Key Characteristics & Buyer Profile

This is a 1,450 sqft home built in 1921 on a 3,038 sqft lot, located at 179 Ethelbert Street in Winnipeg’s Wolseley neighborhood. Its assessed value is $403k.

Where Its Appeal Lies: The property’s strongest relative advantage is its age. It is older than 87% of homes citywide and ranks in the top 13% on its street, which suggests solid original character or a well-preserved structure typical of early 20th-century Wolseley. The assessed value is above average for the neighborhood (top 28%), which likely reflects recent updates or desirable interior space relative to local comps. However, the lot size is the smallest on the street (ranked last out of 63) and below average citywide, making yard space a clear trade-off.

What Type of Buyer It Suits: This home fits a buyer who prioritizes location and character over outdoor space. Wolseley is a mature, walkable neighborhood with a strong sense of community, so it would appeal to someone who values proximity to shops, parks, and transit rather than a large private yard. It’s less suited for families needing a big garden or a newer, low-maintenance property. Given the above-average assessed value in the neighborhood, the buyer should be comfortable paying a premium for the home’s age and location rather than its footprint.

Five Possible FAQs

1. How does the living space compare to other homes nearby?
At 1,450 sqft, this home is below the street average (2,201 sqft) and ranks near the bottom for Ethelbert Street. However, it’s close to the neighborhood average (1,622 sqft) and slightly above the citywide average (1,342 sqft). So it’s a modest size for the street but fairly typical for the area.

2. Is the assessed value high for the lot size?
Yes, the $403k assessment is above the neighborhood average ($371.3k), especially given the lot is the smallest on the street (3,038 sqft vs. a 3,886 sqft street average). This suggests the value is driven more by the house itself—likely interior finishes or updates—than by the land.

3. Why is the year built considered a strength?
Built in 1921, it’s older than most homes in Wolseley (top 24%) and on its street (top 13%). Older homes in this area often have solid construction, interesting architectural details, and established landscaping. A buyer might see this as a sign of quality, but it also means checking for aging systems like wiring or plumbing.

4. How does the lot size affect livability?
With only 3,038 sqft, the yard is small. That’s restrictive if you want a large vegetable garden, playset, or workshop. But it can mean less maintenance and more time to enjoy the neighborhood’s shared green spaces. In Wolseley, many residents prioritize walkability over private outdoor space.

5. Could this be a good investment property?
The above-average neighborhood assessment and top-tier age suggest good bones, but the tiny lot limits future expansion. If you’re looking for a rental, Wolseley is popular with renters seeking character homes, and the assessed value implies a solid rental rate. However, the lower living-area ranking on the street might make resale less competitive compared to larger homes nearby.