500 Clifton Street

Property Summary: 500 Clifton Street

Key Characteristics & Buyer Profile

This is a 1913-built home with 1,120 sq ft of living space and a 2,404 sq ft lot, located in Winnipeg's Wolseley neighbourhood. Its most notable feature is how it compares across different scales. On its own street (Clifton Street), the property sits right around the average for both size and assessed value—ranking in the top 40% for living area and top 43% for tax assessment. That means it fits comfortably within the immediate streetscape, neither standing out as unusually large or small.

Zoom out to the Wolseley community level, and the picture changes. The home is significantly smaller than the neighbourhood average of 1,622 sq ft (ranking in the bottom 17%), and its assessed value is well below the community average of $371,000. This isn't a surprise—Wolseley has many larger, older homes. The property's land area (2,404 sq ft) is also below both street and community averages, which is typical for a tighter urban lot in this area.

The building's age is a mixed bag: it's older than the average home on Clifton Street (built 1940) but newer than the typical Wolseley home (built 1916). At the city level, it's well below the Winnipeg average of 1966, meaning it's an older structure by city standards.

Where the appeal lies: This home offers a way into a desirable inner-city neighbourhood without paying a premium for extra space or land. The assessed value is noticeably lower than the Wolseley norm, which may translate to lower property taxes relative to neighbours. It's a modest-sized house on a modest lot—not a renovation project on a grand scale. For someone who values location and character over square footage, this property could represent good value in a popular area.

Ideal buyer: Someone who wants to live in Wolseley but doesn't need a large family home or a big yard. This could suit a first-time buyer, a downsizer, or someone looking for a more affordable entry point into a neighbourhood where prices have climbed. The buyer should be comfortable with an older home that isn't exceptionally large by local standards.

Five Frequently Asked Questions

1. How does this property's size compare to other homes in Wolseley?

It's smaller than most. The average living area in the neighbourhood is about 1,622 sq ft, while this home is 1,120 sq ft—roughly 500 sq ft below the community average. It ranks in the bottom 17% of homes in Wolseley for living space. On its own street, however, it's right around the average.

2. What about property taxes?

The assessed value is $273,000, which is below both the Wolseley average ($371,000) and the Winnipeg average ($390,000). This places the property in the bottom 15% for assessed value within the neighbourhood. Lower assessment typically means lower property taxes, but buyers should confirm current mill rates and any recent re-assessments with the city.

3. Is 1913 considered old for this neighbourhood?

Not especially. Wolseley has many homes from the early 1900s, with the neighbourhood average build year being 1916. So this home is right in the typical range for the area. It is older than most homes on Clifton Street (average 1940) and significantly older than the city average (1966). Buyers should budget for maintenance that comes with a century-old structure.

4. What is the lot size like?

The lot is 2,404 sq ft, which is smaller than the Clifton Street average (3,743 sq ft), smaller than the Wolseley average (3,434 sq ft), and very small by Winnipeg standards (city average is 6,570 sq ft). This suggests a compact urban lot with limited yard space. It will suit someone who doesn't prioritize a large garden or outdoor area.

5. How does this affect resale value?

That depends on the buyer pool. The home's modest size and lot put it at the lower end for the neighbourhood, which may limit appreciation compared to larger properties. On the other hand, its lower entry price could make it easier to sell to buyers priced out of bigger Wolseley homes. Resale will likely hinge on location and condition rather than square footage.