215 Walnut Street – Property Summary

Key Characteristics & Buyer Profile

This 1911 home in Wolseley offers 2,094 square feet of living space on a 3,358-square-foot lot. Its assessed value is $432,000.

The property stands out most for its size. On its own street, it ranks in the top 14% for living area, and citywide it sits in the top 9% — meaning it’s significantly larger than most comparable homes in Winnipeg. The assessed value is above average for the street and neighbourhood, but only around average citywide, which suggests you’re getting more space per dollar than in many other parts of the city.

The land area is above average for the street but below average citywide. That’s typical for an older, established neighbourhood like Wolseley — lots are smaller than newer suburban subdivisions, but the homes themselves tend to be more substantial.

The year built (1911) is early even by Wolseley standards, and very old compared to the city average of 1966. That points to a well-established property with likely original character details, but also means a buyer should expect the maintenance and systems updates that come with an older home.

Who it suits: Buyers who value space — both inside and in a walkable, mature neighbourhood — over a large yard. The home would likely appeal to someone looking for a solid, older house in a central area, with room to spread out. It may be less ideal for someone wanting a move-in-ready modern build or a big backyard for kids or gardening.

Five Possible FAQs

1. How does the assessed value compare to similar homes in the area?

The assessed value of $432,000 is above average for both the street (average $337,500) and the neighbourhood (average $371,300), but roughly average citywide. You’re paying a premium for a larger home in a desirable older neighbourhood, not for land size.

2. Is a 1911 home likely to need major updates?

Almost certainly. While no specific condition details are provided here, homes of this vintage in Wolseley often retain original woodwork, plaster walls, and older mechanical systems. Buyers should budget for potential updates to electrical, plumbing, insulation, and windows — even if the home looks well-maintained.

3. How does the lot size compare to other Winnipeg homes?

The lot is 3,358 square feet — above average for Walnut Street but well below the Winnipeg average of 6,570 square feet. That’s common for the Wolseley area, where lots are compact but the neighbourhood is dense and walkable.

4. What does “ranked #5 out of 87 on the street” mean for the year built?

It means this is among the oldest homes on the street. On Walnut Street, the average home was also built in 1911, so this isn’t an outlier, but citywide it’s in the oldest 7% of properties. The home likely has architectural features from that era, but may also have heritage restrictions or quirks that modern homes don’t.

5. Is this property a good investment compared to newer homes?

That depends on your priorities. The living space is well above average, which adds value per square foot. But older homes can have higher ongoing costs (maintenance, heating, insurance). The assessed value suggests the market already accounts for that balance. For someone who values character and central location over low maintenance, it could be a solid long-term hold.