Here is a clean, standalone summary of the property at 460 Stiles Street.
Key Characteristics & Ideal Buyer
This is a compact, century-old home (built in 1911) with 937 square feet of living space on a 2,196 square foot lot in the Wolseley neighborhood of Winnipeg.
The property’s main appeal is its entry-level price point relative to the neighborhood. While its size and lot are noticeably below the averages for Wolseley and the city as a whole, the assessed value is surprisingly close to the street average and significantly lower than the neighborhood and city medians. This suggests a more affordable way to get into a desirable, well-established area.
The home suits a buyer who prioritizes location over square footage. It is ideal for someone looking for a starter home, a downsizer who wants a smaller footprint, or an investor interested in a property with historical character in a central area. Buyers should be comfortable with a tight lot and an older home that may require updates or maintenance consistent with its age.
Five Possible FAQs
1. How does the living space compare to other homes nearby?
The 937 sqft living area is below average for Stiles Street (1,170 sqft), well below the Wolseley neighborhood average (1,622 sqft), and also under the citywide average for comparable homes (1,342 sqft). It ranks in the bottom 20% on the street based on size.
2. Is the assessed value in line with the property’s size?
Yes, relatively. While smaller than the neighborhood norm, its assessed value of $296,000 is around average for the immediate street ($294,100) and notably lower than the Wolseley average ($371,300). The value appears modest relative to the area, likely reflecting the smaller size and older construction.
3. What is the lot size, and is it usable?
The lot is 2,196 sqft. This is slightly under the street average (2,511 sqft) and much smaller than typical Wolseley lots (3,434 sqft) and city lots (6,570 sqft). It is a compact, urban lot—expect limited yard space and a modest footprint for outdoor use.
4. What does the “year built” mean for maintenance?
The home was built in 1911, which is very old by citywide standards (average year built is 1966). Buyers should anticipate potential issues common to early 20th-century homes: outdated electrical and plumbing, possible foundation settling, and lead paint or asbestos. Renovations may need to meet modern codes.
5. How does the property rank within Wolseley overall?
It ranks in the bottom quarter for lot size (96th percentile, meaning smaller than 96% of homes), and the bottom quarter for living space (93rd percentile). However, its assessed value ranks in the top 25% of the neighborhood, meaning it is more affordable relative to the high property values in Wolseley.