466 Stiles Street – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home in Winnipeg’s Wolseley neighbourhood. At 972 square feet of living area, it’s smaller than most homes on its own street (ranked 51st out of 64) and well below the neighbourhood average of 1,622 square feet. The assessed value of $232,000 is also on the low end—94th percentile on the street, 96th in the area. Built in 1909, it’s older than most homes in the city (95th percentile citywide) but roughly in step with other houses on Stiles Street, where the average build year is 1912. The lot is 2,196 square feet, which is around average for the street but very small compared to typical Winnipeg lots.

The home’s appeal lies in its affordability and entry-level price point. For buyers who prioritize location over space, this property offers a foothold in Wolseley—a neighbourhood known for its character, tree-lined streets, and proximity to the river, shops, and transit. It would suit first-time buyers, downsizers, or investors looking for a lower-cost property in a desirable inner-city area. The smaller footprint also means lower maintenance and utility costs. However, buyers should expect compromises: limited square footage, a small lot, and an older structure that likely needs updates. This is not a home for someone seeking a turnkey, spacious family house.

Five Possible FAQs

1. How does the living area compare to other homes in Wolseley?
The home’s 972 square feet is well below the neighbourhood average of 1,622 square feet. It ranks in the bottom 10% locally—meaning most houses in the area are significantly larger.

2. Is the assessed value in line with the condition of the property?
The assessed value of $232,000 is low for the street and area, which often reflects a combination of smaller size, older age, and possibly deferred maintenance. It may also mean lower property taxes, but buyers should get a home inspection to understand whether the valuation matches the actual condition.

3. Why is the lot size considered small, and what does that mean?
At 2,196 square feet, the lot is typical for the street but ranks in the bottom 5% citywide. In practice, this means limited outdoor space, no room for additions, and less privacy from neighbours. It’s a trade-off for being in a dense, walkable older neighbourhood.

4. How old is the house, and what should buyers watch for with a 1909 build?
The house is over a century old. While many homes in Wolseley date from a similar era, a 1909 build often comes with aging electrical, plumbing, foundation, and insulation. Renovations may have been done, but the age alone suggests a need for thorough inspections and a realistic budget for ongoing repairs.

5. Who typically buys a home like this in Wolseley?
The property appeals to buyers who want to live in Wolseley but can’t afford the larger, pricier homes in the area. That includes first-time buyers, people looking for a smaller or more affordable home in a central location, or investors willing to renovate over time. It’s less suited to families needing space or those who dislike older homes.