476 Stiles Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,052-square-foot home built in 1923, located in Winnipeg’s Wolseley neighbourhood. Its standout feature is the year built: it ranks in the top 5% on its street and top 20% for the area, meaning it’s older than most nearby homes, which tend to date from around 1912–1916. For buyers who appreciate early-20th-century character—original trim, solid construction, or the potential for period restoration—this is a notable asset.

The assessed value of $275,000 sits below the neighbourhood average of $371,300 and below the citywide average of $390,100. On its street, it’s ranked 35 out of 64 (top 55%), suggesting it’s priced competitively relative to immediate neighbours. However, the land area is small: 2,195 square feet, ranking in the bottom 3% citywide and bottom 19% on the street. This is a compact lot typical of older urban infill, which limits expansion or yard space but often means lower maintenance.

The living area is slightly below the street average (1,170 sqft) but close to the citywide average (1,342 sqft), placing it in a mid-range bracket. Overall, the property offers older-home charm at a below-average price point, but with a small footprint both inside and out.

Who it suits: Buyers looking for an entry point into Wolseley—a neighbourhood known for tree-lined streets, older homes, and proximity to the river—who value character over square footage. Also suited to those comfortable with a smaller lot and willing to invest in updating an older property. Less ideal for anyone needing a large yard, a modern open floor plan, or a move-in-ready home without renovation.

Frequently Asked Questions

1. How does this home compare to others on Stiles Street?
It’s slightly smaller than the street average (1,052 vs. 1,170 sqft) and assessed at about $19,000 below the street average ($275K vs. $294K). Being one of the oldest homes on the street (built 1923 vs. average 1912), it may have more original details but also potentially more maintenance needs than younger neighbours.

2. Why is the assessed value so much lower than the Wolseley average?
The Wolseley average of $371,300 reflects a mix of larger homes and larger lots. This property’s smaller living area (1,052 sqft) and much smaller land (2,195 sqft versus the neighbourhood average of 3,434) bring its assessed value down. It’s not an indicator of poor condition, but of size and location within the area.

3. What does “ranked top 86% citywide for year built” mean in practice?
It means 86% of houses in Winnipeg are newer than this one. That’s common for older inner-city neighbourhoods like Wolseley, but unusual citywide where the average home was built in 1966. Buyers should expect systems (plumbing, electrical, roof) that may need updating unless recently replaced.

4. Is the small land area a dealbreaker?
It depends on your needs. At 2,195 sqft, the lot is roughly half the size of the average city lot in Winnipeg (6,570 sqft). There’s limited room for a large garden, garage, or addition. However, smaller lots often mean lower property taxes and less yard work. In a mature neighbourhood like Wolseley, this is not uncommon.

5. How does the living area rank compared to similar homes?
On its street, it’s around average (top 70%). In Wolseley, it’s below average (top 87%). Citywide, it’s again around average (top 66%). So it’s a modestly sized home—typical of older starter houses—but not unusually small for its immediate street context.