54.1
Fair
Property score
54.1
Fair
Overall 54.1
Smaller but newer than most nearby homes
816 sqft (bottom 2%)
Built in 1922 (6 yrs newer than avg)
Located in a high-income area
with median household income of ~100k
Transit 100.0
2-min walk to transit with 5 nearby routes
Within 500m: 8 dining spots, 3 schools, 3 healthcare facilitys, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
50% smaller than neighborhood avg.
Year Built
Above average
6 yrs newer than neighborhood avg.
Mother tongue
English · 88%French · 4%
Past 10 years Wolseley sales snapshot (~80% of all data)
820
382.5k
$285/sqft
1916
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54.1 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110109
$100K
Median household income
$122K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
18%
Single-person households
35%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
508 Sprague Street — 23 amenities found within 500 m, across 9 categories, including 8 dining (nearest 122 m), 3 education (nearest 228 m), 3 healthcare (nearest 355 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 5% | Bottom 16% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a compact 816 sqft home built in 1922, sitting on a 3,936 sqft lot in Winnipeg’s Wolseley neighbourhood. The house is smaller than average for its street, neighbourhood, and city, but its land is notably generous for the area—ranking in the top 18% of Wolseley properties. The assessed value of $339,000 is slightly below the street average and roughly in line with the neighbourhood, which suggests the market has not penalized the smaller floor plan as heavily as one might expect.
The property’s main appeal lies in its land-to-house ratio. In Wolseley, where lots tend to be modest (averaging 3,434 sqft), this property offers a yard that stands out. That, combined with the 1922 build—older than most citywide homes but actually newer than the typical Wolseley house (average 1916)—means the structure has likely seen some updates or has solid bones relative to nearby century homes.
This home would suit a buyer who values outdoor space and location over interior square footage. Someone looking to garden, add a rear extension, or simply enjoy a larger lot in a walkable inner-city neighbourhood would find it fitting. It is less ideal for those who need a lot of indoor living area or prefer a newer, move-in-ready property without potential renovation needs.
1. How does the living area compare to other homes on the street?
The home’s 816 sqft is well below the Sprague Street average of 1,267 sqft. It ranks 50th out of 50 homes on the street, meaning it is the smallest by living area. If you prioritize space inside, this may feel tight; if you value the lot or location, the indoor footprint is the trade-off.
2. Is the assessed value reasonable for the property?
At $339,000, the assessed value is below the street average ($367,200) and slightly below the citywide average for comparable homes ($390,100). It sits around the middle of the pack for Wolseley (top 54%). This suggests the assessment reflects the smaller house size while still accounting for the desirable neighbourhood and lot.
3. What does “year built 1922” mean for maintenance and character?
It is older than most city homes (average 1966) but typical for Wolseley, where many houses date to the 1910s. Homes of this era often have solid framing, high ceilings, and original detailing, but may also need updates to insulation, wiring, plumbing, or foundations. A thorough home inspection is recommended.
4. How does the land area compare to others in Winnipeg?
The 3,936 sqft lot is above average for Wolseley (3,434 sqft) but below the citywide average of 6,570 sqft. In a dense inner-city neighbourhood, this is a generous parcel—good for yard space, parking, or future expansion—but it does not match suburban lot sizes.
5. Who would this property not be right for?
Buyers who need a large open-concept interior, a single-floor layout, or a home that requires minimal renovation may want to look elsewhere. It is also less suited for those who prioritize newer construction or do not want to maintain a larger yard.
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