22 Ruby Street – Property Summary

Key Characteristics & Buyer Profile

This is a compact 886 sqft home on Ruby Street in Wolseley, Winnipeg, built in 1929. Its standout feature is the lot: 3,053 sqft, which ranks in the top 11% on the street and sits notably above the street average of 2,977 sqft. The house itself is older than most in the city (top 10% oldest on its street), and its assessed value of $307k is below the street and neighborhood averages, but in line with citywide norms for comparable homes.

The appeal here is not about space or a turnkey finish. Instead, it’s about land and location. The lot gives you room that many nearby properties lack, and the older construction suggests character bones (common in Wolseley) rather than a modern flip. The living area is below average across all three comparison levels—street, neighborhood, and city—which means the property will feel small by local standards. That’s a trade-off: you get more yard, less house.

This would suit a buyer who values outdoor space, is comfortable with a smaller footprint, and either appreciates older homes or is looking for a renovation project. It’s less suited to someone wanting move-in-ready square footage or a newer build. Investors or downsizers who want a manageable interior with a generous lot might find it a good fit. The below-average assessed value relative to the street could also point to potential value-add opportunity, assuming the property is priced accordingly.

Five Possible FAQs

1. How does the yard size compare to other properties in Wolseley?
The lot is 3,053 sqft, which is slightly below the neighborhood average of 3,434 sqft, but it ranks near the top half (50th percentile) locally. On Ruby Street itself, it’s one of the larger lots—top 11%. So, while it’s not oversized for Wolseley as a whole, it’s generous for this particular block.

2. Is the assessed value of $307k low for this area?
It’s below the street average ($372.5k) and neighborhood average ($371.3k), but close to the citywide average for comparable homes ($390.1k). That suggests the home’s smaller size and older age bring the value down relative to neighbors. It ranks in the top 69% citywide, meaning about 31% of similar homes are valued lower.

3. What does “top 10%” for year built actually mean here?
It means this home was built earlier than 90% of others on Ruby Street and in Wolseley. The street average construction year is 1916, and the neighborhood average is also 1916. At 1929, the home is still old by modern standards, but slightly newer than many of its immediate neighbors. Citywide, it’s older than most (top 83% oldest).

4. Would this property be a good candidate for an addition?
Potentially, but it depends on zoning and setback rules. The lot is 3,053 sqft, which is above average for the street but below average for the neighborhood. Any expansion would likely need to work within the existing footprint or require a variance. Given the home’s age (1929), structural considerations and heritage restrictions in Wolseley could also apply. A local contractor or architect would need to assess.

5. How does the living area rank within the city of Winnipeg?
The 886 sqft living area places this home in the bottom 15% citywide (top 85% ranking). That means it’s smaller than the vast majority of comparable homes in Winnipeg, where the average is 1,342 sqft. On Ruby Street and in Wolseley, it’s even smaller relative to neighbors—ranking in the bottom 5% locally. If you need indoor space, this isn’t the one.