508 Craig Street

Wolseley, Winnipeg

Property score

63.7

Fair

Overall 63.7 · Smaller than most nearby homes

1,232 sqft (bottom 25%) · Built in 1912 (4 yrs older than avg)

Located in a high-income area with median household income of ~98k

Transit 100.0 · 2-min walk to transit with 6 nearby routes · Within 500m: 5 dining spots, 1 school, 4 parks, and 1 bank/ATM nearby

Living Area

Below average

24% smaller than neighborhood avg.

Year Built

Near average

4 yrs older than neighborhood avg.

Mother tongue

English · 86%French · 1%

Past 10 years Wolseley sales snapshot (~80% of all data)

Sold Count

820

Median price

382.5k

$/sqft

$285/sqft

Avg build year

1916

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Property score

63.7 is composed by the two sections below.

Property Score

48.2Low
Living Area1,232 sqft66Good
Year Built191216Low
Lot Size2,193 sqft18Low
Neighbourhood Sales Activity53Fair

Community Score

86.9Excellent
Household Income84Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health96Excellent

Neighbourhood Sales

Wolseley

How to read: Share of sales in each ~$50k price band for “wolseley” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110111

Community deep dive

$98K

Median household income

$116K

Average household income

9%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.3

P90 / P10 ratio

26%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)674
Labour force participation rate80%
Median age36.0
Avg household size2.4
Unemployment rate5%
Population density4493 / km²

Households & income

Low income (LIM-AT, % pop.)9%
Single-person households26%
Couple families with children30%
Median household income (2020)$98K

Housing

Renter households18%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)7%
Visible minority9%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 85%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,232 sqft
0255075100
Same streetTop 30%Same areaBottom 25%CitywideTop 47%
Same street · Craig Street
#18 / 61
Top 30% · Avg 1,171 sqft
Same area · Wolseley
#1,766 / 2,349
Bottom 25% · Avg 1,622 sqft
Citywide · Winnipeg
#91,561 / 194,458
Top 47% · Avg 1,342 sqft

Tax-Assessed Value

around average
307k
0255075100
Same streetTop 44%Same areaBottom 30%CitywideBottom 31%
Same street · Craig Street
#27 / 61
Top 44% · Avg 299.4k
Same area · Wolseley
#1,643 / 2,349
Bottom 30% · Avg 371.3k
Citywide · Winnipeg
#133,605 / 194,458
Bottom 31% · Avg 390.1k

Year Built

above average
1912
0255075100
Same streetTop 21%Same areaTop 36%CitywideBottom 8%

Lot Size

around average
2,193 sqft
0255075100
Same streetBottom 33%Same areaBottom 2%CitywideBottom 1%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

508 Craig Street — 15 amenities found within 500 m, across 6 categories, including 5 dining (nearest 166 m), 1 education (nearest 311 m), 4 parks (nearest 162 m).

Search radius
🍽️Dining5
🏫Education1
🌳Parks4
🏦Finance1
Fuel Stations1
Worship3

Crime & Safety

Wolseley · WPS public data · 2026

Annual incidents

34

2026

vs. city avg

+15%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Property

68%

Sales History

Sold 7/2021CA$250k–300k
Sold price

Same street

Top 35%

Same area

Bottom 29%

City-wide

Bottom 37%

Related homes

Highlights & common questions: 508 Craig Street, Winnipeg

508 Craig Street – Property Summary

Key Characteristics & Appeal

This is a 1912-built home with 1,232 sq ft of living space and a 2,193 sq ft lot, located on Craig Street in the Wolseley neighbourhood of Winnipeg. Its living area sits above the street average (ranking in the top 30% on Craig Street) but below the Wolseley average, and close to the city-wide median. The home’s assessed value is near the street and neighbourhood averages, suggesting fair pricing relative to local comparables. The lot is notably smaller than both the neighbourhood and city norms—a trade-off that may appeal to buyers who prioritize location and interior space over outdoor square footage. The build year is older than most Winnipeg homes (ranking in the oldest 8% city-wide), which will attract those looking for pre-war character, but also signals the need for careful inspection of mechanicals, foundation, and insulation. This property suits buyers who value a historic neighbourhood, walkable urban access, and a home that’s reasonably priced within its immediate street context, rather than those seeking a large yard or a move-in-ready modern build.


Frequently Asked Questions

1. How does this home compare to others on Craig Street?
It’s above average in living area (top 30%) and close to average in assessed value (top 44%), making it one of the larger homes on the street at a typical price point for the block.

2. Is a smaller lot a problem for resale?
It depends on the buyer. In Wolseley, many homes have compact lots, and the street itself has a similar average (2,381 sq ft). A smaller yard may suit those who want less maintenance or plan to use nearby parks and amenities rather than a private garden.

3. What should I watch for in a 1912 home?
Older homes can have aging plumbing, electrical, and heating systems, as well as potential issues with lead paint, asbestos, or insufficient insulation. A thorough home inspection—particularly of the roof, foundation, and windows—is recommended.

4. Why is the assessed value lower than Wolseley and city averages?
The home’s assessed value is close to its street average but below the broader neighbourhood average (which includes larger and more valuable properties). This likely reflects its smaller lot and possibly simpler finishes or condition compared to pricier nearby homes.

5. Does the “close to average” city ranking for living area matter?
It means the home is typical for Winnipeg in terms of interior size, so it won’t stand out as unusually small or large. For a buyer, this is neutral—it suggests the space is adequate for a standard household but not oversized by city standards.

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