36 Home Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1912 home with 2,210 square feet of living space on a 3,314-square-foot lot, located in Winnipeg’s Wolseley neighbourhood. Its standout feature is a remarkably high assessed value of $590,000—placing it in the top 1% on its street and top 5% within the area, while the street average sits around $242,000. This suggests a property that has been significantly upgraded or expanded relative to its neighbours. The living area is also well above typical for the street (top 5%) and citywide (top 6%), though the lot size is slightly below the neighbourhood average—a common trade-off in older, established areas where larger homes occupy smaller parcels.

The appeal lies in having a home that feels genuinely spacious without requiring a massive suburban lot. The year built (1912) aligns with Wolseley’s character housing stock, meaning the property likely retains period details, though maintenance expectations will differ from newer construction. This is not a fixer-upper for bargain hunters; the assessed value signals a finished, move-in-ready home with premium finishes or additions.

The ideal buyer is someone who values character, walkable neighbourhoods, and interior space over a large yard. It would suit a professional couple, a small family, or someone returning to the city from a larger suburban home who wants older-house charm without the compromise of cramped rooms. Buyers should be comfortable with the realities of a century-old structure—even updated ones can have quirks—and should budget accordingly for ongoing upkeep.

Five Possible FAQs

1. Why is the assessed value so much higher than the street average?
Assessed value reflects market estimates of a property’s worth based on recent sales, improvements, and condition. A value nearly 2.5 times the street average typically points to substantial renovations—think kitchen, bathrooms, mechanicals, or a major addition—that set the home apart from its neighbours. It may also reflect a premium location within the street, such as a corner lot or quieter end.

2. How does the lot size compare to typical Winnipeg homes?
The lot is 3,314 square feet, which is slightly below the neighbourhood average of 3,434 and well below the citywide average of 6,570. That’s common for older, denser neighbourhoods like Wolseley, where land was subdivided more tightly. If you’re used to a large backyard, you’ll want to see the outdoor space in person to judge whether it meets your needs.

3. What should I know about the age of the house?
Built in 1912, the home is part of Winnipeg’s early 20th-century housing boom. While this often means solid construction and desirable architectural details, you should expect older electrical, plumbing, or insulation unless specifically updated. The citywide ranking (bottom 8% for age) is a reminder that most homes in Winnipeg are much newer, so you are buying into an older-house lifestyle.

4. How does this property’s living area compare to others in Wolseley?
At 2,210 square feet, it is ranked in the top 11% for the neighbourhood and top 6% citywide. This puts it well above the typical Wolseley home, which averages around 1,622 square feet. That extra space often comes in the form of a larger main floor, a finished attic, or a compact second storey—worth confirming during a viewing.

5. Is the high assessed value reflected in higher property taxes?
Generally, yes. Assessed value is used to calculate municipal property taxes, so a $590,000 valuation will result in higher taxes than the street average of $242,000. However, tax rates vary annually, and the actual amount depends on the city’s mill rate. You should request the current tax bill from the seller or agent to get an exact figure before budgeting.