31 Lenore Street – Property Summary
Section One: Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s Wolseley neighbourhood with an 864-square-foot living area and a 3,053-square-foot lot. The house was built in 1923, which puts it among the older homes on its street and within the neighbourhood, but notably older than the citywide average of 1966. The assessed value is $372,000, sitting close to the average for both the street and the neighbourhood, but slightly below the citywide benchmark.
The appeal here is not square footage or a large lot—both are below average compared to nearby homes. Instead, the property offers relative value for its location. On its own street, it ranks in the top 40% for assessed value despite being smaller than most neighbours, which suggests the land or location is holding its worth. The lot size is above average for the street but average for Wolseley, meaning you get a bit more outdoor space than immediate neighbours without paying a premium.
This home would suit a buyer who values being in Wolseley and is willing to trade interior space for a decent-sized lot and an older character home. It’s a realistic fit for someone looking for a starter home or a renovation project in an established central neighbourhood, rather than a buyer expecting turnkey finishes or generous living areas.
Section Two: Frequently Asked Questions
1. How does the living area compare to other homes nearby?
It’s well below average. On Lenore Street, the average living area for comparable homes is 1,717 square feet—nearly double this property’s 864 square feet. It ranks in the bottom 1% on the street and bottom 4% in Wolseley.
2. Is the assessed value reasonable for the size?
Yes, relative to the street and neighbourhood. Despite the small living area, the assessed value of $372,000 is around average for Lenore Street and Wolseley. This likely reflects the land value and location more than the house itself.
3. How old is the house, and is that typical for the area?
Built in 1923, it’s older than most homes on Lenore Street (average 1917) and Wolseley (average 1916), but it’s significantly older than the citywide average of 1966. In context, it fits the character of the neighbourhood.
4. What about the lot size—is it small for Winnipeg?
The 3,053-square-foot lot is above average for Lenore Street but average for Wolseley. Citywide, it’s small (bottom 13%), but that’s typical for central neighbourhoods where lots tend to be tighter.
5. Who would this property not be ideal for?
Buyers looking for a spacious single-family home or a large yard will find it restrictive. It also may not suit someone who wants a newer, low-maintenance property, given the 1923 build and below-average living area relative to nearby homes.