523 Stiles Street – Property Summary
Overview & Appeal
This 1,542 sqft home on Stiles Street in Wolseley was built in 1912. It stands out mainly for its size and assessed value within the immediate neighbourhood. On its own street, it ranks in the top 11% for living area and the top 8% for tax assessment—meaning it’s one of the larger, more valuable properties on the block. The lot is 2,622 sqft, which is slightly above average for the street but smaller than typical for Wolseley (3,434 sqft) and Winnipeg overall.
The appeal here is less about land and more about interior space in a well-regarded central neighbourhood. Wolseley is known for its older character homes, tree-lined streets, and walkability. This property fits that profile but offers more square footage than many nearby options. It would likely suit a buyer who values interior room over yard size—someone who wants a larger house in an established area without needing a big lot. It may also appeal to those who appreciate early 20th-century architecture and don’t mind the maintenance that often comes with a 1912 build.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It’s one of the larger and more highly assessed homes on Stiles Street—ranked 7th out of 64 for living area and 5th out of 64 for assessed value. That puts it well above the street average in both categories.
2. Is the property overvalued compared to similar homes in Wolseley?
Not particularly. Its assessed value of $390,000 is close to the Wolseley average of $371,000 and right at the citywide average. It’s slightly above the neighbourhood norm, but not dramatically so.
3. Why is the lot size so much smaller than the city average?
Many Winnipeg properties, especially newer ones in suburban areas, sit on lots averaging 6,570 sqft. This is an older inner-city home where lots are generally smaller. For Wolseley, the lot is actually below average, so buyers should expect a compact yard.
4. What should I watch out for with a house built in 1912?
Older homes often have outdated electrical, plumbing, or insulation. This one’s construction year is typical for its street but well below the city median (1966). It’s worth getting a thorough inspection focused on foundation condition, roof age, and any knob-and-tube wiring.
5. Who typically buys homes like this in Wolseley?
Buyers tend to be people who want character and a central location over modern finishes or a large yard. Families, couples, or singles who value walkability and a tight-knit community often look here—provided they’re open to the upkeep that comes with an older home.