Here is a clean, standalone summary of 504 Sprague Street, written for direct display on a webpage.

Key Characteristics & Buyer Profile

This is a 1,288 sqft home built in 1921 on a 3,936 sqft lot in the Wolseley neighbourhood of Winnipeg. Its appeal is rooted in solid proportions rather than standout extremes. The living area is slightly above the street and city averages, the assessed value is reasonable compared to the citywide median, and the land is well above the neighbourhood average.

What makes this property less obvious is the tension between its land and its house. The lot is spacious for Wolseley (top 18% in the area) but undersized by citywide standards. Similarly, the house is older than most in the city (1921 versus a city average of 1966) but newer than much of its own street. This suggests a home that sits quietly in a desirable central neighbourhood, without the premium attached to the smallest, most historic cottages or the largest, priciest family homes.

It would suit a buyer who values location and land over turnkey condition or a high-velocity flip. The kind of person who sees value in a solid, average-sized house on a generous lot in a character-rich area—someone who might want space for a garden, a workshop, or a future addition, without paying for the largest house on the block.

Five Possible FAQs

1. How does the lot size compare to other homes in Wolseley?
The land area is 3,936 sqft, which ranks in the top 18% of comparable homes in the neighbourhood. That means it offers a noticeably bigger yard than most houses in the immediate area.

2. Is the home overvalued relative to its condition?
Not particularly. The assessed value ranks close to the middle of both the neighbourhood and the city (top 51% and 56% respectively). It tracks roughly with the living area and land size—no obvious red flags of overpricing.

3. Does the 1921 build date mean major maintenance issues?
It depends on the specific care it has received. The house is older than the city average but younger than many nearby homes on Sprague Street itself. Buyers should budget for older-home realities (electrical, plumbing, foundation) rather than assume it represents a crack at a bargain.

4. How does this home compare to the street’s best homes?
It sits around the middle of the street for both value and living area. It’s not the standout renovation project or the highest-assessed home, but it also avoids being the smallest or the cheapest. It’s a stable, middle-of-the-pack option.

5. What’s the one thing most people miss about this property?
The combination of a slightly above-average living area on a well-above-average neighbourhood lot is uncommon in Wolseley. Many buyers focus on house size or lot size alone, but this home sits in a sweet spot where both are decent without commanding a premium for either.