484 Basswood Place – Property Summary
Key Characteristics & Buyer Profile
This is a 1910-built home in the Wolseley neighbourhood with 1,427 sq. ft. of living space on a 3,737 sq. ft. lot. The property’s strongest feature is its assessed value: it ranks 4th out of 53 homes on Basswood Place (top 8%), and 575th out of 2,349 in the wider neighbourhood (top 24%). The lot size is also notable, ranking 7th on the street (top 13%) and 573rd in the area (top 24%). Both the living area and lot are above average for the street and neighbourhood, though the lot is smaller than typical citywide.
The home’s age is a differentiating factor. Built in 1910, it is one of the older properties on the street (ranked 52nd out of 53) and well below the city average of 1966. This means the structure likely carries character and original details common to early-century Wolseley homes, but also implies older systems, foundations, and possibly limited modern insulation. The appeal here is not turn-key convenience: it suits buyers who value lot size and location over a newer build, and who are prepared for the maintenance realities of a century-old house.
This property would best suit someone looking for a solid lot in an established, walkable neighbourhood—someone who sees potential in updating or restoring a home rather than seeking a move-in-ready property. It may also appeal to buyers who want above-average land relative to neighbours, without paying a premium for a newer house.
Frequently Asked Questions
1. How does the assessed value compare to other homes in Wolseley?
The assessed value of $418,000 is above both the street average ($336,900) and the neighbourhood average ($371,300), placing it in the top 24% of the area. While not the highest in the city, it reflects strong value relative to its immediate surroundings.
2. Is the lot size unusual for a Wolseley property?
It is above average for both the street and neighbourhood, where typical lots are around 3,146 and 3,434 sq. ft. respectively. However, it is well below the citywide average of 6,570 sq. ft., so it is not oversized by city standards—just generous for this part of town.
3. What does the year built mean for maintenance or renovation?
Built in 1910, this home predates most modern building codes. Buyers should expect potential issues with aging plumbing, electrical, foundation, and insulation. The home’s ranking (top 98% oldest on the street) confirms it is one of the oldest in the immediate area. A thorough inspection is strongly recommended.
4. How does the living area compare to similar homes?
At 1,427 sq. ft., it is slightly above the street average (1,301 sq. ft.) but below the neighbourhood average (1,622 sq. ft.). It ranks in the top 23% on the street, so it offers more interior space than most immediate neighbours, though not unusually large for Wolseley overall.
5. What is the neighbourhood like for walkability or transit?
Wolseley is known for its tree-lined streets, older homes, and proximity to shops, restaurants, and the Assiniboine River. While specific transit and walk scores are not included here, the area is generally considered pedestrian-friendly and well-served by bus routes, making it appealing for those who prefer not to drive everywhere.