511 Craig Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1911-built home in Wolseley with 1,182 square feet of living space on a 2,195-square-foot lot. Its assessed value is $339,000. The property sits right around the average for its street in terms of size and age, but stands out on value: it’s ranked in the top 30% on Craig Street for assessed value, above the street average of $299,400. That suggests the home has retained or gained value relative to its immediate neighbours.

The land is notably compact. Within Wolseley, this lot ranks in the bottom 3% for size, and city-wide it’s in the bottom 1%. Buyers should expect a small yard with limited outdoor space—typical of older infill lots in the neighbourhood. The house itself is consistent with the area’s housing stock: roughly average age for the street and neighbourhood, and about average living area for the street, though slightly small relative to the broader Wolseley average of 1,622 square feet.

This property suits buyers who value location over land. Wolseley is a well-established, walkable neighbourhood with older character homes. The home would appeal to someone looking for a manageable-sized house on a small lot—first-time buyers, downsizers, or anyone who prioritizes a central address over a large yard. The above-average assessed value relative to the street may also attract buyers who see potential for further equity growth, though this is not guaranteed.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
On Craig Street, the assessed value of $339,000 is above the street average of $299,400, ranking in the top 30%. Within Wolseley and city-wide, it’s around average—slightly below the neighbourhood average ($371,300) and city average ($390,100).

2. Is the living space small for the area?
It’s close to the street average (1,171 sqft) and ranks in the top half of homes on Craig Street. But compared to the Wolseley neighbourhood average (1,622 sqft), it’s below average. In other words: typical for the immediate street, but on the smaller side for the wider neighbourhood.

3. How old is the house, and is that typical?
Built in 1911. That’s about average for Craig Street (average 1915) and for Wolseley (average 1916). City-wide, most homes are much newer (average 1966), so this is an older property by Winnipeg standards.

4. What’s the lot like?
The land area is 2,195 square feet. That’s around average for Craig Street, but significantly smaller than the Wolseley average (3,434 sqft) and the city average (6,570 sqft). It ranks in the bottom 1% city-wide for lot size. Expect a compact yard.

5. How were the rankings calculated?
Rankings compare this property to “comparable homes” within each scope—street, neighbourhood, and city-wide. “Average” refers to a rough median benchmark for that group. Larger living area, newer year built, larger land area, and higher assessed value all rank better. The bar fill shows the share of peers this home outperforms in each category.