Key Characteristics & Buyer Profile
This property at 70 Chestnut Street offers a living area of 1,962 sq ft, putting it in the top 30% on its street, top 24% in the Wolseley neighbourhood, and top 12% citywide. The assessed value is $415,000—above average locally but close to the city average of $390,000, suggesting reasonable value for the space. Built in 1910, it’s older than most homes in Winnipeg (the city average is 1966), but fits the character of Chestnut Street and Wolseley, where older homes are common. The lot is 3,544 sq ft, generous for the street (top 13%) and neighbourhood (top 30%), though smaller than the citywide average.
The appeal lies in the combination of size and location. You get a house with notably more interior space than most in Wolseley—a sought-after, walkable area known for its mature trees and older homes—on a lot that’s also above average for the immediate street. The assessed value, while above the local norm, remains close to the citywide average, which is unusual for a property this large in a desirable central neighbourhood. That gap hints at potential value, especially if updates have been made or the location compensates for the age.
This property would suit buyers who prioritize space, character, and a central, established neighbourhood over a newer build. It’s a good fit for someone comfortable with an older home (1910) who appreciates period details and isn’t looking for a large, modern yard or a sprawling suburban lot. Families or professionals wanting room to spread out within a short commute to downtown might find it works well. Buyers should be ready for the maintenance and quirks that come with a century-old house.
Frequently Asked Questions
1. How does the property’s size compare to others in Wolseley and Winnipeg?
With 1,962 sq ft of living space, it's well above the Wolseley average of 1,622 sq ft and significantly above the citywide average of 1,342 sq ft. It ranks in the top 12% for living area across all of Winnipeg. The lot is larger than most on Chestnut Street and in the neighbourhood, but is below average for the city as a whole, where lots tend to be bigger.
2. Is the assessed value of $415,000 a fair price for this area?
The assessed value is above the averages for Chestnut Street ($358,000) and Wolseley ($371,000), but it's close to the Winnipeg average of $390,000. For a house this size in a central, desirable neighbourhood, the assessment appears reasonable. However, it’s worth noting that assessed value is not necessarily market value, and a comparative market analysis would give a clearer picture.
3. The house was built in 1910—what does that mean for maintenance and upgrades?
It’s older than most homes on the street (average 1913) and much older than the citywide average (1966). This means systems like plumbing, electrical, insulation, and the foundation may be original or require attention. Buyers should budget for potential updates and consider a thorough inspection, especially for knob-and-tube wiring, lead pipes, and the roof. That said, many homes in Wolseley are from this era, so local tradespeople are familiar with the construction style.
4. Is the land size small compared to other properties?
The lot is 3,544 sq ft, which is generous for Chestnut Street (top 13%) and Wolseley (top 30%). However, it’s below the Winnipeg average of 6,570 sq ft, so if you’re used to suburban lot sizes, this may feel compact. In a walkable, older neighbourhood like Wolseley, this is typical—the trade-off is usually better access to amenities and shorter commutes.
5. How does this property compare to others on the same street?
It ranks near the top for living area (30th out of 99), lot size (13th out of 99), and assessed value (29th out of 99). It’s also one of the oldest houses on the street (18th oldest). So it stands out as a larger, higher-assessed home with a bigger lot than most neighbours, though it’s still very much in keeping with the street’s character.