187 Chestnut Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1910-built home in Wolseley with 1,876 sq ft of living space and a 3,036 sq ft lot. Its assessed value is $392,000.

The property’s main strength is its living area. It’s above average both within Wolseley (top 30%) and citywide (top 14%), meaning you get more interior space than most comparable homes in Winnipeg. The assessed value, however, is more modest—around average for the street and neighbourhood, and slightly below the citywide median for comparable properties. This creates an interesting dynamic: you’re getting a larger-than-average home without paying a premium for it.

The lot is on the smaller side—below average for Winnipeg as a whole, which is typical for older inner-city neighbourhoods. The 1910 build date is older than most homes citywide, but it’s consistent with the Wolseley area, where many houses date from the same era.

This home would suit buyers who value interior square footage over land size, and who are comfortable with the character and maintenance that come with a century home. It’s a reasonable fit for someone who wants more space than the typical Wolseley house offers, without stepping up to a significantly higher price point. The lower-than-average assessed value relative to square footage could also appeal to buyers watching property taxes.

Frequently Asked Questions

1. How does the living space compare to other homes in Wolseley?
This home is noticeably larger than the neighbourhood average. The median living area in Wolseley is around 1,622 sq ft, so at 1,876 sq ft, this property sits in the top 30% of the area.

2. Is the assessed value in line with what other homes on Chestnut Street are worth?
Roughly, yes. The street median is about $358,500, and this property is assessed at $392,000, placing it in the top third. The value is slightly above the street average but not dramatically so.

3. The lot seems small. Is that a concern for this neighbourhood?
It depends on expectations. For Wolseley, the lot is around average—the neighbourhood median is 3,434 sq ft, and this lot is 3,036 sq ft. Citywide, lots are much larger (median 6,570 sq ft), but that reflects Winnipeg’s newer suburbs. In an older walkable neighbourhood like Wolseley, smaller lots are normal and often preferred for less yard maintenance.

4. How old is the house, and what condition should I expect?
The home was built in 1910. That’s typical for Wolseley, where most homes date from the early 1900s. Expect the systems (electrical, plumbing, insulation) and foundation to have been updated at some point—buyers should always get a thorough inspection with attention to these areas. The age is not unusual for the area, but it differs sharply from the citywide median build year of 1966.

5. Who typically buys homes like this?
Buyers who value character architecture, established neighbourhoods, and interior space over a large yard. It also appeals to people who want a home with a lower tax assessment relative to its square footage. The property is less suited to someone seeking a turnkey modern house or a large lot for gardening or expansion.