Key Characteristics and Buyer Fit

This is a 1,338-square-foot home built in 1925, sitting on a 5,670-square-foot lot in Winnipeg’s Wolseley neighbourhood. The property’s strongest asset is its land: within the Wolseley area, it ranks in the top 5% for lot size, which is notably generous compared to the local average of 3,434 square feet. The house itself is slightly smaller than the average on its street and in the wider community, but it holds up well against citywide figures—coming in slightly above the average home size in Winnipeg.

Its assessed value of $579,000 places it well above both the neighbourhood and city medians. This suggests the value is tied more to the lot and location than the building. The house is also older than most homes across the city (the majority were built in the 1960s), but it fits comfortably within Wolseley’s older housing stock, where the median build year is 1916.

The appeal here is for someone who values yard space, character, and a well-established neighbourhood over a move-in-ready modern interior. It would suit buyers who are willing to invest in updates or maintenance, and who see potential in a home with good bones on a large lot. This is less suited to someone looking for a turnkey new build or a home with uniformly up-to-date finishes. The kind of buyer who would choose this property tends to prioritize location, outdoor space, and the chance to make a house their own—often with an eye for long-term value rather than short-term convenience.

Frequently Asked Questions

1. How does the size of this home compare to others in Wolseley?
It’s slightly below average for the neighbourhood. The median home size in Wolseley is about 1,622 square feet, so at 1,338 square feet, this is a bit smaller than many nearby houses. However, it’s still above the citywide average of roughly 1,342 square feet.

2. Is the assessed value of $579,000 high for this area?
Yes, it’s significantly above the Wolseley median assessed value of $371,000, and well above the citywide median of $390,000. This reflects the large lot and the desirability of the location, not necessarily the condition or size of the house itself.

3. What condition is a 1925 home likely to be in?
That depends on how it’s been maintained. Many homes from this era have been updated over the years, but some may retain original systems or features. A thorough home inspection is recommended, particularly for electrical, plumbing, and foundation. The age alone isn’t a dealbreaker—many buyers appreciate the character and craftsmanship of older homes.

4. Why is the lot size such a standout feature?
In Wolseley, most homes sit on lots around 3,400 square feet, so a 5,670-square-foot lot is unusually spacious. Even compared to the citywide average of 6,570 square feet, it holds its own. For someone who wants a large garden, room for an addition, or simply more outdoor space, this is a clear advantage.

5. What kind of neighbourhood is Wolseley known for?
Wolseley is an established, walkable neighbourhood with a mix of older homes, mature trees, and a strong sense of community. It attracts a diverse range of residents, from families to professionals to artists. The area has a reputation for being slightly bohemian and community-oriented, with local shops, parks, and good access to the downtown core.