39 Home Street – Property Summary

Key Characteristics & Buyer Profile

This 1,600-square-foot home in Wolseley was built in 1911 and sits on a 3,209-square-foot lot. What stands out is its assessed value relative to its street: at $406,000, it ranks in the top 11% on Home Street, where the average assessment is only $242,700. That gap is significant—it suggests the home has seen meaningful updates, or that it offers something the rest of the street largely doesn't, like a finished interior or modern systems. Living area is also above street average (top 27%), though the property is roughly average for the Wolseley neighbourhood in both living space and lot size. City-wide, the lot is on the smaller side (top 85% means most properties in Winnipeg have more land), while the house itself is slightly larger than typical.

The appeal here is local: you're buying a home that sits well above its immediate street peers in value and size, in a neighbourhood where it's squarely in the middle of the pack. For buyers who want a solid, character-era home in a desirable central Winnipeg neighbourhood without paying a premium for a massive lot or square footage, this property balances presence on its street with realistic expectations for the area. It would suit someone who values walkability, older architecture, and a home that's likely been improved over time—but who doesn't need sprawling land or a fully modernized structure.

Frequently Asked Questions

1. Why is the assessed value so much higher than other homes on the same street?
The assessment likely reflects recent renovations, a higher-quality interior finish, or an addition—since the living area is also above street average. It's not typical for a 1911 home on Home Street to be assessed 67% higher than the street median unless something substantial has been done.

2. How does the lot size compare to other Wolseley homes?
The 3,209-square-foot lot is slightly below the Wolseley average of 3,434 square feet, but it's in the top 25% on Home Street itself. In other words, the lot is decent for the street but small for the broader neighbourhood, and very small compared to newer suburban subdivisions.

3. Is a 1911 home likely to have character features, or will it need a lot of work?
That depends on its renovation history. The high assessed value suggests the home may have been updated, but original features like high ceilings, plaster walls, and trim are common for the era. A home inspection is the only way to confirm the condition of the foundation, wiring, and plumbing.

4. How does this property rank for resale value?
Its street-level ranking (top 11% in value) and neighbourhood ranking (top 27%) are strong indicators that it's already priced above local benchmarks. Resale potential depends on whether future buyers see similar value in the updates—and whether the small lot limits interest from families seeking more outdoor space.

5. Why is the city-wide ranking for year built so low (top 93%)?
That ranking means the home is older than 93% of properties city-wide. Most Winnipeg homes were built later—the citywide average year built is 1966. For a 1911 home, that's expected in an older neighbourhood like Wolseley, and it's not unusual for the area.