50.6
Fair
Property score
50.6
Fair
Overall 50.6
Smaller and older than most nearby homes
944 sqft (bottom 8%)
Built in 1905 (11 yrs older than avg)
Located in a above-average income area
with median household income of ~71.5k
Transit 92.0
3-min walk to transit with 8 nearby routes
Within 500m: 14 dining spots, 1 school, 8 healthcare facilitys, and 7 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
42% smaller than neighborhood avg.
Year Built
Below average
11 yrs older than neighborhood avg.
Mother tongue
English · 85%French · 3%
Past 10 years Wolseley sales snapshot (~80% of all data)
820
382.5k
$285/sqft
1916
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50.6 is composed by the two sections below.
Property Score
Community Score
Wolseley
How to read: Share of sales in each ~$50k price band for “wolseley” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110646
$72K
Median household income
$88K
Average household income
11%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
41%
Single-person households
17%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
228 Chestnut Street — 48 amenities found within 500 m, across 9 categories, including 14 dining (nearest 283 m), 1 education (nearest 324 m), 8 healthcare (nearest 240 m).
Wolseley · WPS public data · 2026
Annual incidents
34
2026
vs. city avg
+15%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
68%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 1905-built home with 944 sqft of living space on a 2,142 sqft lot, located on Chestnut Street in the Wolseley neighbourhood of Winnipeg. In almost every metric—size, age, assessed value, and lot dimensions—this property sits well below its local and citywide averages. On its own street, it ranks 98th out of 99 homes in living area, and dead last in age and assessed value. The house is small, old, and on a compact lot, even by Wolseley standards.
Where its appeal lies is in what that implies: a lower entry point into a desirable older neighbourhood. Wolseley is known for its tree-lined streets, walkability, and character homes, but most of those homes are larger and more expensive. This property represents a relatively rare chance to buy into that area at a price that reflects its modest footprint and condition. It suits buyers who prioritize location over square footage—first-time buyers or renovators who are comfortable with a small space and an older structure, and who see the trade-off between size and neighbourhood as worthwhile. It’s not for someone looking for a move-in-ready family home or a property with room to expand on the lot.
1. Is this home in a desirable area despite being ranked so low on the street?
Yes. Wolseley is one of Winnipeg’s more sought-after older neighbourhoods, known for its mature trees, close-knit feel, and proximity to the river and downtown. Low rankings on Chestnut Street itself mostly reflect the fact that many neighbouring homes are larger and newer—not that the street is undesirable.
2. How much renovation might be needed for a 1905 home?
That’s impossible to say without an inspection, but homes of this age often have older electrical, plumbing, and insulation. Given the low assessed value, it’s reasonable to assume the property has not been recently updated in a major way. Buyers should budget for potential system upgrades and lead paint or asbestos abatement.
3. What does the assessed value of $165,000 actually mean for taxes?
Property taxes are based on a portion of that assessed value, set annually by the city. A $165,000 assessment is relatively low for Winnipeg, meaning taxes will also be modest compared to most homes in Wolseley. It’s one of the financial advantages of this property.
4. Could the lot size limit future expansion or additions?
Very likely. At 2,142 sqft, the lot is small even for Wolseley (where the average is around 3,400 sqft) and far below the city average. Adding a significant addition would probably involve zoning and setback challenges. This is a home that’s probably best lived in as-is or updated within its existing footprint.
5. Is this comparable to other “starter” homes in Winnipeg?
Not exactly. Most starter homes in the city are newer or on larger lots, but often in less central neighbourhoods. This property trades size and condition for a location that typically commands higher prices. It’s more of a niche entry point for someone specifically targeting Wolseley, rather than a typical first-home option.
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