486 Basswood Place

Wolseley, Winnipeg

Property score

54.9

Fair

Overall 54.9 · Smaller than most nearby homes

962 sqft (bottom 9%) · Built in 1910 (6 yrs older than avg)

Located in a high-income area with median household income of ~100k

Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 7 dining spots, 3 schools, 1 shop, and 2 parks nearby

Living Area

Below average

41% smaller than neighborhood avg.

Year Built

Below average

6 yrs older than neighborhood avg.

Mother tongue

English · 88%French · 4%

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

54.9 is composed by the two sections below.

Property Score

34.1Low
Living Area962 sqft42Low
Year Built191010Low
Lot Size2,748 sqft28Low
Neighbourhood Sales Activity53Fair

Community Score

86.1Excellent
Household Income85Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health83Excellent

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: #46110109

Community deep dive

$100K

Median household income

$122K

Average household income

8%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.2

P90 / P10 ratio

18%

Single-person households

35%

Families with children

Population, labour & age

Population (2021)603
Labour force participation rate75%
Median age40.0
Avg household size2.5
Unemployment rate6%
Population density4638 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households18%
Couple families with children35%
Median household income (2020)$100K

Housing

Renter households14%
Condominium dwellings0%
Median dwelling value (owners)$324K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority11%
Bachelor's or higher (25–64)55%
Mother tongue (1st)English · 88%
Mother tongue (2nd)French · 4%

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

Rankings

Living Area

below average
962 sqft
0255075100
Same streetBottom 4%Same areaBottom 9%CitywideBottom 23%
Same street · Basswood Place
#51 / 53
Bottom 4% · Avg 1,301 sqft
Same area · Wolseley
#2,140 / 2,349
Bottom 9% · Avg 1,622 sqft
Citywide · Winnipeg
#150,496 / 194,458
Bottom 23% · Avg 1,342 sqft

Tax-Assessed Value

around average
325k
0255075100
Same streetBottom 45%Same areaBottom 39%CitywideBottom 37%
Same street · Basswood Place
#29 / 53
Bottom 45% · Avg 336.9k
Same area · Wolseley
#1,438 / 2,349
Bottom 39% · Avg 371.3k
Citywide · Winnipeg
#122,076 / 194,458
Bottom 37% · Avg 390.1k

Year Built

around average
1910
0255075100
Same streetBottom 2%Same areaBottom 34%CitywideBottom 6%

Lot Size

below average
2,748 sqft
0255075100
Same streetBottom 28%Same areaBottom 26%CitywideBottom 8%

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

486 Basswood Place — 19 amenities found within 500 m, across 8 categories, including 7 dining (nearest 282 m), 3 education (nearest 204 m), 1 shopping (nearest 224 m).

Search radius
🍽️Dining7
🏫Education3
🛒Shopping1
🌳Parks2
🏦Finance2
Fuel Stations1
Worship2
🏛️Government1

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 11/2024CA$300k–350k
Sold price

Same street

Bottom 47%

Same area

Bottom 45%

City-wide

Bottom 47%

Related homes

Highlights & common questions: 486 Basswood Place, Winnipeg

Here is a clean, standalone summary of the property at 486 Basswood Place.


Property Summary: 486 Basswood Place

This 1910-built home in Wolseley offers 962 sq. ft. of living space on a 2,748 sq. ft. lot. Its assessed value is $325,000.

Key Characteristics & Buyer Profile

The property’s main appeal is its price point. The $325,000 assessment is considered around average for its street and neighborhood, and below the citywide average for comparable homes. This positions it as a relatively accessible entry point into Wolseley, a historic and desirable central Winnipeg neighborhood known for its character, tree-lined streets, and community feel.

Living in a home of this size (962 sq. ft.) and vintage (1910) likely means dealing with a classic Winnipeg floor plan—smaller rooms, less square footage than many modern builds, and the quirks of an older structure. The lot is also below average for the area, meaning a smaller yard and less outdoor space than neighboring properties.

The appeal here is not about size or grandeur. It’s about location and value. This property would suit a buyer who prioritizes being in a walkable, established central neighborhood over having a large home or a big yard. It would be a strong fit for a first-time buyer, a downsizer, or someone willing to invest in the character and maintenance of an older home. The less obvious perspective: a smaller footprint on a modest lot in a place like Wolseley can mean lower maintenance and utility costs, and more time to enjoy the neighborhood’s amenities rather than the house itself.

Five Possible FAQs

  1. How does this home compare to other properties on Basswood Place?
    This home is smaller in living area (ranked 51 out of 53) and sits on a smaller lot (ranked 38 out of 53) than most houses on the street. It was also built slightly earlier than the street average of 1913. Its assessed value, however, is right around the middle of the pack.

  2. Is Wolseley an expensive neighborhood?
    Not compared to the city as a whole. While the average home value in Wolseley ($371,300) is slightly below the citywide average ($390,100), the key takeaway is that this particular property is assessed below the neighborhood average.

  3. What does the 1910 build year mean for me practically?
    A 1910 home will have older construction methods and materials. You can likely expect plaster walls, a different foundation type, and potentially an older electrical or plumbing system. It may also have greater energy loss than a newer home. On the upside, it likely has solid old-growth lumber, high ceilings, and a layout typical of the era.

  4. Why is the lot size significant?
    At 2,748 sq. ft., this is a small lot by any standard. It falls below the average for the street, neighborhood, and is significantly smaller than the citywide average for comparable homes (6,570 sq. ft.). This means a small backyard and likely limited space for gardening, sheds, or a large deck.

  5. Would this be a good investment property?
    It could be, depending on your strategy. Its below-average price in a desirable, established neighborhood suggests potential for steady appreciation over the long term. However, the small size and lot may limit its appeal as a single-family rental versus a larger home. The age of the home also suggests higher ongoing maintenance and capital expenditure costs.

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