Key Characteristics and Buyer Profile

This is a 1946-built home in Winnipeg’s Wolseley neighbourhood, with 1,984 sq ft of living space on a 4,684 sq ft lot. Its assessed value is $392,000. The property stands out most for its lot size and build date. Within Wolseley, the lot ranks in the top 10% (231 out of 2,349 properties), and on its own street, it’s in the top 8%. The home itself is one of the newer houses on Ethelbert Street—third newest out of 63, where the average build year is 1916. In Wolseley, it ranks in the top 3% for age. Living space is above average for both the neighbourhood and the city (top 23% and top 11% respectively), though it’s slightly below the average on its own street.

The appeal here is a combination of factors that don’t always come together in older inner-city areas: a generous, well-sized lot with a house that’s not a century old. Many homes in Wolseley were built in the 1910s, so a 1946 build offers a meaningful step up in structural age without sacrificing neighbourhood character. The assessed value sits near the citywide average, but given the larger lot and newer construction relative to the area, it may represent solid value for someone looking for more space and less renovation risk than typical older homes.

This property would suit buyers who want to be in a historic, established neighbourhood like Wolseley but prefer a home that’s not as old as many of its neighbours. It’s a good fit for someone who values outdoor space—the lot is noticeably larger than the street and community averages—and who doesn’t need a downtown-adjacent location to feel connected. It may also appeal to buyers who are comfortable with a house that’s not the newest in the city (it ranks in the bottom 77% citywide for build year) but still newer than what’s typical in the immediate area.

Five Possible FAQs

1. How does the property’s assessed value compare to similar homes nearby?

The assessed value of $392,000 is close to the averages for both Wolseley ($371,000) and the city as a whole ($390,000), but below the Ethelbert Street average of $454,000. This suggests the home is priced moderately within the neighbourhood, while being more affordable than some of its immediate neighbours.

2. Is the house considered large or small for the area?

It depends on the comparison. At 1,984 sq ft, it’s smaller than the average on Ethelbert Street (2,201 sq ft) but larger than the Wolseley average (1,622 sq ft) and well above the citywide average (1,342 sq ft). So it’s a comfortable size for the neighbourhood, though not oversized by street standards.

3. What’s the advantage of a 1946 build in a neighbourhood full of older homes?

Homes built in the 1940s often have more modern construction standards—better electrical, plumbing, and foundations—than those from the 1910s, while still fitting the architectural character of an established area. It can mean fewer immediate upgrades and lower maintenance costs, without sacrificing the mature streetscape and tree canopy that draw people to Wolseley.

4. How usable is the lot compared to others in the city?

At 4,684 sq ft, the lot is larger than the vast majority in Wolseley (top 10%) and on its street (top 8%). However, it’s smaller than the citywide average of 6,570 sq ft. This reflects the fact that many newer suburban homes sit on bigger parcels. In the context of an older, central neighbourhood, this lot is generous and offers good yard space.

5. Does the ranking data suggest the home is overpriced or undervalued?

The rankings show a mixed picture. The home is newer and on a larger lot than most in the area, but its assessed value is only average for the city and slightly below the street average. That could indicate the valuation hasn’t fully caught up to its relative advantages, or that other factors (condition, interior finishes, location quirks) are pulling it down. A buyer should look at the home in person and consider recent sale data for similar properties in Wolseley.