Key Characteristics & Buyer Profile
What Makes This Property Stand Out
The standout feature here is the lot size. At 4,255 square feet, it's significantly larger than the Wolseley neighbourhood average of 3,434 square feet, ranking in the top 12% locally. The house itself was built in 1945, making it older than most homes on its street (top 12%) and an outlier in the neighbourhood, where the average build year is 1916 – this property is actually newer than many of its closest neighbours. Living space is 1,757 square feet, which is right around the street average and slightly above the citywide average for comparable homes.
Where the Catch Lies
The assessed value is $331,000, which is notably below the Wolseley Avenue average of $514,700. This gap likely reflects the home's condition or finishes relative to pricier neighbours, not a lack of space. Buyers should consider whether they're willing to invest in updates or if the lower entry price gives them room to renovate and build equity.
Who It's For
This property suits buyers who prioritize outdoor space and a quieter, established neighbourhood over a move-in-ready, turnkey interior. It's a strong fit for someone willing to take on cosmetic or structural improvements in exchange for a larger lot and a central Winnipeg location. It's less suited for someone seeking a low-maintenance, fully updated home or who needs to match the higher price point of neighbouring properties.
Five Possible FAQs
1. How does the age of this home compare to others in Wolseley?
The house was built in 1945, which is newer than the neighbourhood average of 1916. It ranks in the top 3% of Wolseley for newer construction, meaning many surrounding homes are from the early 1900s.
2. Is the assessed value of $331,000 realistic for the area?
The assessment puts it below the street average of $514,700 and slightly below the citywide average of $390,100 for comparable homes. This suggests the property may need updates or has features that don't command top dollar, but it also means a potentially lower purchase price relative to other homes on the same street.
3. What does “living area” include in the 1,757 sqft figure?
The data doesn't specify whether this includes finished basements or just main and upper floors. Typically, city assessment data counts only above-grade living space. It's worth confirming with the listing agent or city records what's included.
4. How does the lot size affect usability?
At 4,255 sqft, the lot is large for the neighbourhood but slightly smaller than the average for this street (5,947 sqft). It's enough for a good-sized backyard, garden, or potential future addition, but not oversized by street standards. Check zoning for any restrictions on building or landscaping.
5. Is this property priced below market value?
The assessed value is lower than many comparable homes citywide and locally, but assessment isn't the same as market price. Actual sale price will depend on condition, competition, and recent sales in the area. It's wise to compare recent sold prices on Wolseley Avenue and nearby streets before making an offer.