516 Stiles Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,556 sqft home built in 1913, located in Winnipeg’s Wolseley neighbourhood. What stands out is its strong relative value: it’s one of the highest-assessed homes on Stiles Street (ranked 2nd out of 64, in the top 3%), with an assessed value of $422k—well above the street average of $294k. The living area is also notably generous for the street (top 9%), though it’s closer to average for the neighbourhood and city.
The land is the trade-off. At 2,194 sqft, the lot is small—below average on the street, in the neighbourhood (bottom 2%), and citywide (bottom 1%). This is typical for older infill homes in established central areas. The house itself is over 110 years old, which places it among the older stock even for Wolseley (top 30%), and well older than the citywide average of 1966.
Where the appeal lies: The home offers a larger-than-typical interior on a modest lot, in a sought-after, character-rich neighbourhood. The assessed value suggests the house itself has been maintained or updated in a way that commands a premium locally. For a buyer who prioritizes interior space and location over yard size, and who appreciates early-20th-century construction, this is a logical fit.
Who it suits: Buyers looking for a well-valued older home in a central, walkable neighbourhood—without paying for a large lot they don't need. It may also appeal to those who see the relatively high assessed value as a sign of quality or recent improvements, though an inspection would be needed to confirm. Less ideal for anyone wanting a big yard, a newer build, or more square footage than 1,556 sqft.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It's well above the Stiles Street average ($422k vs. $294k), placing it in the top 3% on the street. Within Wolseley, it's in the top 23%, though the neighbourhood average is $371k—meaning the home carries a notable premium even by local standards.
2. Is the land size a drawback for this property?
It depends on your needs. At 2,194 sqft, the lot is small—ranked in the bottom 1% citywide. For someone used to suburban lots, it may feel tight. But in Wolseley, smaller lots are common, and many buyers in this area value the compact, low-maintenance yard and the walkability that comes with a denser street grid.
3. How old is the house, and what does that mean practically?
Built in 1913, it's over 110 years old. The upside: solid older construction, often with features like high ceilings, plaster walls, and character details. The downside: expect ongoing maintenance, potentially older systems (plumbing, electrical, foundation), and less energy efficiency unless updates have been made. An inspection is essential, particularly for knob-and-tube wiring, lead pipes, or settling.
4. How does this home's size compare to other properties in the city?
At 1,556 sqft, it's above the citywide average for comparable homes (1,342 sqft), ranking in the top 28%. That makes it larger than many similar-era homes in Winnipeg, though not oversized. For context, new suburban builds often run 1,800–2,500 sqft, so this is more in line with a comfortable older house.
5. What's the neighbourhood like in terms of schools, transit, and character?
Wolseley is known for its tree-lined streets, early-1900s housing stock, and a mix of families, professionals, and longtime residents. It's walkable to shops on Portage Avenue and the Assiniboine River trails. Public transit is good, with several bus routes along Portage. Schools include Wolseley School (K–8) and nearby high schools—though catchment boundaries can shift, so confirm directly with the school division.