Here is the summarized property description for 103 Chestnut Street.

Property Overview: 103 Chestnut Street

Key Characteristics & Appeal

This 1910 home in Wolseley offers 2,391 square feet of living space on a 3,931-square-foot lot. The standout feature is its size relative to the market. This property is significantly larger than most homes in the neighborhood and across the city, ranking in the top 7% on its street for living area and the top 4% citywide. While the assessed value is above average for the street and neighborhood, it lands in the top 21% citywide, suggesting the price is grounded in local context rather than inflated by metropolitan trends.

The home is older than the city average, but among its Wolseley neighbors (built around 1916), its 1910 construction date is not unusual—it fits the character of the area. The lot size is generous for the street (top 6%), but notably smaller than the typical Winnipeg property, which is common for an established inner-city neighbourhood.

This property would suit a buyer who values interior square footage over a sprawling yard, and who appreciates the established character of Wolseley. It is a strong option for someone looking for space comparable to newer suburban homes but within a walkable, mature neighbourhood with older housing stock. The buyer should be comfortable with the maintenance considerations of a century home.

Five Possible FAQs

1. How does the land size compare to other homes in Wolseley?
The lot is above average for the street and the neighbourhood, but it is smaller than typical Winnipeg properties. This is standard for an older, central area like Wolseley. If you are used to a large suburban lot, this will feel compact, but it is considered generous for the street.

2. The home was built in 1910. What does this mean practically?
It is about average age for the Wolseley area, so you are not alone in owning an older home. Expect the quirks that come with age—plaster walls, potential for outdated wiring or plumbing—but also the solid construction and character details that are hard to find in newer builds.

3. Is the property overvalued compared to neighbours?
Not particularly. The assessed value ranks top 8% on the street and top 11% in the neighbourhood, which aligns closely with the home’s larger living area ranking. It is consistent for the size. The citywide ranking (top 21%) is lower, meaning it is not an outlier when compared to premium homes elsewhere in Winnipeg.

4. What is the neighbourhood like for resale value?
Wolseley is a desirable, stable neighbourhood. The home’s above-average size for the area gives it a competitive edge. However, the smaller-than-city-average lot may be a limitation for some buyers down the line. The trade-off is walkability and proximity to amenities, which tends to hold value.

5. How was the data for these rankings determined?
The rankings compare this property to “comparable homes” within the same street, neighbourhood, and city. The benchmarks are median values, not averages, which gives a more realistic picture of what is typical. The bars show what share of peers this home outperforms in each category.