49 Home Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1913 home with 2,303 square feet of living space and a 3,209-square-foot lot, located in Winnipeg's Wolseley neighbourhood. What stands out most is the size. On its street, it ranks in the top 3% for living area, and citywide it sits in the top 5%. The assessed value of $584,000 is also notably high—top 2% on the street and top 9% across Winnipeg. That's partly a reflection of the house itself, but also of the street's character: comparable homes on Home Street average just $242,700 in assessed value, so this property is an outlier even in an already desirable pocket.

The year built (1913) places it among the older homes on the street—top 13% for age—and older than most citywide, where the average build year is 1966. The lot is generous by street standards (top 25%), though it's smaller than typical city lots. That trade-off is common in older, walkable neighbourhoods: you get more house, less yard.

Appeal lies in the combination of pre-war character, generous interior space, and a location that ranks well above average for both value and size at every geographic level. It's not a tear-down or a starter home. It's a statement property on a street where most homes are smaller and assessed far lower.

Best suited for buyers who want an older home with substantial square footage and are willing to pay a premium for being on an exceptional street within a well-regarded neighbourhood. It's less suited for someone looking for a large lot, a newer build, or a bargain relative to citywide averages.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $584,000 is significantly above both the street average ($242,700) and the Wolseley neighbourhood average ($371,300). Citywide, it ranks in the top 9%. This suggests the property has features or conditions that push its value well beyond typical homes in the area—likely the living area and overall quality.

2. Is a 1913 home likely to have modern systems or will major upgrades be needed?
The data doesn't cover renovations or mechanicals, but homes from this era often have original plaster, knob-and-tube wiring, and older plumbing unless updated. The high assessed value relative to neighbours may indicate upgrades have been made, but you'd need an inspection to confirm. The year-built ranking suggests it's older than most homes in Winnipeg (top 90% for age), so expect some character quirks.

3. Why is the lot considered "below average" citywide but "above average" on the street?
Citywide lot sizes in Winnipeg average 6,570 square feet, so 3,209 is small by that standard. But on Home Street, the average lot is just 2,787 square feet, so this property's lot is actually larger than what's typical for the immediate area. It's a reminder that "small" and "large" depend entirely on the comparison group.

4. How does this property rank within Wolseley specifically?
In the neighbourhood (defined as a group of 2,349 comparable properties), this home ranks top 6% for assessed value, top 9% for living area, and top 30% for age. The land area is around average (top 43%). So it's a standout for size and value within Wolseley, but not an anomaly—other homes in the area are similarly old and on comparable lots.

5. What does the ranking system mean by "comparable homes"?
The rankings compare this property to others within the same street, neighbourhood, or city that share similar characteristics—typically single-family homes. The "avg" shown is a rough median for that group. The bar fill indicates what share of those peers you outperform in each category. Higher rank numbers (top 3%, top 2%) mean the property exceeds most others in that category.