Here is a clean, standalone summary of the property at 402-54 Maryland Street, written for direct display on a webpage.
This is a 2017-built unit with 755 square feet of living space. Its standout feature is its construction year—it is the newest home on Maryland Street and in the entire Wolseley neighbourhood, placing it in the top 1% locally for age. This newness is a major asset in an area where most homes date back to the 1960s or earlier.
The appeal lies in its assessment value versus its size. While the unit is smaller than the citywide average (755 sqft vs. 1,042 sqft citywide), its assessed value of $225k is notably high for the street (ranked 2nd out of 42) and the neighbourhood (ranked 11th out of 139). This suggests strong demand for newer, smaller, well-maintained properties in a central, established neighbourhood like Wolseley.
This property suits buyers who prioritise modern construction and low maintenance over maximum square footage. It would appeal to first-time buyers, downsizers, or investors looking for a newer asset in a desirable, walkable neighbourhood with a strong sense of community. The trade-off is clear: you get a newer, more efficient home, but less interior space than what a similarly priced older home elsewhere in the city would offer.
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How does the size of this unit compare to other homes in the area?
At 755 sqft, it is slightly smaller than the average for Maryland Street (770 sqft) and the Wolseley neighbourhood (830 sqft). It is significantly smaller than the average comparable home citywide (1,042 sqft). The ranking data confirms it is “around average” for the street and neighbourhood, but “below average” for Winnipeg as a whole.
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Why is the assessed value so high for a smaller unit?
The high assessment ($225k) is almost entirely driven by the fact that the building was constructed in 2017. On Maryland Street, the average assessed value for comparable homes is only $150.8k—meaning this unit is valued roughly 50% higher, reflecting the premium that the market places on new construction in an older neighbourhood like Wolseley.
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Is the neighbourhood considered desirable for long-term ownership?
Yes, generally. Wolseley is a well-established, central neighbourhood known for its tree-lined streets, older character homes, and proximity to the river and shops. However, this specific unit is a newer infill property, so the immediate neighbours are likely much older homes. The high ranking for assessed value (top 8% in the neighbourhood) suggests the market views this location as desirable for modern living.
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What does the “Top 82%” ranking for living area citywide actually mean?
It means this unit is smaller than most comparable homes across Winnipeg. Ranked #22,058 out of 26,841, it falls into the bottom 18% citywide for living area. For buyers, this confirms that you are paying a premium for the building’s age and location, not for square footage.
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Is parking or outdoor space included?
The provided data only covers living area, assessed value, and year built. Information about parking, outdoor space (balcony, yard), or condo fees is not included in this analysis. To get a complete picture, you would need to review the full listing or ask the seller directly. The open neighbourhood map analysis link would be a good next step for comparing lot sizes and layouts.