13 Lenore Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1913-built home in Wolseley with 2,064 square feet of living space on a 3,084-square-foot lot. What stands out is the size: the living area ranks in the top 14% on its street, top 19% in the neighbourhood, and top 9% citywide. The lot is also generous for the street (top 10%), though more typical for Wolseley itself and smaller than the city average. The assessed value is notably below average at all levels—roughly 23% lower than the city median for comparable homes—which suggests the interior or condition may not match the square footage, or that the assessment hasn’t caught up to recent trends. The home is older than most citywide (top 90% oldest) but fits right in with its street and neighbourhood, where many homes were built around the same era.

The appeal here is straightforward: a lot of interior space in a well-regarded central neighbourhood, at a price point below many comparable homes. It suits buyers who prioritize square footage and location over a modern or updated finish—those willing to put in work or live with some quirks in exchange for space and a strong street ranking. It may also appeal to someone who values a larger lot on the block, even if it’s not oversized by broader standards. The mismatch between size and assessed value is the key conversation point: you’re getting more physical house for less assessed value than most, but that likely reflects something about the home’s current state.

Five Possible FAQs

1. Why is the assessed value so much lower than the average for homes this size?
Assessed value reflects the city’s estimate of market value based on recent sales, condition, and features. Here, the living area is above average but the assessed value is below average at every level. This usually means the home’s interior, systems, or finishes are dated or need work compared to others nearby. It’s not a red flag by itself, but you’d want to inspect the mechanicals, windows, roof, and kitchen/bathrooms before making an offer.

2. How does the lot size compare to what’s typical in Wolseley?
The lot is 3,084 square feet—slightly smaller than the neighbourhood average of 3,434 square feet, but larger than many other lots on Lenore Street specifically (where the average is 2,946 sq ft). So you get a bit more yard than your immediate neighbours, but not more than the wider area.

3. Is a 1913 home likely to have any particular issues?
Homes from that era often have plaster walls, knob-and-tube wiring (possibly replaced), older foundations, and limited insulation. The fact that the assessed value is low may mean some of these haven’t been addressed. A home inspection and review of any permits or renovation history is strongly recommended, especially for electrical, plumbing, and the foundation.

4. What does the “top 9% citywide” rank for living area actually mean?
Of nearly 195,000 comparable homes across Winnipeg, this property is larger than about 91% of them. In practical terms, it means the interior square footage is well above what you’d typically find at a similar price point. It’s the strongest comparative metric on this property.

5. How does this property fit into the Wolseley neighbourhood overall?
Wolseley is known for older character homes, tree-lined streets, and a central location near the river and amenities. This home matches the area’s age profile well and offers more interior space than most. The main trade-off is that the low assessed value may signal the need for updates—so it’s best suited for someone who values location and size over a move-in-ready finish.