbourhood analysis page.