134 Chestnut Street – Property Summary

Key Characteristics & Buyer Profile

This 1910 home in Wolseley offers 2,873 sq ft of living space on a 4,686 sq ft lot. The living area is unusually large for the neighbourhood: it ranks in the top 3% on Chestnut Street, top 2% in Wolseley, and top 1% citywide. The lot is also sizable by local standards—third-largest on the street and in the top 10% of the community—though it falls slightly below the city average for land area (many Winnipeg lots are larger overall).

The assessed value sits at $430,000, which is above average for the street and neighbourhood but close to the city median. The home is older than most in Winnipeg—built in 1910, it ranks in the oldest 6% citywide—but is actually newer than the typical house on its own street, where the average build year is 1913.

Where the appeal lies: Buyers who want generous interior space and a good-sized lot in a mature, well-established neighbourhood—without paying a premium that reflects the interior's rarity. The assessed value suggests the home is priced more in line with typical Wolseley properties than with homes of comparable square footage.

Who it suits: Families or households that need room to spread out and value character and location over a modern finish. Also suited to buyers who are comfortable with an older home's maintenance realities—this is not a turnkey property for someone seeking a newer build or a low-upkeep yard.

Frequently Asked Questions

1. How does this home's size compare to other houses in Wolseley?
It's significantly larger than most. The average living area in the neighbourhood is about 1,622 sq ft, so this home is roughly 1,250 sq ft bigger—the difference of an entire extra floor in many houses.

2. Is the assessed value of $430,000 a realistic market price?
Assessed value is used for property tax calculations and doesn't always match market value. In this case, the assessment is above average for the street and area, but given the home's size and lot, it may not fully capture the scarcity of that much interior space. A market appraisal would give a clearer picture.

3. What should I know about a home built in 1910?
Older homes often have solid framing and good bones, but systems (plumbing, electrical, insulation, roof) may need updating. Buyers should budget for ongoing maintenance and potential retrofits. The fact that the home ranks among the older properties citywide means replacement cycles for major components may be due sooner than in a mid-century home.

4. How does the lot size affect usability?
The 4,686 sq ft lot is generous for Wolseley and among the largest on the street, but it's still smaller than the average Winnipeg lot. This is typical of older, closer-in neighbourhoods. You get more outdoor space than most neighbours, but not a sprawling yard—good for gardens, entertaining, or play, but not for someone wanting a large private estate lot.

5. How does this property compare to others on Chestnut Street specifically?
On Chestnut Street, it ranks #3 for living area and #3 for lot size—so it stands out clearly. Its assessed value ranks #19, meaning it's not the most expensive house on the block despite being one of the largest. This gap between size and value is worth exploring further.