107 Ruby Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1912 home in Wolseley with 1,461 square feet of living space on a 2,306-square-foot lot. Its assessed value is $343,000.

The house is older and smaller than most on its street and in the neighbourhood. The lot is notably compact — ranking in the bottom 12% on Ruby Street and bottom 6% in Wolseley. Where it stands out is citywide: the living area is actually above the Winnipeg average for comparable homes (top 33%), and the age of the house, while older than most city properties, is typical for this pocket of the city.

The appeal here is not about chasing top rankings. It’s about entry into Wolseley — a desirable, established central neighbourhood with character housing — at a price point below the street and neighbourhood averages. The assessed value is slightly below both the Ruby Street and Wolseley medians, which may reflect the smaller lot or updates needed. For a buyer who values location and walkability over square footage or a big yard, and who is comfortable with a century home’s quirks, this property offers a foothold in a competitive area. It would suit someone looking for a manageable-sized house with room to add value, not someone seeking a turnkey family home on a generous lot.

Five Possible FAQs

1. How does the property’s value compare to others nearby?
The assessed value of $343,000 is a bit below the Ruby Street average ($372,500) and the Wolseley average ($371,300), and notably below the citywide average for comparable homes ($390,100). It ranks in the top 58% on the street, meaning it’s priced lower than many neighbours but still around the middle of the pack locally.

2. Is the lot size a dealbreaker for this area?
It depends on your expectations. At 2,306 square feet, the lot is smaller than 88% of homes on Ruby Street and 94% in Wolseley. In a neighbourhood known for mature trees and deeper lots, this is a clear trade-off. If you want a large garden, space for an extension, or off-street parking for multiple cars, this likely isn’t the right property. If you prefer lower maintenance and are fine with a compact yard, it’s workable.

3. The house was built in 1912 — what does that mean practically?
It’s older than most Winnipeg homes (citywide average build year is 1966), but very much in line with the character of Wolseley, where many houses date from the 1910s. This usually means solid framing, high ceilings, and established landscaping, but also potential issues with older wiring, plumbing, insulation, and foundation work. A thorough home inspection is strongly recommended.

4. Is this a good investment for resale or rental?
Wolseley has consistent demand due to its central location, walkable amenities, and historic appeal. The smaller lot and below-average assessed value could mean lower purchase risk, but resale value will depend on how the house is maintained and whether the lot size limits future buyers. For a rental, the smaller footprint and lot could appeal to tenants wanting a character home without a large yard to maintain.

5. What does “Top 33% citywide for living area” actually mean here?
It means that compared to all similar homes across Winnipeg, this house has more living space than roughly two-thirds of them. The citywide average for comparable properties is 1,342 square feet, so this home is about 120 square feet above that. However, on Ruby Street and in Wolseley, it’s below the local averages — so it’s a case where the house is modest for its immediate area but spacious by broader city standards.