Key Characteristics & Buyer Profile

This is a compact, turn-of-the-century home located in the Wolseley neighborhood of Winnipeg. Built in 1909, it offers 906 square feet of living space on a standard 2,195-square-foot lot. In every comparison—whether by street, neighborhood, or city-wide—the home falls below average for living area, lot size, and assessed value. The property is priced modestly relative to its surroundings, with an assessed value of $246,000, well below both the neighborhood and city averages.

Where the appeal lies is in its entry-level price point in an established, walkable neighborhood. Wolseley is known for its older housing stock, tree-lined streets, and proximity to the river and retail corridors. For a buyer who values location over square footage, this home offers an affordable foothold in a desirable area. It is not a home that will impress on paper with size or land, but for someone willing to work within a smaller footprint, the trade-off is access to a community with character and convenience.

This property would suit first-time buyers, downsizers, or investors looking for a lower-cost entry into a stable central neighborhood. It is less suited for buyers seeking modern finishes, generous living space, or a large yard. The home’s age and size suggest a need for realistic expectations around maintenance and layout.

Frequently Asked Questions

1. How does the property size compare to other homes in Wolseley?
   The living area is 906 square feet, which is smaller than the neighborhood average of roughly 1,622 square feet. It ranks in the bottom quarter for size within Wolseley.

2. What is the assessed value based on?
   The city’s assessed value is $246,000. This is lower than the average for the street ($299,000) and significantly below the neighborhood average ($371,000) and city average ($390,000). The assessment reflects the home’s smaller size and age relative to newer or larger properties nearby.

3. How old is the house, and is that unusual for the area?
   It was built in 1909, which is older than the average home in Wolseley (1916) and well above the city average (1966). However, older homes are common in this neighborhood, so the age is not out of step with the character of the area.

4. Is the lot size typical for Wolseley?
   The lot is 2,195 square feet, which is below the neighborhood average of 3,434 square feet. It ranks near the bottom city-wide, but is closer to the average for its immediate street, where lots tend to be smaller.

5. What should a buyer be aware of before purchasing?
   Given the home’s age and size, it’s wise to budget for potential updates to systems, insulation, or layout. The smaller footprint also means limited storage and room for expansion. That said, the relatively low assessment and location in a sought-after neighborhood may offset these limitations for the right buyer.