504 Stiles Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1911-built home in Winnipeg’s Wolseley neighbourhood, with 1,270 square feet of living space on a 2,455-square-foot lot. Its assessed value of $400,000 places it well above the average on its street (top 6%), but the home itself sits close to the median for both its street and the city overall in terms of size and age. The lot, however, is notably small—bottom 3% citywide—so outdoor space is limited compared to most Winnipeg properties.

The appeal here is less about raw numbers and more about context. On Stiles Street, this is a high-value property in a desirable pocket of Wolseley. The home is older than most in the city, but that’s consistent with the character of the area, where many houses date from the 1910s. Buyers who value established neighbourhoods, walkable streets, and period character over a big yard or a newer build will find this compelling. It’s also a good fit for someone who wants above-average assessed value on their block—potentially a sign of a well-maintained home or recent updates—without paying a premium relative to the broader city market.

This property would suit a buyer who appreciates older homes and wants to be in a central, established Winnipeg neighbourhood, and who is comfortable with a smaller lot. It’s less suited to families wanting a large private yard or someone seeking a move-in-ready modern floor plan.

Five Frequently Asked Questions

1. How does this home’s size compare to others in Wolseley?
It’s below average for the neighbourhood. The typical home in Wolseley is around 1,622 square feet, so this property is roughly 350 square feet smaller. On its own street, however, it’s very close to the average.

2. The lot is 2,455 square feet—is that typical for the area?
Not really. While it’s close to the average on Stiles Street, it’s significantly smaller than the Wolseley norm (about 3,434 sq ft) and far below the Winnipeg average of 6,570 sq ft. You’re getting a compact urban lot, which is common in older central neighbourhoods but still on the small side even by those standards.

3. The house was built in 1911—should I expect maintenance issues?
That depends on how it’s been cared for. The assessed value being high relative to the street suggests the property may have been updated or well-maintained, but an older home always carries some risk—older wiring, plumbing, foundation, and insulation are worth a close look. A thorough inspection is wise, especially for a house of this era.

4. How does the assessed value of $400,000 relate to market price?
Assessed value is used for property tax purposes and doesn’t always match market value. In this case, the assessment is above average for both the street and the neighbourhood, which often indicates a home that’s been improved or is in better condition than nearby properties. It doesn’t guarantee a higher sale price, but it’s a useful reference point.

5. What’s the neighbourhood like for daily life?
Wolseley is one of Winnipeg’s older, more established areas—known for tree-lined streets, a mix of housing styles, and proximity to the river and downtown. It’s walkable and has a strong community feel. The trade-off is smaller lots and older infrastructure. If you value character and location over space and modernity, it’s a solid fit.