498 Clifton Street – Wolseley

Key Characteristics & Buyer Profile

This is a 1914-built house in Winnipeg’s Wolseley neighbourhood with 1,596 sq ft of living space on a 2,404 sq ft lot. Its standout feature is the interior size: on Clifton Street, it ranks in the top 6% for living area, well above the street average of 1,062 sq ft. Citywide, it also sits above average (top 26%). The assessed value of $327,000 is slightly above the street average but below the community and city medians, which suggests a relatively reasonable price for the square footage.

The land is where this property differs from the norm. At 2,404 sq ft, the lot is significantly smaller than the street average (3,743 sq ft) and falls in the bottom 3% citywide. The house itself is older than the city average (1914 vs. 1966) but fits comfortably within Wolseley’s older housing stock.

The appeal lies in getting a spacious interior on a compact lot in a neighbourhood known for its character homes, tree-lined streets, and walkable access to shops, the river, and transit. This property would suit buyers who prioritize indoor space, value the Wolseley lifestyle, and are comfortable with a smaller yard and an older home that may need updates. It’s less suited for someone looking for a large garden, modern construction, or a property that will quickly appreciate in land value.

Five Possible FAQs

1. How does the living space compare to other Wolseley homes?
The 1,596 sq ft is very close to the Wolseley average of 1,622 sq ft. It’s right in the middle for the community, so you’re getting a typical amount of space for the area, even though it’s especially large relative to other houses on Clifton Street itself.

2. Why is the assessed value lower than the Wolseley average?
Several factors play into assessed value, including lot size, condition, and age. The smaller-than-average land likely pulls the value down compared to other Wolseley homes, which tend to sit on larger lots. This means the house itself may be priced more affordably than many in the neighbourhood.

3. Is a 1914 house a risky purchase?
It depends on maintenance. Many Wolseley homes from this era have been updated over time, but it’s wise to look at the roof, foundation, electrical, plumbing, and insulation. Homes of this age often have good bones but can come with surprises. A thorough inspection is recommended.

4. Would this property be a good investment?
Land typically appreciates more than the structure itself. With a small lot in a desirable central neighbourhood, the upside may be more modest than a similar house on a larger parcel. However, Wolseley remains a sought-after area, and the interior size is a strong selling point for buyers who want space without a big yard.

5. How does the property rank for land size in Wolseley?
It ranks in the bottom 12% for the community and bottom 3% citywide. That’s a clear limitation for gardening, expansion, or privacy. But it also means less yard work and a lower purchase price relative to neighbours. If outdoor space isn’t a priority, this could be a good trade-off.