196 Evanson Street – Property Summary

Key Characteristics & Buyer Fit

This is a 1910 home in Winnipeg’s Wolseley neighbourhood with 1,259 square feet of living space on a 2,459-square-foot lot. Its assessed value of $360,000 sits above the street average of $328,200, making it a relatively strong value pick on Evanson Street itself. The living area is a bit tight compared to neighbours—ranking in the bottom third on the street—but holds up around the citywide median.

The property’s main appeal is the gap between its street-level value and its citywide positioning. On Evanson, it’s in the top 28% for assessed value, yet citywide it lands right at the middle. This suggests the home is priced well relative to its immediate context, which can be attractive for buyers who want a solid asset without paying a premium for the neighbourhood’s top-tier homes. The age (1910) is typical for Wolseley, where many houses date from the early 1900s—so while it’s old by city standards, it fits the local character.

Best suited for: buyers who are comfortable with an older home’s maintenance realities (plumbing, electrical, foundation) but want a property that represents decent assessed value for its street. It’s less ideal for someone who prioritizes living space or a large yard—the lot is small even by neighbourhood standards, and the square footage is below average for the area. First-time buyers or investors looking for a manageable footprint in a historic, walkable neighbourhood may find it a practical fit.

Five Possible FAQs

1. How does the assessed value compare to what I’d actually pay?
The assessment is $360,000, and it ranks above average on the street. Sales prices can differ from assessments, especially in a changing market, but the fact that it’s in the top 28% on Evanson suggests it’s not undervalued there. Always check recent comparable sales.

2. Is a 1910 home likely to have major issues?
Yes, age is a factor. Citywide, 94% of homes are newer than this one. You should expect older systems—knob-and-tube wiring, cast iron pipes, possibly lead paint or asbestos. A thorough inspection is non-negotiable, especially for foundation and roof condition.

3. The lot is 2,459 square feet—is that small for Wolseley?
It is. It ranks in the bottom 15% of the neighbourhood for land area. If outdoor space, gardening, or future expansion matter to you, this lot will feel tight compared to many Wolseley properties, which average over 3,400 square feet.

4. What’s the neighbourhood like?
Wolseley is an established, tree-lined area with a mix of older homes, local shops, and proximity to the Assiniboine River. It’s not a new suburban development—expect mature trees, narrow streets, and a community with character. Commute to downtown Winnipeg is short.

5. How does this property compare to others on the street?
On Evanson, it’s above average for assessed value but below average for living area and land. So it’s a smaller home on a smaller lot that carries higher value than most of its immediate neighbours—likely due to updates, condition, or location within the street.