492 Dominion Street – Summary
Key Characteristics & Appeal
This is a large, early-20th-century home in Wolseley that stands out primarily due to its size and assessed value. The living area is 2,690 square feet—more than double the average for its street and well above both the neighbourhood and city medians. It ranks in the top 1% on Dominion Street and the top 3% in Wolseley for living space. The lot is also generous for the area: nearly 5,000 square feet, placing it in the top 8% of the neighbourhood, though it sits closer to average city-wide.
The assessed value (roughly $641,000) reflects the scale of the property and is among the highest on the street and in the area—top 1% and top 3% respectively. Built in 1922, the home is older than most on its street and in the city as a whole, but it is slightly newer than the typical Wolseley home. This suggests a property that has likely been maintained or updated, rather than a fixer-upper, though the age would still warrant careful inspection.
The property would appeal to buyers who prioritize interior space and a larger lot within an established, character-rich neighbourhood. It may not suit someone looking for a newer home or a low-maintenance property, but for those who value square footage, privacy from neighbours (by inner-city standards), and a strong location in Wolseley, it offers something most nearby homes do not.
Frequently Asked Questions
1. How does this home compare to others in Wolseley?
Its living area is in the top 3% of the neighbourhood, the lot is in the top 8%, and the assessed value is in the top 3%. Most homes in Wolseley are significantly smaller, both inside and on their lots.
2. Is the 1922 build a concern?
It depends on the condition. The home is newer than the average Wolseley house (which is around 1916) but older than most on its street and in the city. Buyers should budget for potential issues common in homes of this era, such as aging electrical, plumbing, and insulation.
3. Why is the assessed value so much higher than the neighbourhood average?
It reflects the combination of a large living area and a generous lot. The home is roughly double the size of the typical Wolseley house, so the higher tax assessment is consistent with the property itself, not necessarily an indication of recent upgrades.
4. How does the lot compare to the rest of the city?
It is good for Wolseley and Dominion Street, but only average city-wide. Winnipeg has many properties with larger lots, particularly in newer subdivisions. The value here is relative to the inner-city context.
5. Would this work for a family or an investor?
It could work for both, but for different reasons. A family would get space and a desirable neighbourhood. An investor might focus on the land value and the potential for future redevelopment or subdivision—though that would depend on zoning and local regulations, which would need to be verified separately.