Property Overview & Key Characteristics
This 1911 one-and-three-quarter storey home in Wolseley offers a blend of classic charm and practical space. Its key appeal lies in its generous proportions and established location. With 1,390 sqft of living area on a 2,196 sqft lot, the home provides more interior space than 89% of houses on its street and sits on a property size that ranks in the top 4% of the neighbourhood. This suggests a comfortable, well-scaled home for the area. While it retains its original character—evident in its unrenovated basement and lack of a garage—it presents a solid canvas. Its assessed value has remained stable, closely aligned with its last sale price, indicating a steady market perception.
The property would suit a buyer looking for a character home in a sought-after, tree-lined community who is prepared for projects, particularly in the basement. It’s ideal for those who value space and location over modern turn-key finishes, appealing to DIY enthusiasts or those with a phased renovation plan. A less obvious perspective is its potential for gentle expansion or garden development, given the lot size is significantly larger than many nearby properties.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a classic Winnipeg architectural style, typically featuring a full main floor and a second floor with sloped ceilings where the roofline begins, creating cozy, character-filled bedrooms, often with dormer windows.
2. How does the unrenovated basement affect the home's value and use?
While it requires updating, it represents both a project and an opportunity. The space is there to be finished to your own standards, potentially adding significant functional space and value. Buyers should budget for necessary moisture-proofing and modernization.
3. The home has no garage. What are the parking options?
This is common in central, older neighbourhoods like Wolseley. Parking is typically on-street with a permit. Buyers should confirm the specific city permit requirements and observe daily parking patterns to assess convenience.
4. The assessed value is notably lower than typical sale prices in Wolseley. Why?
Municipal assessed value for tax purposes often lags behind the current market and is not a direct indicator of listing or sale price. It's best used to understand your tax burden relative to neighbours. The sale history and comparable listings are more relevant for market value.
5. The lot is large for the area. What are the implications?
A larger lot provides more private outdoor space, better natural light, and potential for additions like a garden suite or a future garage (subject to zoning bylaws). It also often contributes to a greater sense of privacy in a dense urban neighbourhood.