495 Greenwood Place — Property Summary

Key Characteristics & Buyer Profile

This 1,818 sqft home on Greenwood Place, built in 1913, sits on a 3,964 sqft lot in Winnipeg’s Wolseley neighbourhood. What stands out most is its living space: it ranks in the top 16% on its street, top 34% in the area, and top 17% citywide — meaning it offers noticeably more interior room than most comparable homes nearby. The assessed tax value ($470,000) is also strong, ranking in the top 5% on the street and top 14% in Wolseley, reflecting a property that commands attention in its immediate context.

That said, the lot size is below average for the street (top 80%) and citywide (top 75%), though it sits above the Wolseley average. The home is older than most on the street (1913 vs. 1950 average), which aligns with the character of Wolseley itself — a historic inner-city neighbourhood where older homes are common and sought after.

The appeal lies in the balance: generous interior space, a value position that outranks most nearby homes, and location on a well-regarded street in a neighbourhood with established tree-lined streets and a walkable, community-oriented feel. The 1913 build likely means original character details — but also calls for realistic expectations around maintenance and updates.

This property would suit a buyer who values interior space over a large yard; someone drawn to older homes with character and willing to invest in upkeep; or anyone looking for a well-sized home in a desirable inner-city pocket without paying a premium for a sprawling lot.

Five Possible FAQs

1. How does the age of this home compare to others in Wolseley?
The home (1913) is older than the street average (1950) but actually newer than the Wolseley community average (1916). Many homes in this area were built in the early 1900s, so the age is typical for the neighbourhood — not unusually old or new.

2. Is the lot size considered small?
It depends on the comparison. The lot (3,964 sqft) is smaller than average on Greenwood Place and much smaller than typical Winnipeg lots (6,570 sqft average). But within Wolseley, it's above average (top 16%), so it's a normal-sized lot for the area.

3. What does the assessed value tell me about market price?
Assessed value ($470,000) is used for property tax calculation, not necessarily market price. However, ranking in the top 5% on the street and top 14% in Wolseley suggests this is a higher-value home in its immediate area — likely reflecting its size and location rather than recent renovations.

4. What kind of street is Greenwood Place?
Greenwood Place ranks well for home values in its street group (top 5%) and has a mix of older homes. It's part of Wolseley, which is known for mature trees, older architecture, and a walkable layout close to shops and the river. Street-specific data like traffic or noise isn't included here, but smaller streets in the area tend to be quiet.

5. How does this property compare to others with similar living space citywide?
With 1,818 sqft, it's well above Winnipeg's average of 1,342 sqft (top 17%). That means among all homes in the city, this one offers a larger-than-usual interior — not just for its street or neighbourhood, but for the city as a whole.