110 Home Street – Property Summary

Key Characteristics & Buyer Profile

This 2,100-square-foot home in Wolseley sits on a 3,312-square-foot lot. Built in 1910, it’s one of the older homes in the area, but that tends to be the norm on this street and in this neighbourhood. The property’s standout feature is its assessed value: $705,000, which ranks first out of 477 homes on Home Street and among the top 2% in Wolseley. The living area is also above average by every measure—street, neighbourhood, and citywide—though the lot size, while decent for the street, drops off when compared to newer suburban properties.

The appeal here is less about the house being brand new or sitting on a sprawling lot, and more about its rarity. In a city where the median assessed value hovers around $390,000, this property occupies a different bracket entirely. That suggests a home that has likely been well-maintained, possibly renovated or expanded, and sits in a desirable pocket of Wolseley. The age of the building (1910) means character details, solid construction, and a mature neighbourhood feel—but also potential for older systems or layouts that may not suit everyone.

This property would suit a buyer who values location and established neighbourhoods over turnkey new builds. Someone who appreciates early 20th-century architecture, doesn’t mind a smaller lot by city standards, and has the budget for a premium property in one of Winnipeg’s most sought-after areas. It’s less suited for first-time buyers or those looking for a low-maintenance, newer build.

Frequently Asked Questions

1. How does the assessed value compare to similar homes on the street?
   The assessed value of $705,000 is significantly higher than the street average of $242,700 and the neighbourhood average of $371,300. It ranks first on Home Street and among the top 2% in Wolseley. This likely reflects either recent upgrades, a larger-than-typical living area, or location within a particularly desirable block.

2. Is the lot size considered small for the area?
   At 3,312 square feet, the lot is above average for Home Street (average 2,787 sqft) but below the neighbourhood average of 3,434 sqft and well below the citywide average of 6,570 sqft. In Wolseley, lots tend to be narrower and longer than newer suburban developments, so this is typical for the area rather than unusually small.

3. How old is the house, and what should I know about a 1910 build?
   The house was built in 1910, which is actually close to the street average (1914) and neighbourhood average (1916). Homes of this era often feature solid wood framing, plaster walls, and original detailing like hardwood floors or built-ins. Potential buyers should be aware of possible lead paint, outdated wiring, older plumbing, and less insulation than modern homes. A thorough inspection is recommended.

4. Why is the living area listed as “above average” but the neighbourhood average is higher?
   The living area of 2,100 sqft is above the street average (1,388 sqft) and the citywide average (1,342 sqft), but below the Wolseley neighbourhood average of 1,622 sqft. This means the home is larger than most on its own block, but slightly smaller than the average home across the broader Wolseley area—likely because some nearby properties are larger two-storey or character homes.

5. Is this property a good investment for the long term?
   Properties with top-tier assessed values in established neighbourhoods like Wolseley tend to hold value well, especially when they’re larger than the street average and in a low-turnover area. However, older homes can require more ongoing maintenance, so the total cost of ownership may be higher than a newer home with a similar purchase price. It’s best suited for someone who sees value in the location and character rather than expecting rapid appreciation.