Here is a clean, standalone summary of the property at 125 Ethelbert Street.

Key Characteristics & Buyer Profile

This is a 1912 home with 2,201 sq. ft. of living space on a 3,688 sq. ft. lot, located in Winnipeg’s Wolseley neighbourhood. Its assessed value is $491,000.

The property’s main appeal lies in its size and value relative to its surroundings. While the lot is smaller than the citywide average, the house itself is significantly larger than most homes in the neighbourhood (top 12%) and across Winnipeg (top 7%). The assessed value is also above average locally, reflecting the desirability of the area. The year built is older than the city median, but typical for the street and Wolseley itself.

This home would suit a buyer who prioritizes interior space and period character over a large yard. It is a strong fit for someone looking for a generous living area in an established, walkable inner-city neighbourhood with mature trees and a strong sense of community. The property likely appeals to those who appreciate early 20th-century architecture and understand the maintenance that comes with an older home, rather than someone seeking a newer, low-maintenance build.

Frequently Asked Questions

1. How does this property compare to others on Ethelbert Street specifically?
On its own street, this home is around average in terms of living area, lot size, and assessed value. It ranks in the middle to upper third. This suggests it is a fairly typical home for the block, not an outlier.

2. Is the lot size a disadvantage?
It depends on your perspective. At 3,688 sq. ft., the lot is smaller than the average for Winnipeg (which leans heavily toward suburban sizes). However, it is above average for Wolseley, meaning it offers more outdoor space than many nearby homes. It is typical for a mature urban lot.

3. Why is the assessed value higher than the neighbourhood average?
The higher value likely reflects the home’s large living area (2,201 sq. ft.) compared to the typical Wolseley home (1,622 sq. ft.). Larger interior space often drives assessed value up, even if the lot size is modest.

4. Is the age of the home (1912) a concern?
It is older than the average Canadian home, but entirely normal for Wolseley. Buyers should expect systems and foundations that reflect the era of construction. A thorough home inspection is advisable, but the age alone is not unusual for the neighbourhood.

5. What does a “Top 7%” citywide ranking for living area actually mean?
Out of nearly 200,000 comparable homes across Winnipeg, this property is larger than 93% of them. It is a genuinely spacious home for the city, making it a rare find for anyone who needs substantial indoor square footage without moving to the outskirts.