485 Craig Street

Wolseley, Winnipeg

Property score

61.5

Fair

Overall 61.5 · Smaller than most nearby homes

1,182 sqft (bottom 21%) · Built in 1912 (4 yrs older than avg)

Located in a high-income area with median household income of ~98k

Transit 92.0 · 4-min walk to transit with 6 nearby routes · Within 500m: 5 dining spots, 1 school, 4 parks, and 1 bank/ATM nearby

Living Area

Below average

27% smaller than neighborhood avg.

Year Built

Near average

4 yrs older than neighborhood avg.

Mother tongue

English · 86%French · 1%

Past 10 years Wolseley sales snapshot (~80% of all data)

Sold Count

820

Median price

382.5k

$/sqft

$285/sqft

Avg build year

1916

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Property score

61.5 is composed by the two sections below.

Property Score

44.6Low
Living Area60
1,182 sqftFair
Year Built16
1912Low
Lot Size18
2,195 sqftLow
Neighbourhood Sales Activity53
Fair

Community Score

86.9Excellent
Household Income84
Excellent
Education Level91
Excellent
Housing Stress83
Excellent
Core Housing Need88
Excellent
Employment Health96
Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110111

Community deep dive

$98K

Median household income

$116K

Average household income

9%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.3

P90 / P10 ratio

26%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)674
Labour force participation rate80%
Median age36.0
Avg household size2.4
Unemployment rate5%
Population density4493 / km²

Households & income

Low income (LIM-AT, % pop.)9%
Single-person households26%
Couple families with children30%
Median household income (2020)$98K

Housing

Renter households18%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)7%
Visible minority9%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 85%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,182 sqft
0255075100
Same streetTop 46%Same areaBottom 21%CitywideBottom 48%
Same street · Craig Street
#28 / 61
Top 46% · Avg 1,171 sqft
Same area · Wolseley
#1,852 / 2,349
Bottom 21% · Avg 1,622 sqft
Citywide · Winnipeg
#101,125 / 194,458
Bottom 48% · Avg 1,342 sqft

Tax-Assessed Value

above average
388k
0255075100
Same streetTop 7%Same areaTop 33%CitywideTop 42%
Same street · Craig Street
#4 / 61
Top 7% · Avg 299.4k
Same area · Wolseley
#782 / 2,349
Top 33% · Avg 371.3k
Citywide · Winnipeg
#80,778 / 194,458
Top 42% · Avg 390.1k

Year Built

above average
1912
0255075100
Same streetTop 21%Same areaTop 36%CitywideBottom 8%

Lot Size

around average
2,195 sqft
0255075100
Same streetTop 38%Same areaBottom 3%CitywideBottom 1%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

485 Craig Street — 15 amenities found within 500 m, across 6 categories, including 5 dining (nearest 259 m), 1 education (nearest 291 m), 4 parks (nearest 187 m).

Search radius
🍽️Dining5
🏫Education1
🌳Parks4
🏦Finance1
Fuel Stations1
Worship3

Crime & Safety

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%

Sales History

Sold 7/2016CA$250k–300k
Sold price

Same street

Top 31%

Same area

Bottom 30%

City-wide

Bottom 38%

Related homes

Highlights & common questions: 485 Craig Street, Winnipeg

485 Craig Street – Property Summary

Key Characteristics & Appeal

This is a 1912-built home in Wolseley with 1,182 sq. ft. of living space on a 2,195 sq. ft. lot. Its standout feature is its assessed value: ranked 4th out of 61 homes on Craig Street (top 7%), it sits well above the street average of $299,400. The living area is about average for the street and city, but the lot is notably small—ranking in the bottom 1% citywide and bottom 3% within Wolseley. The home is older than most in the city (top 92% by age), but on its street and in the neighbourhood, the build year is more typical.

The appeal lies in value per square foot. You’re getting a property assessed significantly higher than its street peers, which suggests either above-average condition, desirable updates, or a location premium within the block. For buyers, this could mean strong resale potential or a solid asset if the assessment reflects market reality. It would suit someone who prioritizes location and long-term equity over yard space—city lots this size are common in older, walkable neighbourhoods. The small lot also means less maintenance, which might appeal to downsizers or professionals who want a character home without a big outdoor commitment. It’s less suited for families needing a large yard or buyers who expect a lot size typical of newer subdivisions.


Five Possible FAQs

  1. How does the lot size compare to other homes in Wolseley?
    At 2,195 sq. ft., it’s smaller than 97% of neighbourhood listings. Wolseley is known for modest lots, but this one is particularly compact even by local standards.

  2. Why is the assessed value high relative to the street average?
    It ranks 4th out of 61 homes on Craig Street. High assessment could reflect recent renovations, a well-maintained interior, or favourable positioning (e.g., corner lot, no adjacent issues). Worth investigating what comparable high-assessed homes on the street offer.

  3. Is the living area competitive for a home built in 1912?
    1,182 sq. ft. is around the street average and slightly below the neighbourhood average (1,622 sq. ft.). For a pre-war home, this is a common size—many were built as modest single-family or starter homes.

  4. How does the year built affect insurance or maintenance?
    1912 construction means older materials and systems. You may face higher insurance premiums or need specialized coverage. Expect potential updates to wiring, plumbing, and insulation—common in homes of this era, but worth budgeting for.

  5. What’s the advantage of a small lot in a high-assessment property?
    Lower outdoor upkeep, potentially lower property taxes per square foot than larger lots, and a stronger chance of holding value if the land-to-building ratio is efficient. It’s a trade-off between space and convenience.