54.5
Fair
Property score
54.5
Fair
Overall 54.5
Larger but older than most nearby homes
2,150 sqft (top 14%)
Built in 1906 (10 yrs older than avg)
Located in a below-average income area
with median household income of ~35.6k
Transit 100.0
1-min walk to transit with 8 nearby routes
Within 500m: 11 dining spots, 1 school, 8 healthcare facilitys, and 7 shops nearby
Living Area
Above average
33% larger than neighborhood avg.
Year Built
Below average
10 yrs older than neighborhood avg.
Mother tongue
English · 75%French · 2%
54.5 is composed by the two sections below.
Property Score
Community Score
Past 10 years Wolseley sales snapshot (~80% of all data)
820
382.5k
$285/sqft
1916
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The real estate market is turning around
In Winnipeg this week (May 24), over-asking sales are dropping quickly.
Sales-to-New-Listings
1,465
sold
2,307
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
39 of 75 sold above asking · MLS Winnipeg sold listings 2026-05-18 – 2026-05-24
With a Sales-to-New-Listings ratio of 63.5% and 52% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Wolseley
How to read: Share of sales in each ~$50k price band for “wolseley” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110644
$36K
Median household income
$45K
Average household income
41%
Low income (LIM-AT)
0.3
Income inequality (Gini)
5.4
P90 / P10 ratio
50%
Single-person households
9%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). "Avg" is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
47 Picardy Place — 44 amenities found within 500 m, across 9 categories, including 11 dining (nearest 190 m), 1 education (nearest 267 m), 8 healthcare (nearest 95 m).
Wolseley · WPS public data · 2026
Annual incidents
34
2026
vs. city avg
+15%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
68%
Local garbage, recycling, and yard waste pickup schedule for 47 Picardy Place.
Garbage
friday
Recycling
friday
Yard Waste
friday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 39% | Bottom 43% |
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 47 Picardy Place. No advertising. Data source details →
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This 1906 home in Wolseley offers 2,150 sq ft of living space on a 3,591 sq ft lot, with an assessed value of $233,000. The property stands out most clearly for its size: it's above average at the neighbourhood level (top 14%) and citywide (top 7%), meaning it provides notably more interior space than most comparable homes in Winnipeg. The land area is also slightly above average for Wolseley, though modest by broader city standards.
The assessed value, however, is well below street, neighbourhood, and city averages—ranked in the bottom 6% on Picardy Place itself. This gap between generous square footage and relatively low valuation is the property's central tension. Buyers should consider whether the low assessment reflects deferred maintenance, an awkward layout, or simply a quiet local market. The home is also one of the older on the street (top 13% for age in this area), which may appeal to those who value original character but should prompt a careful look at the mechanicals and structure.
This property would suit buyers who prioritize interior space and are willing to take on a property that may need updating or ongoing maintenance. It's less suited to someone looking for a turnkey home or a large lot. The low assessed value could also appeal to investors or owner-occupants focused on long-term equity growth, provided they have the budget and patience for any necessary renovations.
1. Why is the assessed value so low compared to other homes on the street?
The assessment is based on market conditions at the time of the last valuation, property condition, and comparable sales. A low rank suggests this home may be priced below its neighbours due to factors like age, deferred upgrades, or a more modest interior finish.
2. Does "above average" living area mean the house feels spacious?
Yes, but the layout matters. With 2,150 sq ft, the home is larger than most in Wolseley and the city. However, older homes often have smaller rooms or segmented floor plans, so visiting in person is key to understanding how the space actually functions.
3. How does the lot size compare to other older homes in Winnipeg?
At 3,591 sq ft, the lot is typical for Picardy Place but below the citywide average of 6,570 sq ft. Many newer homes outside the core have significantly larger yards. Within Wolseley, this lot is on the larger side, which is common for the neighbourhood's older character homes.
4. What should I look for given the home was built in 1906?
Focus on the roof, foundation, electrical wiring, plumbing, and insulation. Older homes can have charm but may also require significant investment in these systems. A thorough home inspection is strongly recommended, especially before assuming the low assessed value means a bargain.
5. Would this property be a good investment?
It depends on your goals. The low assessed value relative to living area could mean upside if the home is updated and the neighbourhood appreciates. However, older homes often carry higher maintenance costs, and the current valuation may already reflect known issues. Run realistic renovation and carrying-cost numbers before committing.
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