496 Dominion Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1913-built home with 1,864 square feet of living space on a 4,967-square-foot lot, located in Winnipeg’s Wolseley neighbourhood. It stands out most clearly for its size and lot, ranking in the top 9% on its street and top 15% citywide for living area, while the lot is in the top 6% on the street and top 8% within the community. Its assessed value of $421,000 is above both the street and neighbourhood averages, and sits near the middle of the citywide range – suggesting the property carries meaningful premiums for space and location, but isn’t overextended compared to the broader market.

The building age (1913) is older than the street and city averages, which matters in two ways. On one hand, it points to character, established streetscape, and likely mature landscaping in an area known for its heritage homes. On the other, it signals that maintenance history, mechanicals, and insulation will be priorities for a serious buyer. The lot is large for Wolseley but not notably large citywide, so the appeal here is interior square footage combined with a generous city lot in a desirable central neighbourhood, rather than sprawling outdoor space.

This property is best suited for buyers who prioritize living area and lot size over a newer build – likely families, renovators, or people who appreciate pre-war construction and want room to spread out in a walkable, tree-lined part of the city. It may also appeal to someone looking to match a larger home with a garden or expansion potential, provided they’re comfortable with a property that likely needs updates to meet modern efficiency and finish standards.

Frequently Asked Questions

1. How does the property’s age affect its value compared to newer homes in Wolseley?
The home is among the older properties on the street (top 88% by age), but Wolseley’s overall housing stock skews older, so the age isn’t unusual for the neighbourhood. In this context, the age tends to support value through character and lot size rather than detract from it, though it will affect heating costs and insurance.

2. Is the assessed value of $421,000 in line with recent sale prices in the area?
The assessed value is above both the street and neighbourhood averages, but within the mid-range citywide. That suggests the home is valued for its size and lot, not just its location. Buyers should verify whether recent sales on Dominion Street or nearby have tracked close to assessment or run higher, as older larger homes can appraise differently.

3. What kind of renovation or maintenance should be expected with a 1913 home?
Typical areas to check include the roof, foundation, electrical systems, plumbing, and insulation. Many homes from this era also have lead paint, older windows, and limited attic insulation. A pre-purchase inspection by someone familiar with Winnipeg’s pre-war housing stock is highly recommended.

4. How does this lot size compare to what’s typical for Wolseley?
The lot is well above average for the neighbourhood (top 8%), and among the larger sites on the street (top 6%). Citywide, it’s closer to average, which means you’re getting a notably good yard for this part of the city but not an unusually large property overall.

5. Who would this property not be right for?
Buyers looking for a move-in-ready, low-maintenance home or a property with modern open-concept layouts and energy efficiency may find this house requires more work than they want. It also wouldn’t suit someone seeking a compact, low-upkeep lot or a home in a newer suburban subdivision.