812 Honeyman Avenue – Property Summary
Section 1: Key Characteristics, Appeal, and Suitable Buyers
This 1905 home in Wolseley offers 1,860 square feet of living space on a 3,074-square-foot lot. Its assessed value is $208,000. The property’s standout feature is its size relative to the rest of Winnipeg: citywide, it ranks in the top 15% for living area, meaning it’s significantly larger than most comparable homes across the city. At the same time, its lot is smaller than the city average (top 87%), but sits close to the neighborhood average—so you get a generous interior without an oversized yard to maintain.
The appeal lies in a clear trade-off. The assessed value is well below both the street and neighborhood averages (top 83% and top 98%, respectively). That suggests a buyer may be getting more square footage per dollar than many nearby properties, but likely with a home that requires updates or has a less polished finish. The age (1905) is old even by Wolseley standards, which means original character, but also the need for ongoing maintenance and possibly outdated systems.
This property would suit a buyer who values interior space and doesn’t mind a smaller lot. It’s a strong fit for someone willing to invest in renovations over time—either as a long-term personal project or to build equity. It’s less ideal for someone looking for a move-in-ready home with a spacious yard, or for a buyer who prioritizes a low-maintenance newer build.
Section 2: Five Possible FAQs
1. How does the living space compare to other homes in the area?
At 1,860 square feet, this home is around average for its street and neighborhood, but well above average citywide (top 15%). So you get a good amount of room compared to most Winnipeg homes, though it’s not unusually large locally.
2. Why is the assessed value so much lower than the neighborhood average?
The $208,000 assessed value is in the bottom 2% of the neighborhood. This likely reflects the home’s age, condition, or need for upgrades rather than a lack of space. It can signal a buying opportunity if you’re prepared to invest in improvements.
3. What should I know about the lot size?
The 3,074-square-foot lot is smaller than the city average but right in line with the Wolseley neighborhood median. It’s not a sprawling yard, but typical for this part of the city. Street-level ranking shows it’s one of the smaller lots on Honeyman Avenue specifically.
4. How old is the house, and what does that mean practically?
Built in 1905, this home is older than the city average by over 60 years. You can expect original details and character, but also potential issues with insulation, wiring, plumbing, and foundation. A thorough home inspection is essential to understand what work might be needed.
5. Is this a good candidate for renovation or investment?
Potentially, yes. The gap between the low assessed value and the above-average living area suggests room for value growth if you renovate wisely. Just keep in mind that older homes often have hidden costs, and the neighborhood’s resale market may not support luxury-level upgrades.