1075 Palmerston Avenue – Property Overview

Key Characteristics & Buyer Profile

This 1939 Wolseley home sits on a 3,262 sqft lot with 1,156 sqft of living space. Its assessed value is $393,000.

What stands out: The year built is a real strength here. Built in 1939, it’s newer than most homes on its street (top 21%) and well within the top tier of the neighbourhood (top 6%). For buyers who appreciate pre-war character but want something slightly more recent than the surrounding 1910s and 1920s builds, this hits a sweet spot.

Where the trade-offs are: The lot is on the smaller side for the street (3,262 sqft vs. the street average of 5,522 sqft), and the living area is below average locally. Citywide, though, it’s roughly average for both size and assessed value. The assessed value is notably lower than other homes on Palmerston Avenue ($393K vs. $588K street average) but sits right in line with the neighbourhood and city medians. That gap may reflect the smaller footprint or less recent renovation work compared to pricier neighbours.

Who it suits: Buyers who want to be in Wolseley—a sought-after central neighbourhood with older homes and mature trees—but find the larger, pricier houses on the block out of reach. Also suited to someone who values a pre-war home that isn’t among the oldest in the area (meaning potentially fewer deferred maintenance issues tied to extreme age), and who doesn’t need a massive lot or square footage. The property is more about location and era than sheer space.

Frequently Asked Questions

1. How does this home compare to others on Palmerston Avenue specifically?
It’s well below the street average in both living area (1,156 sqft vs. 1,711) and lot size (3,262 sqft vs. 5,522), and its assessed value is about $195K lower than the street median. However, it’s among the newer homes on the street—only a handful are newer than 1939. So you’re getting a more recent build on a street of mostly older homes, but with a smaller footprint.

2. What does “around average” citywide actually mean for assessed value?
The assessed value of $393K ranks in the top 40% citywide (better than 60% of comparable homes), which is slightly above average for Winnipeg. So while it’s a lower price point relative to its immediate street, it’s not a bargain basement property from a city perspective—it’s solidly mid-range.

3. Is the lot size a concern for a family home or garden?
At 3,262 sqft, the lot is about average for the Wolseley neighbourhood (3,434 sqft avg) but well below the Palmerston Avenue average. If you’re looking for a big backyard or room to expand, this lot is tighter than most on the street. But for urban gardening, a patio, or a modest yard, it’s comparable to what many Wolseley homes offer.

4. Why is the assessed value so much lower than the street average?
The street average is pulled up by larger, likely more updated homes. A smaller living area and lot size naturally bring the value down. The gap also suggests that this home may not have the same level of renovations or finishes as higher-assessed neighbours. It could represent an opportunity if you’re handy, or a signal to budget for updates if the interior hasn’t been touched recently.

5. Is a 1939 home likely to have outdated systems or need major work?
1939 is late pre-war, which often means balloon framing, plaster walls, and original mechanicals if not replaced. Being newer than many Wolseley homes (which average 1916 in the neighbourhood) means it might have slightly more modern construction methods or a later renovation cycle. But it’s still 85+ years old—buyers should expect some aging infrastructure and plan for an inspection focused on knob-and-tube wiring, lead pipes, and foundation condition.