181 Home Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1,793 sqft home on a 3,277 sqft lot, built in 1910, with an assessed value of $446,000. Located in Winnipeg's Wolseley neighbourhood, the property stands out most for its assessed value relative to the street: it ranks in the top 8% on Home Street, well above the street average of $242,700. The living area is also notably above both the street and city averages, landing in the top 17% citywide.

The lot size tells a more complicated story. It's above average for the street (top 20%), about average for Wolseley, but well below the citywide average—which makes sense given Wolseley's older, more compact urban layout. The home was built in 1910, which is typical for the street and neighbourhood, but puts it in the bottom 6% citywide by age. This is a character home in an established area, not a new build.

Where the appeal lies: The home offers more interior space and a higher assessed value than most of its immediate neighbours, on a reasonably sized lot for the area. The premium over street and neighbourhood averages suggests either recent renovations, superior condition, or a standout location within Wolseley. Buyers who value older neighbourhoods with mature trees, walkable streets, and proximity to the Assiniboine River and Wolseley's commercial strips (like Westminster Avenue or Sherbrook Street) will find this property aligned with that lifestyle.

What type of buyer it suits: Someone who wants a larger-than-average home in a character neighbourhood, is comfortable with a 1910 build (and the maintenance that can come with it), and prioritizes location and interior space over lot size or a modern build year. It's less suited to buyers looking for a large yard or a move-in-ready newer home without potential updating needs.

Five Possible FAQs

1. Is this home on a large lot for Winnipeg?
No, not by citywide standards. The lot is 3,277 sqft, which ranks in the bottom 16% of comparable homes across Winnipeg (average is 6,570 sqft). However, it's above average for its own street and about average for Wolseley, so it's typical for this neighbourhood.

2. How does the assessed value compare to similar homes nearby?
The property is assessed at $446,000—well above the street average ($242,700), above the Wolseley average ($371,300), and above the citywide average ($390,100). This puts it in the top 8% on the street and top 29% citywide. The gap to local averages suggests the property has features or condition that set it apart from its immediate neighbours.

3. Is the living area unusually large?
At 1,793 sqft, it's larger than the average Home Street home (1,388 sqft) and the average Winnipeg comparable (1,342 sqft). It's about average for Wolseley (1,622 sqft). So it's notably big for the street, but not unusual for the neighbourhood.

4. What should I know about a home built in 1910?
It's typical for both Home Street and Wolseley, where average build years are 1914 and 1916 respectively. Citywide, however, most comparable homes are from 1966. You should expect older construction materials, possibly knob-and-tube wiring, lead pipes, or plaster walls. Renovations may have been done, but you'll want a thorough inspection focused on the foundation, roof, and mechanical systems. Character features like high ceilings, original woodwork, or built-ins may be a bonus.

5. How does the lot size affect usability?
At 3,277 sqft, the lot is on the smaller end for Winnipeg but typical for an urban infill neighbourhood like Wolseley. You likely have a modest front and back yard, but not space for large gardens, a double garage, or extensive outdoor entertaining. The trade-off is a more walkable, dense neighbourhood with less yard maintenance—common for character areas close to the city core.