457 Stiles Street – Property Summary
Key Characteristics & Buyer Profile
This 1912 home in Wolseley offers 1,074 square feet of living space on a 2,478 sqft lot, with an assessed value of $275,000. The property sits very close to the street average for both size and value, but stands out for its age—it's among the oldest homes on Stiles Street (top 16%), and significantly older than the citywide average build year of 1966. The land and living area are below the Wolseley neighbourhood average, which tends toward larger properties. That said, the assessed value is also notably below both the neighbourhood and city medians ($371K and $390K respectively), which may reflect both the smaller footprint and the age of the structure.
Its appeal lies in the trade-off: you're getting a character home in a sought-after central neighbourhood without paying the premium often associated with larger Wolseley properties. The numbers suggest this is a relatively modest house by neighbourhood standards, which could mean less competition for buyers who prioritize location over square footage. It's best suited for someone who values the historic character of Wolseley, doesn't need a large lot or expansive interior, and is comfortable with or interested in an older home that may require updating. First-time buyers looking to get into a desirable area, downsizers, or people who prefer a compact, manageable property could all find this a reasonable fit.
Frequently Asked Questions
1. How does this home compare to others on Stiles Street specifically?
It's fairly typical for the street—the living area and assessed value are both around average, ranking 42nd and 35th out of 64 homes respectively. The land area is similarly middle-of-the-pack (34th). Its main distinction is its age: built in 1912, it's one of the earlier houses on the block.
2. The assessed value is $275K—does that reflect the market price?
Not necessarily. Assessed value is a benchmark used for property tax purposes and may lag behind market conditions. It's useful for comparison against similar homes, but actual sale prices depend on condition, renovations, demand, and other factors not captured here.
3. Why is the land area so much smaller than the Winnipeg average?
Wolseley is an older, more densely developed neighbourhood with smaller lots than newer suburban areas. The citywide average of 6,570 sqft reflects post-war subdivisions with generous yards, while this property's 2,478 sqft lot is typical for a central, early-1900s street.
4. What does a 1912 build year mean in practice?
It means the house predates most modern building standards. Plumbing, electrical, insulation, and foundation systems may be original or updated to varying degrees. Buyers should budget for potential upgrades and get a thorough inspection focused on systems and structure—not just cosmetics.
5. Why does the property rank higher on its street than in the neighbourhood overall?
Stiles Street itself tends to have smaller, older, and more affordable homes than the broader Wolseley area. So while this house is average for its immediate street, it's below average when compared against the larger neighbourhood, which includes pricier, larger properties on different blocks.