16 Ruby Street – Property Summary

Key Characteristics & Buyer Profile

This 1913 home in Wolseley offers 1,722 square feet of living space on a 3,054-square-foot lot. Its assessed value is $527,000.

What stands out is how the property performs relative to its surroundings. On Ruby Street itself, it ranks in the top 5% for assessed value and top 9% for lot size—meaning it’s one of the more substantial homes on the block. Citywide, the living area places it in the top 20%, which is notable given that Winnipeg’s average home is smaller and built much later (1966). The year built (1913) is older than most homes in the city, but in Wolseley, that’s typical—the neighbourhood average is 1916.

The appeal here is less about absolute size and more about relative value in a desirable central neighbourhood. You get more space than most homes in the area, on a lot that’s generous by street standards, without the premium you’d expect for a top-tier property. The assessed value gap ($527,000 vs. $372,500 street average) suggests the home has been updated or maintained above par compared to nearby houses.

This property would suit buyers who want a character home in an established neighbourhood without sacrificing interior space. It’s less ideal for someone seeking a large yard or a turnkey modern build. The lot is below the citywide average, and the house is over 110 years old—so ongoing maintenance and potential system upgrades should be factored in. For someone who values walkability, mature trees, and a home with history, this is a strong candidate.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The home is valued at $527,000, which puts it in the top 5% on Ruby Street and top 8% in Wolseley. The street average is $372,500, and the neighbourhood average is $371,300. This is a significant premium, likely reflecting updates, condition, or interior features not captured in basic stats.

2. Is the lot size considered small for the area?
Not really. On Ruby Street, the lot is in the top 9% (3,054 sqft vs. 2,977 avg). In Wolseley, it’s right around average. But citywide, it’s below average—most Winnipeg lots are much larger, especially in newer suburbs. So it’s typical for the neighbourhood, not cramped.

3. How old is the house, and what does that mean practically?
Built in 1913, it’s older than 90% of homes citywide. In Wolseley, that’s perfectly normal. Buyers should expect original construction details (thick plaster walls, possibly knob-and-tube wiring or old plumbing) unless documented upgrades have been made. A thorough inspection is advised.

4. Does “top 20% citywide for living area” mean the house feels spacious?
Relative to most Winnipeg homes, yes. At 1,722 sqft, it’s larger than the city average of 1,342 sqft for comparable properties. The layout will matter more than the raw number—older homes often have smaller rooms and less open floor plans than new builds.

5. Why is the assessed value so much higher than the street average?
That likely reflects a combination of the larger living area, above-average lot, and possibly recent renovations or superior condition. It doesn’t necessarily mean the home is overpriced—it means it’s an outlier on its street, which can be either a strength or a concern depending on what you’re comparing it to. A market appraisal would clarify whether the assessment aligns with current sale prices.