513 Greenwood Place – Property Summary
Key Characteristics & Buyer Profile
This is a 1912-built home in Winnipeg’s Wolseley neighbourhood, with 2,057 sq. ft. of living space on a 3,963 sq. ft. lot. Its assessed value is $353,000.
The standout feature is the living area. At over 2,000 sq. ft., it ranks in the top 10% citywide and top 9% on its street. The lot is also noticeably larger than the Wolseley average—top 16% in the neighbourhood—though it falls below the citywide average for lot size, which reflects Winnipeg’s wider suburban stock.
The house is older than most comparable homes: built in 1912, it ranks in the bottom 8% citywide by year. The assessed value sits around average for both the street and neighbourhood, and slightly below the citywide average for similar homes. This suggests the property has not been dramatically upgraded in ways that would push its tax assessment higher, or that its size advantage is partly offset by age.
Where the appeal lies: Buyers drawn to Wolseley tend to value character, established streets, and proximity to the river, parks, and the Exchange District. This home offers generous interior square footage—uncommon in the area, where many houses are under 1,600 sq. ft. The lot is also decent for the neighbourhood, giving room for yard space without the maintenance of a large suburban property.
Who it would suit: Someone who wants a spacious older home in a central, walkable neighbourhood, and is comfortable with the realities of a century-old house—maintenance, possibly original details, and a heating/cooling system that may not be modern. It’s less suited to buyers who want a newer build, a large suburban lot, or a home that’s already been fully renovated and reassessed at a higher value.
Frequently Asked Questions
1. How does the living space compare to other homes in Wolseley?
Very favourably. The home’s 2,057 sq. ft. puts it in the top 19% of the neighbourhood and top 9% on Greenwood Place. Most homes in the area are under 1,700 sq. ft.
2. Is the assessed value a good indicator of market price?
Not directly. The assessed value of $353,000 is near the street and neighbourhood average, but slightly below the citywide average. Market prices depend on condition, upgrades, and demand. An older home with large square footage can sell above or below its assessment depending on how well it’s been maintained.
3. Why is the lot size considered “above average” for the neighbourhood but “below average” citywide?
Wolseley is an older, central neighbourhood with smaller lots—typically 3,400 sq. ft. on average. So 3,963 sq. ft. is generous here. Citywide, Winnipeg includes many newer suburbs with lots over 5,000 sq. ft., so this lot is smaller by that standard.
4. What should a buyer know about a home built in 1912?
Expect original construction methods, potentially knob-and-tube wiring, lead paint, and a foundation or roof that may be older. But also expect solid materials, high ceilings, and architectural details not found in newer homes. A thorough home inspection is essential.
5. How does this property compare to others on Greenwood Place specifically?
It has more living space than almost all of them (top 9%), but it’s also one of the older homes on the street (top 77% by age). The lot is smaller than the street average (4,805 sq. ft.), and the assessed value is very close to the street average ($360.6k). So it’s not the most expensive or the newest, but it offers more interior room than most neighbours.