91 Chestnut Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,523 sqft home built in 1909, situated on a 2,343 sqft lot in Winnipeg’s Wolseley neighbourhood. Its assessed value is $290,000.
The property’s appeal lies in its relative affordability compared to citywide averages. While the living area is below average for homes on Chestnut Street itself, it sits above the citywide average of 1,342 sqft—meaning you get more interior space than many Winnipeg homes for a below-average price point. The lot is notably compact, ranking in the bottom 5% on the street and bottom 2% citywide. The home is also older than most, even by Wolseley standards.
This property would suit a buyer who prioritizes walkability and character over yard space or a turnkey modern home. It’s a practical entry point into the Wolseley area, where many neighbouring properties carry higher valuations. Someone comfortable with an older home’s maintenance realities—or looking to add value through updates—could find a solid fit here. It’s less suited to buyers seeking a large lot, a newer build, or strong immediate resale comparables on the same street.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The home’s $290,000 assessment is below average on Chestnut Street (ranked 77th out of 99), below the Wolseley neighbourhood average of $371,300, and below the citywide average of $390,100 for comparable homes. In short, it’s priced lower than most peers at every geographic level.
2. Is the living area considered small for the area?
It depends on the comparison. At 1,523 sqft, it’s smaller than the average home on Chestnut Street (1,810 sqft) and slightly below the Wolseley average (1,622 sqft). However, it’s larger than the citywide average (1,342 sqft). So it’s modest for the immediate street but above average for Winnipeg overall.
3. How old is the house, and is that typical for Wolseley?
Built in 1909, the home is older than the Wolseley neighbourhood average (1916) and significantly older than the citywide average (1966). It falls in the top 39% of homes on its street by age, meaning there are both older and newer neighbours. This is common for the area, but buyers should factor in age-related upkeep.
4. How much yard space does the property have?
The lot is 2,343 sqft, which is well below average at every level: it ranks 94th out of 99 homes on Chestnut Street, and falls in the bottom 2% citywide. If a large outdoor area is a priority, this may feel tight.
5. What should I consider before making an offer?
Beyond the standard home inspection, it’s worth looking into the condition of systems like plumbing, electrical, and insulation—common concerns in a 1909 build. The compact lot also limits future expansion or major landscaping. That said, the below-average valuation relative to the neighbourhood and city could offer negotiating room or long-term equity potential if the area continues to appreciate.