214 Lenore Street – Property Summary

Key Characteristics & Buyer Profile

This is a well-established home on Lenore Street in Wolseley, built in 1954. Its standout feature is the year of construction: it ranks in the top 2% on the street and within the neighbourhood, meaning it’s among the older, more character-rich properties in the area. The assessed value is also notably strong—top 8% on the street—which reflects both the desirability of the location and the home’s condition or upgrades. The living area is slightly above the neighbourhood average (1,872 sqft vs. 1,622 sqft) and well above the city average, but the lot size (3,028 sqft) is modest by citywide standards—it’s typical for the street and neighbourhood, but sits in the bottom 12% citywide.

The appeal here is twofold. For buyers drawn to Wolseley’s older housing stock, this home offers a rare combination of age and upkeep: it’s one of the oldest on the block, yet its valuation suggests it’s been well maintained or updated. For those who prioritize a strong resale position, the property’s assessment ranking points to solid equity and neighbourhood demand. It’s less suited to buyers looking for a large yard or a newer, turnkey build—this is a home that rewards an appreciation for established character and a willingness to work within a compact lot.

This property would suit:

• Buyers who value older, well-built homes in a walkable, central neighbourhood
• Those looking for a home with strong comparative value within its street and area
• Families or professionals who want more living space than the city average, without a sprawling lot

Five Possible FAQs

1. How does the lot size compare to other homes in the area?
It’s about average for Lenore Street, and slightly smaller than the Wolseley neighbourhood average. Citywide, it’s well below the median, which is typical for older central neighbourhoods where lots were subdivided decades ago. If a large yard is a priority, this property will feel compact.

2. Is the home considered old for Winnipeg?
No. While it’s among the older homes on this street and in Wolseley, across all of Winnipeg it sits in the middle third (top 67%) for age. That means there are many older and many newer homes citywide; its age is distinctive locally, not unusual broadly.

3. What does “top 8% for assessed value” mean in practice?
It means this home is valued higher than 92% of other homes on Lenore Street. This could reflect renovations, a premium location within the street, or simply a well-preserved structure. It’s a signal that the market sees above-average value here, but it doesn’t guarantee sale price—assessment and market value are different things.

4. How does the living area compare to similar Wolseley homes?
Living area is 1,872 sqft, which is about 15% larger than the Wolseley average for comparable homes. It’s also significantly bigger than the city average (1,342 sqft). If you need more indoor space without extra land, this layout may work well.

5. Is this property good for an investor or a first-time buyer?
It could work for both, but for different reasons. An investor might be attracted by the strong street-level value and older construction in a desirable area. A first-time buyer should be comfortable with a smaller lot and the potential maintenance that comes with a 1950s home, but the valuation suggests it’s a solid entry point into Wolseley without overpaying for land.