485 Dominion Street – Property Summary

Key Characteristics & Buyer Profile

This 2,032-square-foot home on Dominion Street in Wolseley stands out primarily for its size and land. Both the living area and the 4,979-square-foot lot rank in the top handful of properties on this street—living area is in the top 5%, land area in the top 2%. That’s unusual for a neighbourhood known more for modest bungalows and narrow lots. The assessed value ($508K) also reflects this premium, ranking in the top 3% on the street and top 10% within Wolseley.

The building itself is from 1911, so it’s older than most homes on Dominion (which average 1933) and significantly older than the citywide average of 1966. That’s not unusual for Wolseley—the neighbourhood average year built is 1916—but buyers should expect the maintenance realities of a pre-war house, including likely outdated systems or finishes behind the numbers.

Where this property really appeals is to someone who wants the space—both indoors and outdoors—that’s hard to find in an established central neighbourhood. It’s not a starter home or a flip. It’s more suited to a buyer who values a large lot and generous square footage in an area where most houses are smaller, and who is willing to take on an older home to get it. The combination of top-tier lot and living area within walking distance of Wolseley’s amenities (shops, schools, the river) is the core of its value.

Five Possible FAQs

1. How does the assessed value compare to other homes in Wolseley?
Well above average. The median assessed value in the neighbourhood is roughly $371K, and this property’s $508K lands it in the top 10% of homes in Wolseley. On Dominion Street specifically, it’s in the top 3%.

2. Is the 1911 construction a concern, or a feature?
It depends on what’s been updated. The age itself is typical for Wolseley—roughly half the homes in the area were built before 1916. The question is whether the mechanicals, roof, windows, and insulation have been modernized. Without that information, the year built is a neutral data point, not a red flag.

3. Why is the land area considered “around average” citywide but “elite” on the street?
Because citywide averages include newer suburbs with much larger lots (the citywide average is 6,570 sqft, compared to 3,790 sqft on Dominion Street). Within Wolseley, a 4,979-sqft lot is generous; in a newer subdivision, it would be small. The ranking reflects the local context, not a universal standard.

4. What type of buyer typically looks at a property like this?
Someone who wants more space than the typical Wolseley home offers, but doesn’t want to leave the neighbourhood. That might be a family who needs room for kids and a yard, or someone who sees the lot as an asset for gardening, a workshop, or future expansion. It’s less suited to a first-time buyer on a tight budget, given the assessed value and likely upkeep costs.

5. How does the living area stack up against comparable homes in the city?
It’s in the top 10% citywide—nearly 700 sqft above the Winnipeg median of 1,342 sqft. On Dominion Street, the median is just 1,126 sqft, so this house is almost double the typical home on the block. That kind of size disparity is one of the main reasons for the high assessed value.