503 Stiles Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1912-built home in Winnipeg’s Wolseley neighbourhood, with 1,236 sq ft of living space on a 2,776 sq ft lot. The property’s assessed value sits at $330,000.

What stands out here is the land. On Stiles Street itself, this lot ranks in the top 11% (7th out of 64 properties) for size. That’s a meaningful advantage on the block, where most lots are smaller. But context matters: within Wolseley and across Winnipeg, this lot is on the smaller side. So the appeal is very street-specific—you’re getting a relatively generous piece of land compared to immediate neighbours, not compared to the city at large.

The home’s living area is close to the street average (1,170 sq ft), slightly behind the city average (1,342 sq ft), and well below the Wolseley average (1,622 sq ft). The assessed value is above the street average ($294,000) but below the neighbourhood ($371,000) and city ($390,000) averages. That gap likely reflects the modest square footage relative to the area.

This property would suit buyers who value a walkable, established neighbourhood and are fine with a smaller-than-average interior. Wolseley appeals to those who want older character homes, mature trees, and proximity to the river and shops. It’s less suited for someone looking for a large family home or a big yard by city standards. The early 20th-century build means potential buyers should factor in maintenance of an older structure—this is a house for someone who appreciates period details and doesn’t mind the upkeep.

Frequently Asked Questions

1. How does this home compare to others on the same street?
On Stiles Street, the home ranks well above average for assessed value (top 17%) and lot size (top 11%). Living area and build year are both close to the street average. So relative to neighbours, it’s a stronger value proposition on land and price than on interior space.

2. Is a 1912 home a concern?
Wolseley has many homes from this era—the neighbourhood average build year is 1916. Across Winnipeg, only about 8% of properties are older than this one. Age is not unusual for the area, but it does imply older systems (plumbing, electrical, insulation) that may need updating. A home inspection focused on these items is advisable.

3. Why is the assessed value below the neighbourhood average but above the street average?
The property is valued at $330,000. The Wolseley average is $371,000, driven by larger homes in the area. On Stiles Street, the average is $294,000, meaning this home is one of the higher-valued properties on the block. The mix of a slightly larger lot and decent assessed value gives it a stronger position locally than regionally.

4. How usable is a 2,776 sq ft lot?
For a single-family home in Wolseley, that’s a typical size—though smaller than the neighbourhood average (3,434 sq ft) and much smaller than the city average (6,570 sq ft). It will support a modest backyard, garden, or patio, but don’t expect sprawling lawn space. On Stiles Street, it’s actually one of the bigger lots, so outdoor privacy and yard space are better than many immediate neighbours’.

5. What kind of buyer typically targets this property?
People drawn to Wolseley for its character, central location, and walkability. This specific home would appeal to a buyer who wants a smaller, manageable interior and a decent lot for the street, at a price point below the neighbourhood median. It may suit a couple, a single person, or someone downsizing within the area. It’s less ideal for a growing family looking for significant square footage or a large yard.