494 Sprague Street

Wolseley, Winnipeg

68.2

Good

Overall 68.2

Newer than most nearby homes

1,344 sqft (bottom 34%)

Built in 1922 (6 yrs newer than avg)

Located in a high-income area

with median household income of ~100k

Transit 92.0

2-min walk to transit with 5 nearby routes

Within 500m: 8 dining spots, 3 schools, 2 healthcare facilitys, and 1 shop nearby

Living Area

Below average

17% smaller than neighborhood avg.

Year Built

Above average

6 yrs newer 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

68.2 is composed by the two sections below.

Property Score

56.2Fair
Living Area1,344 sqft71Good
Year Built192220Low
Lot Size3,937 sqft46Low
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

around average
1,344 sqft
0255075100
Same streetTop 42%Same areaBottom 34%CitywideTop 39%
Same street · Sprague Street
#21 / 50
Top 42% · Avg 1,267 sqft
Same area · Wolseley
#1,555 / 2,349
Bottom 34% · Avg 1,622 sqft
Citywide · Winnipeg
#75,482 / 194,458
Top 39% · Avg 1,342 sqft

Tax-Assessed Value

around average
340k
0255075100
Same streetBottom 30%Same areaBottom 47%CitywideBottom 43%
Same street · Sprague Street
#35 / 50
Bottom 30% · Avg 367.2k
Same area · Wolseley
#1,245 / 2,349
Bottom 47% · Avg 371.3k
Citywide · Winnipeg
#111,544 / 194,458
Bottom 43% · Avg 390.1k

Year Built

above average
1922
0255075100
Same streetBottom 30%Same areaTop 21%CitywideBottom 14%

Lot Size

above average
3,937 sqft
0255075100
Same streetTop 42%Same areaTop 17%CitywideBottom 24%

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

494 Sprague Street — 21 amenities found within 500 m, across 9 categories, including 8 dining (nearest 163 m), 3 education (nearest 265 m), 2 healthcare (nearest 386 m).

Search radius
🍽️Dining8
🏫Education3
🏥Healthcare2
🛒Shopping1
🌳Parks2
🏦Finance2
Fuel Stations1
Worship1
🏛️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 8/2024CA$300k–350k
Sold price

Same street

Bottom 30%

Same area

Bottom 37%

City-wide

Bottom 42%

Related homes

Highlights & common questions: 494 Sprague Street, Winnipeg

494 Sprague Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1922-built home with 1,344 sq ft of living space on a 3,937 sq ft lot, located in Winnipeg’s Wolseley neighbourhood.

The property sits near the middle of the pack on Sprague Street for both size and assessed value. Its living area falls slightly above the average for its own street (1,267 sq ft) and below the Wolseley average (1,622 sq ft), but is almost identical to the citywide average (1,342 sq ft). The assessed tax value of $340,000 is slightly below all three comparison groups—street, neighbourhood, and city—which means the property is priced modestly relative to its surroundings.

The lot is a standout: it ranks in the top 17% within Wolseley, well above the neighbourhood average of 3,434 sq ft. That’s unusual for a street where lot sizes tend to hover around 4,129 sq ft, and the home sits on a parcel that gives it more outdoor space than most nearby properties. At the same time, the lot is smaller than the Winnipeg average (6,570 sq ft), which reflects the dense, older character of the area.

The home’s age (1922) is typical for the street and newer than the average Wolseley home (1916), but significantly older than the citywide average (1966). This places it in a sweet spot for buyers who want pre-war character without the oldest maintenance profile in the neighbourhood.

Appeal: The property offers a solidly average interior footprint, a below-average tax assessment, and a notably generous lot for the area. That combination tends to attract buyers who value outdoor space and lower carrying costs over a large house. It’s a logical fit for someone looking to renovate or expand on a good-sized lot in a desirable central neighbourhood, without paying a premium for square footage they don’t need.

Suitable for: First-time buyers looking for a smaller home with room to grow; renovators or investors who see upside in adding livable space; and anyone drawn to Wolseley’s established tree-lined streets, walkability, and older housing stock but who wants a slightly newer structure than the area norm.


Frequently Asked Questions

1. How does this home compare to others currently for sale in Wolseley?
The data compares this property to all homes in the area—not just active listings. It ranks in the top 17% for lot size within Wolseley, which is rare. Its living area and assessed value are both below the neighbourhood average, meaning it’s likely more affordable than many Wolseley listings, especially those on larger lots.

2. Is a 1922 home likely to have functional issues?
Homes of this vintage often have older plumbing, electrical, and foundation systems. Because this property’s build year is typical for its street and newer than many in Wolseley, it may not be the most demanding pre-war home in the area—but a thorough inspection is still essential. Buyers should budget for possible updates, especially to mechanicals.

3. Why is the assessed value lower than the city average even though the home is in a desirable neighbourhood?
Assessed value reflects local market conditions, not just desirability. This home’s living area is modest, and its lot—while large for Wolseley—is still well below the citywide average. Lower square footage and a smaller overall footprint compared to newer suburban homes help keep the assessment down. That can be an advantage for tax purposes.

4. Could the lot support an addition or a secondary suite?
At just under 4,000 sq ft, the lot is generous by Wolseley standards but still compact in absolute terms. Whether an addition is feasible depends on zoning, setbacks, and the home’s existing footprint. Buyers should check with the city before assuming they can expand significantly. A garage or garden suite may be more realistic than a major addition.

5. What does “接近平均” mean in the rankings?
The phrase indicates the home’s value or size falls close to the median for that comparison group—neither a strong outlier nor notably below par. In practical terms, it means the property is a middle-of-the-road option in most categories, with the main standout being its lot size relative to the immediate neighbourhood.

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