Key Characteristics & Appeal

This is a 723-square-foot home built in 1914, located on Home Street in the Wolseley neighbourhood. Its assessed value sits at $171,000. The property's key characteristics emerge from how it compares to similar homes at three levels: on its street, in its neighbourhood, and across Winnipeg.

Where its appeal lies: The home's strongest asset is its street-level performance. It ranks in the top third on Home Street for both size (11th out of 36) and assessed value (11th out of 36), meaning it offers better-than-average square footage and equity for its immediate block. Citywide, however, it registers as below average in all three categories—size, value, and age—which makes it relatively modest on the larger market. The 1914 build date places it among the older homes in Wolseley (52nd out of 139) and firmly in the oldest tier citywide (top 96%), so character and vintage are likely selling points, not drawbacks.

Type of buyer it suits: This property likely appeals to someone who values location and street-level value over raw space or modern finishes. A buyer who wants to live in Wolseley—a neighbourhood known for its tree-lined streets, older homes, and community feel—without paying a premium for a larger renovated property. It could also suit an investor or first-time buyer looking for a more affordable entry point in a well-regarded area, with the understanding that the home's age may require ongoing maintenance. It is less suited to someone seeking a move-in-ready home with citywide average space or someone prioritizing a newer build.

Five Possible FAQs

1. How does this property's size compare to other homes in Wolseley?
It’s roughly average for the neighbourhood. The 723-square-foot living area places it at 78th out of 139 similar homes in Wolseley, which is right around the middle (top 56%). It is smaller than the citywide average for comparable homes (1,042 sqft), but that’s typical for older homes in this area.

2. Is the assessed value of $171,000 reasonable for this home?
On its street, yes—it’s above the average of $138,700 and ranks in the top third. In Wolseley, it ranks 50th out of 139 (top 36%), which is slightly above the neighbourhood average of $145,800. Citywide, it is well below the average of $256,100, which reflects both the smaller size and older age of the property relative to newer suburban homes.

3. What should I know about a home built in 1914?
It’s one of the older homes in Winnipeg—only 4% of comparable properties citywide are older. In Wolseley, it’s a bit older than the neighbourhood average build year of 1936. This means you should expect original construction features, potential for outdated systems (electrical, plumbing, insulation), and possibly lead paint or knob-and-tube wiring. A thorough home inspection is strongly recommended.

4. How does this property rank overall, and what do the rankings mean?
Rankings compare this home to others of the same type within its street, neighbourhood, and city. A lower number means a higher rank (e.g., #11 out of 36 is better than #22). For square footage and assessed value, it does well locally but drops off citywide. For year built, being older gives it a lower rank citywide (#25,790 out of 26,841), which is expected for a 1914 home.

5. Is Wolseley generally a good area for resale value?
Wolseley is a mature, desirable neighbourhood with stable demand. Homes here tend to hold value well, though they may not appreciate as quickly as newer subdivisions. This property’s assessed value is above the Wolseley average, which is a positive sign. However, resale will depend heavily on the home’s condition, renovations, and how its small footprint compares to buyer expectations in the area.