50 Evanson Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1911 home with 1,670 sqft of living space on a 2,495 sqft lot in Winnipeg’s Wolseley neighbourhood. The assessed value is $342,000.

What stands out: the living area is above average both on its street (top 28%) and citywide (top 22%), which means more interior space than many comparables. The lot, however, is notably small—well below average for Wolseley and among the smallest citywide (top 96%). That’s a trade-off worth noting: you get a roomier house on a compact footprint, which is fairly typical for older inner-city homes but less common if you’re used to suburban lots.

The year built (1911) is average for Evanson Street and the neighbourhood, but very old compared to most Winnipeg homes (top 93% citywide). This suggests character—likely original trim, high ceilings, or masonry details—but also means older systems and possible maintenance needs. The assessed value sits near the street and neighbourhood averages, and below citywide average, which could reflect the small lot or the age of finishes.

This property would suit: buyers who prioritize interior square footage and an established, walkable neighbourhood over outdoor space. Wolseley attracts people who value older homes, tree-lined streets, and proximity to the river, shops, and transit. It’s less suited to someone wanting a large yard, a modern open layout, or a move-in-ready home without potential upgrades.

Five Possible FAQs

1. How does the small lot affect resale value?
Small lots in Wolseley are common for this era, so it’s not a red flag locally. But compared to citywide expectations, a 2,495 sqft lot may limit future buyers who want more outdoor space. The trade-off is typically lower asking price and less maintenance.

2. What should I check given the 1911 build year?
Look at the electrical, plumbing, foundation, and insulation. Older homes may have knob-and-tube wiring, lead pipes, or insufficient attic insulation. Also check for knob-and-tube insurance restrictions—some insurers won’t cover it. A specialized home inspection is worth the cost.

3. Is $342,000 in assessed value a reliable price guide?
Assessed value is a market snapshot, but not always a perfect match for sale price. It can lag behind current conditions or reflect dated finish levels. It’s best used as a baseline, then compare recent sales of similar Wolseley homes with comparable living area and lot size.

4. Why is the living area above average but the lot below average?
This is typical of many early-20th-century homes in inner Winnipeg: they were built on narrow lots to maximize density. The house itself is generous for its street, but the land was never large. It’s a compromise that suits buyers who value interior space over a big backyard.

5. What’s the neighbourhood like for families or retirees?
Wolseley is diverse—popular with families due to good schools and parks, and with retirees who appreciate walkability and community feel. The small lot may appeal to empty nesters downsizing from larger suburban homes. That said, traffic and parking can be tighter than newer subdivisions, and older homes often have stairs that could be a concern for mobility.