266 Aubrey Street – Property Summary

Key Characteristics & Buyer Profile

This 1920s home in Wolseley offers 1,825 square feet of living space on a 3,010-square-foot lot. What stands out most is the assessed value: at $480,000, it ranks in the top 2% on Aubrey Street and top 13% in the neighbourhood—well above the street average of $320,500. The living area is also notably generous, ranking in the top 9% on the street and top 16% citywide. The land, however, is modest by city standards, ranking in the bottom 12% for lot size. The year built is typical for the area but older than most homes across Winnipeg.

The appeal here lies in getting a larger-than-average house in a sought-after older neighbourhood, without paying for a big yard. For buyers who prioritize interior space and location over outdoor square footage, this property offers strong value compared to newer or more suburban homes with similar square footage. It would suit someone who appreciates pre-war character homes, wants room to spread out, and is comfortable with a compact lot—or prefers less yard maintenance. The assessed value suggests the home may have been well-maintained or updated, though that should be verified in person.

Five Frequently Asked Questions

1. How does this home’s lot size compare to others in Wolseley?
It’s slightly below the neighbourhood average. The lot is 3,010 square feet, while the Wolseley average is around 3,434 square feet. Citywide, it’s much smaller than the typical 6,570-square-foot lot. This is common for older inner-city homes.

2. Is a high assessed value always a good sign?
Not necessarily. It can indicate recent renovations, desirable location, or strong demand. But it also means higher property taxes. In this case, the $480,000 assessment is significantly above both the street and neighbourhood averages, so it’s worth understanding what drove that value—whether it reflects genuine quality or inflated market conditions.

3. How old is the house, and is that a concern?
Built in 1920, which is typical for Wolseley and similar to nearby homes. Citywide, most homes are newer (average 1966), so this is an older structure. That can mean solid construction but also potential issues with knob-and-tube wiring, lead pipes, or old foundations. A thorough inspection is recommended.

4. How does the living space compare to other homes in the city?
It’s well above average. At 1,825 square feet, it ranks in the top 16% citywide and top 9% on its street. Most comparable homes in Winnipeg are around 1,342 square feet. So this is a genuinely spacious house for its price point and area.

5. What does “ranked #2 out of 118 on the street” mean for resale value?
It means this home is among the most valuable on Aubrey Street. That could be a double-edged sword: it may hold value well if the street continues to improve, but it also means there’s less room for rapid appreciation compared to a lower-ranked home in a rising area. Market conditions and specific updates will matter more than the rank alone.