156 Ruby Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2,110 sqft home on a 3,035 sqft lot, built in 1909, with an assessed value of $437,000. Its standout feature is interior space: it’s larger than 87% of homes citywide and ranks in the top 13% on its own street. The assessed value is above the street and neighbourhood average, but roughly on par with the city median—meaning you’re getting more square footage for around the typical city price point. The lot is average for Wolseley but small by citywide standards, and the age (1909) places it among the older homes on Ruby Street and in the neighbourhood.

The appeal here is space per dollar in a mature, character-rich area. Wolseley is known for old trees, walkable streets, and a mix of century homes and newer infills. This property likely suits buyers who value generous room sizes and a central location over a large yard or a move-in-ready home with modern updates. It may not be for someone seeking a low-maintenance newer build or a big lot for garages or gardens. The likely buyer is someone comfortable with the quirks of a pre-1910 house—potential for original details, but also possible deferred maintenance—and who prioritizes interior square footage over outdoor space.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
It’s above both the street average ($372.5K) and the neighbourhood average ($371.3K), and just above the citywide average for comparable homes ($390.1K). So it’s not a bargain relative to immediate neighbours, but you’re getting significantly more living area for that premium.

2. Is a 1909 home likely to have any particular issues?
Older homes in Wolseley often have older electrical, plumbing, or foundation work. The ranking suggests it’s one of the older houses on the street (top 97% by age), so it’s worth checking for updates to knob-and-tube wiring, lead pipes, and whether the basement has been waterproofed. Original windows and insulation are also common considerations.

3. How does the lot size affect usability?
At 3,035 sqft, the lot is typical for Ruby Street and the Wolseley area. But citywide, it’s below average—most Winnipeg homes sit on larger parcels. You won’t have a deep backyard or room for a detached garage easily, but it’s in line with the neighbourhood’s older, tighter footprints.

4. Is this a good investment for resale?
The home already sits above street and neighbourhood median values, so short-term appreciation may be modest unless you add value through renovations. Its large interior in a desirable area should hold value, but the older age and small lot limit how much upside you’d see without significant work.

5. What kind of buyer typically looks at this type of property?
Usually someone who values location and interior space over a new build or a big yard. It could suit a buyer who plans to renovate gradually, or someone who appreciates the character of a century home and doesn’t mind a compact lot. Families with young kids who want room to spread out indoors might find it appealing, while those wanting a large fenced yard or a modern open-concept layout might look elsewhere.