Key Characteristics & Buyer Profile

48 Aubrey Street is a 1,340 sqft detached home built in 1945, sitting on a 3,651 sqft lot in Winnipeg’s Wolseley neighbourhood. The property’s strongest relative advantage is its construction year: within Wolseley, it ranks in the top 3% for newer builds—a meaningful distinction in a neighbourhood where most homes date to the 1910s. Its land area also stands out locally, ranking 7th on Aubrey Street (top 6%) and well above the street average of 2,982 sqft. The assessed value of $373,000 is slightly above the street average but lines up closely with the Wolseley and city medians, suggesting no major valuation surprises.

The appeal lies in a relatively newer home on a good-sized lot within a sought-after central neighbourhood. Buyers drawn to Wolseley for its character, walkability, and mature tree canopy often face older homes that need significant updating. This property offers a way into that setting without dealing with a century-old structure. At 1,340 sqft, it’s not oversized, and the lot is smaller than the citywide average—typical for an urban infill area—so it won’t suit someone looking for a large yard or sprawling square footage. The ideal buyer is someone who values location and a more recent build over sheer space; likely a couple, small family, or downsizer who wants a solid, updated home in a well-established neighbourhood without taking on a full renovation.

FAQs

1. What does “built in 1945” mean for maintenance and systems?
A 1945 home is newer than most in Wolseley (where the average build year is 1916), but it’s still nearly 80 years old. Buyers should expect that major systems—plumbing, electrical, roof, furnace—may have been updated at some point but likely not all at once. A home inspection is essential to confirm what’s original and what’s been replaced, especially since post-war builds can vary in quality.

2. How does the property’s land size compare to what people expect in Wolseley?
The lot is 3,651 sqft, which is actually larger than the Wolseley average of 3,434 sqft and well above the Aubrey Street average of 2,982 sqft. However, it’s small compared to citywide norms (6,570 sqft), which is typical for central neighbourhoods. If you’re coming from the suburbs, the yard will feel compact.

3. Is the assessed value of $373,000 a reliable indicator of market price?
Assessed value is used for property tax calculation and is based on market data, but it doesn’t always match current sale prices in a fast-moving market. In Wolseley, homes can sell above assessed value, especially for properties with newer builds. Check recent sales on Aubrey Street and nearby streets for a clearer picture.

4. Would this property work for someone who wants to add on or renovate?
The lot is larger than most on the street, which could allow for a modest addition or a garage, but it’s still small by city standards. Zoning and setback rules in Wolseley can be restrictive, especially in a neighbourhood with older, established homes. Before planning any expansion, check with the city on permitted lot coverage and building envelopes.

5. How does this home compare to other properties in the same price range in Winnipeg?
At $373,000 assessed, this property sits near the citywide median ($390,000) but delivers a newer build than many homes at that price point. The trade-off is less land and square footage than what’s available in newer subdivisions further out. The value is really in the location—Wolseley offers proximity to the river, shops, and transit that many comparably priced homes outside the core can’t match.