1558 Wolseley Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 1,000 sqft home built in 1941 on a 5,647 sqft lot in Winnipeg’s West Wolseley neighbourhood. Its standout feature is the land. The lot ranks in the top 11% within the immediate area, where the average lot size is just 3,443 sqft, meaning you get significantly more outdoor space than most nearby properties. The house itself is compact—well below the street average of 1,858 sqft—so this is not a home for someone who needs sprawling interior square footage.

The assessed value tells a layered story. At $462,000, the property is roughly average for Wolseley Avenue itself (top 51%), but it ranks in the top 28% for the neighbourhood and top 26% citywide. This suggests the land is driving the value upward relative to surrounding homes, many of which are smaller on the lot but larger inside. The year built (1941) is older than the citywide median but newer than the average home on its street (1925), placing it in a sweet spot where you get an old character home without the very earliest building-era quirks.

Who it suits: This property is best for someone who prioritizes outdoor space over interior room count. Think gardeners, families wanting a generous yard in a central neighbourhood, or buyers who see potential to expand the footprint later. It may also appeal to those who value older construction (solid materials, established trees, mature street appeal) but want a home that isn't among the absolute oldest in the area. It’s a less obvious fit for someone needing a large open-concept main floor or a move-in-ready modern interior.

Five Frequently Asked Questions

1. How does the living area compare to other homes in West Wolseley?
It's significantly smaller than most. The 1,000 sqft ranks in the top 89% of the neighbourhood (meaning it’s below average), where the typical home is around 1,321 sqft. On its own street, the gap is even wider—the average house there is 1,858 sqft. This is a compact home for the area.

2. Why is the assessed value higher than the neighbourhood average when the house is smaller?
The land is the primary reason. The lot is well above average size for West Wolseley, and assessed values in this area reflect both the building and the land. A larger, more desirable lot in a central location pushes the total value up, even when the house itself is modest.

3. Is the home considered old or historic?
Built in 1941, it’s older than most homes citywide (top 80% of Winnipeg homes are newer), but it’s actually newer than the average house on its street, where many date to the 1920s. So it’s an older home by modern standards, but not a pioneering-era structure. Expect character features typical of the 1940s, but possibly fewer renovation headaches than a century-old house.

4. How does the land area compare citywide?
It’s roughly average. The 5,647 sqft lot places it in the top 40% of Winnipeg homes. What makes it notable is not the absolute size, but how it compares to its immediate neighbours—many of which sit on smaller urban lots. The value is in the relative spaciousness within a walkable neighbourhood.

5. What does a “top 11%” land ranking really mean for future potential?
It means this property has more flexibility than most lots in West Wolseley. Whether you want a large garden, space for a workshop, room for kids to play, or the possibility of a future addition, you have options that tighter lots don't offer. It also means the property could hold its value better if the neighbourhood densifies over time, since large lots in central areas tend to become less common.