Key Characteristics & Ideal Buyer
This is a 1927 home with 831 square feet of living space on a 2,404-square-foot lot, located on Clifton Street in Winnipeg’s Wolseley neighbourhood. Its standout feature is the assessed value: at $327,000, it ranks in the top 6% on its street, meaning it’s priced notably higher than nearby homes—a reflection of either a well-maintained property, recent updates, or a desirable location within the block. The living area and lot size are both smaller than average for the street, neighbourhood, and city, so the value isn’t coming from square footage or land.
The appeal lies in getting into Wolseley—a mature, character-filled area with older homes and tree-lined streets—without paying a premium for a large house or yard. The home itself is older than the street average but newer than much of Wolseley (ranking in the top 11% for the neighbourhood), suggesting it may have been built or rebuilt when the area was already established, which can mean better construction or a unique layout.
This property would suit buyers who prioritize location and quality over space. It’s a strong fit for someone looking for a smaller, efficient home in an established neighbourhood, possibly a first-time buyer who values walkability and character, or an investor targeting a rental in a sought-after area. It’s less suited for families needing multiple bedrooms, large gardens, or a modern open floor plan.
Five Possible FAQs
1. Is the small living area a disadvantage for resale value?
Not necessarily. In a neighbourhood like Wolseley, smaller homes often hold their value well because the area attracts buyers who value location and character over square footage. Being smaller than average can even be an advantage if it keeps the total price accessible while still offering access to a sought-after street.
2. Why is the assessed value so high relative to other homes on the same street?
Assessed value reflects recent market data, including sale prices of comparable properties. A top-6% ranking suggests either that this home has been renovated or well-maintained compared to its neighbours, or that it benefits from a specific feature—like a better lot orientation, usable basement space, or a quieter section of the street—that adds value without increasing square footage.
3. How does the lot size affect usability?
At 2,404 square feet, the lot is smaller than typical for Wolseley and far below the citywide average. This means limited outdoor space—likely a small yard or garden. It’s fine for someone who wants low-maintenance outdoor living, but not ideal if you’re planning a large deck, garage, or vegetable garden.
4. What does the construction year tell me about the home’s condition?
Built in 1927, it’s older than the average home on the street but newer than most in Wolseley (which averages 1916). Older homes often have solid materials and character details, but they may also need updates to electrical, plumbing, or insulation. A building inspection is essential to assess the actual condition.
5. How does this home compare to others in its price range across Winnipeg?
Citywide, the assessed value ranks in the top 62%, meaning it’s priced above many homes—likely because of the Wolseley location. You could find a larger home or newer build for a similar price elsewhere, but you’d be trading neighbourhood character and walkability for extra space or a newer structure.