38 Ruby Street

38 Ruby Street — Property Summary

Key Characteristics & Buyer Profile

This is a 1920s home in Wolseley with 1,313 sq. ft. of living space on a 3,050 sq. ft. lot. Its assessed value is $415,000.

The property sits slightly below average for living space compared to others on Ruby Street, but it's close to the average within the wider Wolseley neighbourhood. The land is a different story: the lot is generous for the street (top 15%), which is an advantage in a neighbourhood where outdoor space is often at a premium. The assessment is also above the street and neighbourhood averages, reflecting the value placed on that lot. The 1920 build date is older than most homes in Winnipeg overall, but fits comfortably within the character of Wolseley, where older homes are the norm.

The appeal here is less about square footage and more about the land and the location. This suits a buyer who wants a house in an established, walkable neighbourhood and is willing to trade a slightly smaller interior for a larger yard—especially given that the lot size is a strong point relative to the street. It also suits someone who values the character of a 1920s home and understands that while the house is older than the city average, it's right at home in Wolseley. It may not be the best fit for a buyer focused on maximum interior space or a newer build.

Five Possible FAQs

1. How does the living space compare to other homes in Wolseley?
   At 1,313 sq. ft., it's close to the neighbourhood average of 1,622 sq. ft. It's smaller than the average on Ruby Street itself (1,686 sq. ft.), but the lot is significantly larger than typical for the street.

2. Is the assessed value reasonable for what you get?
   The $415,000 assessment is above both the street and neighbourhood averages, and near the city average. This suggests that the land and the home's condition or location are carrying weight. It's something to compare with your own sense of value, especially given the lot size.

3. What's the advantage of the lot being in the top 15% on Ruby Street?
   In a neighbourhood like Wolseley, where lot sizes can vary a lot, a larger yard usually means more flexibility—gardening, outdoor storage, or expansion possibilities. It's a feature that tends to hold value over time.

4. Is the 1920 build a concern?
   It depends on your perspective. The home is older than the Winnipeg average (1966), but it's newer than the average home on Ruby Street (1916) and in Wolseley (1916). In this neighbourhood, a 1920s home is typical, not unusual. The main thing is how well it's been maintained.

5. Who is this home not ideal for?
   It's probably not ideal for someone who needs a large, open modern floor plan or a newer build with minimal maintenance. If a big interior is the priority, other options on larger lots in the city may suit better.