2-828 Preston Avenue, Winnipeg

Key Characteristics & Buyer Profile

This property is a 1,135-square-foot home built in 1912, located in the Wolseley neighbourhood. Its key appeal is combination of living space and age. While the assessed value (144k) is average for its street and neighbourhood, it sits below the citywide average for comparable homes—suggesting potential value relative to newer or more centrally located properties.

The living area ranks well within Wolseley (top 13%) and is slightly above the street average. The 1912 build year is the oldest on its street and makes it an older home both within Wolseley and across Winnipeg. This is not a turnkey property for someone seeking modern finishes or low maintenance. It would suit a buyer who values character, space, and an established neighbourhood over a newer build—likely someone willing to invest in updates or who appreciates the quirks and craftsmanship of a pre-war home. It may also appeal to buyers looking for more square footage than typical Wolseley homes, without paying a premium for a newer or renovated property.

Five Frequently Asked Questions

1. How does the assessed value compare to other homes in Wolseley?
The assessed value is around average for Wolseley (ranked 70 out of 139) and nearly identical to the street average. However, it's well below the citywide average for comparable homes, which is 256.1k. This suggests the home may be priced more affordably relative to the city as a whole, though within the neighbourhood it's fairly typical.

2. Is the 1912 build year a concern?
It depends on your tolerance for maintenance. Being the oldest house on the street and well below the neighbourhood average (1936), you should expect aging systems, possible insulation gaps, and original materials that may need attention. The upside: many pre-war homes in Wolseley have solid bones and character features that newer builds lack. A thorough inspection is strongly recommended.

3. How does the living area compare to similar homes?
The 1,135 sqft is above average for Wolseley (where the average is 830 sqft) and ranks in the top 13% of the neighbourhood. It's also slightly above the street average of 914 sqft. Citywide, it's around average. So you're getting more space than most homes in the immediate area.

4. What does "top 89%" citywide for assessed value mean?
It means this home's assessed value is lower than about 89% of comparable properties across Winnipeg. In other words, it's on the lower end in terms of value/cost compared to the rest of the city. This isn't necessarily bad—it could indicate a more affordable entry point into the market, especially given the above-average living area.

5. Who typically buys in Wolseley, and how does this property fit?
Wolseley attracts a mix of first-time buyers, families, and those looking for walkable, character-rich neighbourhoods. This property fits well for someone who prioritizes location and living space over a modern home. It would be less suited for buyers seeking a move-in-ready, low-upkeep property or for those who want a newer build.