480 Dominion Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1914 home with 2,210 sq ft of living space on a 4,967 sq ft lot, located on Dominion Street in Winnipeg’s Wolseley neighbourhood. The property ranks exceptionally well by assessed value—first on its street, top 1% in the neighbourhood, and top 3% citywide. The living area is also strong: top 3% on the street and top 6% across the city. The lot is above average for both its street and neighbourhood, though it sits around the citywide midpoint.

The appeal here lies in the combination of a high-value home on a sought-after street, within a neighbourhood known for its character and established tree canopy. The year built (1914) places it among older homes on Dominion Street and citywide, but slightly newer than the Wolseley average—meaning it may have original detailing without being among the very oldest in the area. Buyers should note that while the assessed value is elite, the home itself is not oversized for the lot; the living area and lot size are proportional, which can be a practical advantage for maintenance and yard care.

This property would suit buyers who prioritize location and long-term value over a move-in-ready modern finish. It fits someone drawn to Wolseley’s walkability, mature streets, and proximity to the river, who is comfortable with an older home that may need updates or has already been maintained to a higher standard. It is less suited for someone seeking a newly built house or a large suburban lot.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $737,000 is the highest on Dominion Street (top 1%), well above the street average of $286,200. It also ranks in the top 1% for Wolseley and top 3% citywide. This reflects both the home’s size and its location, but buyers should verify whether the assessment aligns with recent sale prices in the area.

2. Is the lot size typical for the neighbourhood?
At 4,967 sq ft, the lot is above average for Dominion Street (top 6%) and Wolseley (top 8%), but it falls near the citywide average. For Wolseley, this is a comfortably sized lot—larger than many older inner-city properties, but not unusually deep or wide.

3. What does the year built (1914) mean for maintenance or renovations?
Homes from this era often have solid construction, plaster walls, and may still retain original woodwork or windows. However, mechanical systems (heating, plumbing, electrical) are likely older and should be inspected. The ranking shows it is older than most homes on its street (top 88%) but slightly newer than the Wolseley average, so it may have been updated more recently than some nearby houses.

4. How does the living space compare to other homes in Wolseley?
At 2,210 sq ft, the living area is well above the Dominion Street average of 1,126 sq ft and the citywide average of 1,342 sq ft, but below the Wolseley average of 1,622 sq ft. This suggests the home is one of the larger ones on its block, though the neighbourhood as a whole includes some grander older houses.

5. What is Wolseley like as a neighbourhood for this type of property?
Wolseley is an established, walkable area with mixed housing stock—from modest wartime bungalows to larger early 20th-century homes. Dominion Street is one of its quieter, more prestigious stretches. Buyers should be aware that older homes here often have varying levels of upkeep, and the premium on assessed value may not always translate one-to-one into resale price, especially if major upgrades are needed.