121 Lenore Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1912 home with 2,144 sq ft of living space and a 3,042 sq ft lot, located in Winnipeg’s Wolseley neighbourhood. Its standout feature is the interior space: the living area ranks in the top 8% citywide, significantly larger than the average comparable home (1,342 sq ft). On its own street, it places 11th out of 118 homes. The year built (1912) is older than the citywide average (1966) but in line with the Wolseley area, where many homes were built around 1916–1917. The assessed value of $395,000 sits slightly above the street and neighbourhood averages, but below the citywide average, suggesting the larger interior doesn’t fully translate into a higher tax valuation relative to newer or more centrally located properties. The lot is average for the street but smaller than the neighbourhood and city norms—Wolseley lots average 3,434 sq ft.

The appeal here is straightforward: you get substantial indoor square footage in an established, character-rich neighbourhood, without paying a premium for a large yard. This property would suit buyers who prioritize roomy interiors and older-home character over outdoor space, and who are comfortable with the maintenance and systems that come with a pre-war house. It’s less ideal for someone wanting a modern open-concept layout, a big garden, or a move-in-ready renovation-free build. A thoughtful observation: the gap between living-area ranking (top 8%) and assessed-value ranking (top 40%) hints that the market doesn’t fully price in the extra square footage—possibly because of the lot size or the home’s age. For a buyer who values space for its own sake, that discrepancy could represent solid value.

Frequently Asked Questions

1. How does the lot size compare to other homes in Wolseley?
It’s average for the street (ranked 36th out of 118) but smaller than the neighbourhood median of 3,434 sq ft. Citywide, it falls in the bottom 13%, which is typical for older urban neighbourhoods where lots are generally under 4,000 sq ft.

2. Is the assessed value of $395,000 likely to affect property taxes?
Assessed value is around average for the street and neighbourhood. Property taxes are based on this assessment, not market value, so you’d be paying a middle-of-the-pack amount relative to nearby homes. The citywide average assessment is slightly lower, but that’s heavily weighted by newer subdivisions and smaller inner-city properties.

3. What does “ranked 11th out of 118” on the street actually mean for resale?
It means the house is among the largest on Lenore Street. In resale, this can be a double-edged sword: larger homes attract buyers looking for space, but they also have a smaller pool of potential buyers compared to entry-level sizes. The ranking data suggests the home won’t feel cramped, but it may take longer to sell than a more typical-sized house.

4. How old is the house, and what should a buyer expect in terms of maintenance?
Built in 1912, it’s older than 92% of homes citywide, but typical for Wolseley. Expect original materials (plaster walls, knob-and-tube wiring possibly present, lead paint risk), and systems that may need updating. A thorough home inspection is essential—don’t assume the age aligns with the area’s norm (which is only four years younger on average).

5. Does the “neighbourhood analysis map” show recent sales or just rankings?
The map mentioned in the data is for comparing this property to nearby homes on specific metrics (year built, living area, assessed value, lot size). It does not show sales history or current listings—it’s strictly a comparative ranking tool. For recent sales, you’d need a separate MLS search or agent access.