461 Sprague Street – Property Summary

Key Characteristics & Buyer Fit

This 1923 home on Sprague Street in Wolseley offers 1,464 sq ft of living space on a 3,940 sq ft lot. The assessed value is $399,000.

Where the appeal lies: The lot is the standout feature. It ranks 4th out of 50 homes on the street (top 8%) and 387th out of 2,349 in the neighbourhood (top 16%) — meaning you get noticeably more land than most nearby properties. The living space is slightly above the street average but below the neighbourhood average, which is typical for a home of this era. The assessed value sits above both the street and neighbourhood averages, suggesting the house itself carries decent value relative to its immediate surroundings.

What’s less obvious: The home was built in 1923, which puts it squarely in line with other houses on the street (average also 1923) but older than the Wolseley neighbourhood average of 1916 — meaning it’s actually newer than many of its immediate neighbours. That’s a subtle detail that can matter if you’re weighing maintenance history or character vs. modern updates. The city-wide comparison shows it’s older than 86% of Winnipeg homes, so you’re buying into a street and neighbourhood where vintage character is the norm rather than the exception.

Who it suits: Buyers who value yard space and a walkable, established neighbourhood over a newer or bigger house. Wolseley attracts people who want mature trees, older architecture, and a sense of community. This property would work well for someone who’s comfortable with an older home and sees the large lot as a priority — whether for gardening, outdoor living, or future expansion. It’s less suited to someone who needs maximum interior square footage or a move-in-ready property with no age-related quirks.

Five FAQs

1. How does this home’s size compare to others in Wolseley?
It’s slightly below the neighbourhood average of 1,622 sq ft, ranking in the 58th percentile. But on its own street, it’s above the 1,267 sq ft average, so it’s a solid size for the immediate area.

2. Is the assessed value high for what you get?
The $399,000 assessment is above both the street and neighbourhood averages ($367,000 and $371,000 respectively), which reflects the larger lot and likely the home’s condition. It’s very close to the citywide average of $390,000, so it’s not out of line for Winnipeg as a whole.

3. What’s the lot actually like?
3,940 sq ft is generous for Wolseley, where the average is 3,434 sq ft. It’s one of the largest lots on Sprague Street — top 8%. Citywide, lots tend to be bigger (6,570 sq ft average), but that’s largely driven by newer suburbs. Within this older, denser neighbourhood, this is a good-sized yard.

4. How old is the house, and does that matter?
Built in 1923, so over a century old. It’s typical for Sprague Street, and newer than many homes in Wolseley (average 1916). That means it may have had more opportunities for updates over the decades, but it’s still an old house — expect plaster walls, potential knob-and-tube wiring, and possibly a need for modern insulation or foundation work. A home inspection is essential.

5. How does this property compare to others nearby?
You can view a side-by-side map comparison for neighbouring properties using the “open surrounding map analysis” link on the original listing. That gives you a visual breakdown of lot size, build year, assessed value, and square footage for nearby similar homes — useful for understanding how this one stacks up on a block-by-block level.