136 Walnut Street – Property Overview

Key Characteristics & Buyer Profile

This 1909 home offers 1,495 square feet of living space on a 2,899-square-foot lot in Winnipeg’s Wolseley neighbourhood. Its appeal lies in a combination of age, location, and value relative to the broader market. The property is older than most homes in the city—ranking among the earliest 5% of Winnipeg homes by construction year—which suggests character details and solid craftsmanship typical of the period, though it likely requires ongoing maintenance. Its living space is slightly below the street average but comfortably above the citywide norm, placing it in the top third of homes across Winnipeg. The assessed value is notably lower than both the neighbourhood and city averages, ranking in the bottom 20% citywide. This makes the property more affordable from a tax perspective than many comparable homes. The lot size is compact by city standards, but sits close to the average for its own street, fitting the tighter urban fabric of Wolseley. This home would suit buyers who appreciate pre-war architecture and a walkable inner-city neighbourhood, and who are willing to invest in upkeep or gradual upgrades in exchange for a lower entry price and lower property taxes.

Five Frequently Asked Questions

1. How does the property’s assessment compare to similar homes nearby?
The assessed value of $262,000 is below the average for both Walnut Street ($338,000) and the wider Wolseley area ($371,000). This means annual property taxes are likely lower than many neighbours’ and well below the city median.

2. Is the living space considered small or large for the area?
At 1,495 square feet, the home is slightly smaller than the average on its street (1,723 sqft) and within the neighbourhood (1,622 sqft). However, it’s larger than the typical Winnipeg home (1,342 sqft), so it offers a middle ground—compact for the street but generous compared to the city overall.

3. What should a buyer know about the home’s age and condition?
Built in 1909, this is an older home even by Wolseley standards, where the average is 1916. Citywide, only about 5% of homes are older. Buyers should expect original or updated systems, possible knob-and-tube wiring, and the maintenance needs of a century-old structure. A thorough inspection is strongly recommended.

4. How does the lot size affect outdoor space or future potential?
The lot is 2,899 square feet—average for Walnut Street but smaller than most in Wolseley and well below the Winnipeg median of 6,570 sqft. This is typical for older, walkable neighbourhoods. It provides modest yard space suited for gardening or a small patio, but limits major expansions or large-scale landscaping.

5. What is the neighbourhood like in terms of walkability and resale?
Wolseley is one of Winnipeg’s more established, pedestrian-friendly areas, with older housing stock, tree-lined streets, and proximity to the river and shops along Portage Avenue. Homes here tend to hold value well, though this property’s lower assessment and below-average street ranking suggest it may be a fixer-upper or less updated than its neighbours.