317 Aubrey Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1911-built home with 1,164 sqft of living space on a 3,003 sqft lot in the Wolseley neighborhood of Winnipeg. The property’s main draw is its positioning in the market: the assessed value sits at $264,000, well below the street average of $320,500 and significantly lower than the neighborhood and citywide averages. For a buyer who values relative affordability in an established area, this represents a lower-cost entry point compared to surrounding homes.

The appeal lies in the trade-off. The lot is slightly smaller than the neighborhood norm but still offers a standard city yard. The living area is in line with street and city averages, making it a functional, no-surprises footprint. While the home’s age is typical for Wolseley (average on that street is 1917), the assessed value suggests it may need work or is conservatively priced relative to its peers. This property would suit a buyer comfortable with an older home who is looking for a price advantage over other homes on the same street or in the same neighborhood—someone who sees value in a lower assessment rather than a turnkey finish.

Five FAQs

1. How does this home’s assessed value compare to others nearby?
The assessed value of $264,000 is below the street average ($320,500), the neighborhood average ($371,300), and the city average ($390,100). It ranks in the bottom 20% citywide, meaning the price gap is significant and not just a local quirk.

2. Is the living space small for this area?
The living area is around average for Aubrey Street (1,243 sqft average) and about 28% smaller than the typical Wolseley home (1,622 sqft). It’s slightly less than the city average of 1,342 sqft. If you’re used to newer suburban floor plans, this will feel compact, but it’s a common size for a pre-war home in this part of town.

3. What does the lot size mean in practice?
At 3,003 sqft, the lot is close to the street average but smaller than the neighborhood average of 3,434 sqft. Compared to the citywide average of 6,570 sqft, it’s a modest city lot. The ranking shows it’s actually on the smaller side for Winnipeg as a whole, so don’t expect deep backyard space.

4. How old is the home, and does that matter?
Built in 1911, it’s slightly older than the street average (1917) but very typical for Wolseley. Citywide, it’s older than 93% of comparable homes, which is a good reminder that this area has a much older housing stock than most of Winnipeg. That often means solid construction but also potential for older systems and foundations.

5. What’s the main risk or thing to look into?
The biggest practical concern is the gap between the low assessment and the condition of the home. A $264,000 assessment on a street where the average is $320,500 suggests the property may be under-valued for a reason—likely deferred maintenance, an outdated interior, or a less desirable layout. A thorough home inspection is wise before assuming the low price is just a bargain.