98 Ruby Street – Property Summary
Key Characteristics & Buyer Profile
This is a 2,018 sqft home on a 3,044 sqft lot, built in 1912, with an assessed value of $407,000. It sits on Ruby Street in Winnipeg’s Wolseley neighbourhood.
The living area is the standout feature. At 2,018 sqft, it ranks in the top 10% citywide and well above average on its own street and in the neighbourhood. This is a genuinely spacious house for the area. The assessed value, at $407,000, is slightly above street and neighbourhood averages but still within a reasonable range for a home of this size. The lot, while modest for Winnipeg overall (top 87% citywide), is actually slightly larger than the average on Ruby Street itself.
The year built (1912) means this is an older home, even for Wolseley. It ranks in the top 92% citywide for age, meaning most Winnipeg homes are newer. A buyer should expect the character and quirks of a century-old house—higher maintenance, possible updates needed, and the charm of older construction.
Appeal: The primary draw is space per dollar. You get a large living area in a central, established neighbourhood, likely for less than a comparable newer home on a bigger lot elsewhere. It suits someone who values interior square footage over outdoor space and isn’t fazed by an older home’s upkeep.
Suitable buyers: Couples or families who want room to spread out without leaving the city core. Also, buyers who appreciate character homes in an older, walkable neighbourhood like Wolseley. Less suitable for those wanting a low-maintenance property or a large private yard.
Frequently Asked Questions
1. How does the lot size compare to other homes in Wolseley?
The lot is 3,044 sqft, which is about average for Ruby Street (top 30%) but slightly below the neighbourhood average of 3,434 sqft. It ranks near the middle for Wolseley. In a citywide context, it’s considered small—most Winnipeg lots are much larger.
2. Is the assessed value of $407,000 reasonable?
It’s above the street average ($372,500) and neighbourhood average ($371,300), but slightly below the citywide average for comparable homes ($390,100). The value reflects the larger living area. Whether it’s reasonable depends on condition and recent updates, which this summary doesn’t cover.
3. What should I expect from a 1912 home?
Typical issues include older electrical, plumbing, and insulation. Windows and roofing may be original or require attention. You may also get thicker walls, solid woodwork, and a layout that fits an older era. A thorough home inspection is strongly recommended. The age ranking is below average citywide, meaning most homes in Winnipeg are newer.
4. How does this property compare to others on Ruby Street?
It has a larger living area than most (top 17%) and a slightly larger lot (top 30%). Its assessed value is above average, though not dramatically so. The year built is slightly newer than the street average of 1916, but still in the same vintage.
5. Would this be a good investment property?
That depends on rental demand in Wolseley and the cost of any needed renovations. The large living area could be appealing for tenants wanting space. However, an older home means higher ongoing maintenance costs, which can eat into returns. You would want to compare the assessed value and potential rent against similar properties in the area.