479 Sprague Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1924-built home in Winnipeg’s Wolseley neighbourhood with 1,232 square feet of living space on a 3,938-square-foot lot. Its assessed value is $347,000.
The property’s strongest feature is its lot size. On Sprague Street, it ranks in the top 26% for lot size, and within Wolseley, it lands in the top 17% – meaning it offers significantly more outdoor space than most nearby homes. The home itself is also older than many of its neighbours on the street and in Wolseley, which tends to appeal to buyers who appreciate established construction and mature neighbourhood character rather than newer builds.
Where it sits closer to average is in living area and assessed value. At 1,232 square feet, it’s right around the middle of the pack on its street and citywide. The $347,000 assessment is similarly mid-range – slightly below the street average of $367,200 and notably below the citywide average of $390,100. This suggests the property may offer relatively good value for someone who prioritises land over interior square footage and doesn’t need a turnkey, premium-priced home.
Who it suits: Buyers drawn to Wolseley’s established, tree-lined streets who are willing to invest in an older home’s character and potentially update interiors over time. The large lot is a genuine advantage in this neighbourhood. It’s less suited to someone wanting a large, modern floor plan or a low-maintenance yard.
Frequently Asked Questions
1. How does the living space compare to other homes nearby?
The 1,232-square-foot living area is around average for Sprague Street and citywide, but below the Wolseley neighbourhood average of 1,622 square feet. So it’s a modestly sized home relative to the surrounding area, not unusually small or large.
2. Is this considered a good value based on the assessed price?
The $347,000 assessment is slightly below the street average and below the citywide average for comparable homes. Given the larger lot and the neighbourhood’s desirability, this could represent solid value – but that depends on the home’s condition and any renovation needs.
3. Why is the lot considered a standout feature?
On Sprague Street, this lot is in the top 26% for size. But in Wolseley overall, it’s in the top 17%. That means compared to typical homes in this neighbourhood, the yard is notably spacious – a practical advantage for gardening, storage, or outdoor living.
4. What does the year built (1924) tell me about the home?
It’s older than most homes in Wolseley (average 1916) and significantly older than the citywide average (1966). Older homes often have solid framing and established landscaping, but may also have older mechanical systems, foundations, or insulation. An inspection is especially important here.
5. How does this property rank against others across Winnipeg?
Citywide, it’s roughly average for living area (top 47%) and assessed value (top 55%). The lot size ranks in the bottom 24% citywide, because many newer suburban homes sit on much larger parcels. The home’s age (top 85% oldest) reflects its pre-war character. Overall, it’s a neighbourhood-specific property whose appeal depends more on Wolseley than on citywide statistics.