512 Sprague Street – Property Summary

Key Characteristics and Buyer Profile

This is a 1,602 sqft home built in 1925 on a 3,936 sqft lot in Winnipeg’s Wolseley neighbourhood. Its assessed value sits at $363,000.

The property’s main strength is its size. The living area ranks in the top 18% on Sprague Street and top 25% citywide, meaning it offers more interior space than most comparable homes in Winnipeg. The lot, while average for the street, ranks in the top 18% within Wolseley—something that matters in a neighbourhood where yards tend to be compact. The house itself is older than the city average, but on its own street and in Wolseley, it’s actually newer than many surrounding homes (top 8% on the street, top 15% in the neighbourhood). That puts it in a sweet spot: not a heritage restoration project, but far from a modern infill.

The appeal here is pragmatic. You get a solid amount of house and yard in a desirable central neighbourhood, at a price that’s around average for the area and below the citywide norm. It’s not a flashy flip or a gut-reno candidate. It’s a house that was likely maintained in a straightforward way, and its value reflects that.

This property would suit a buyer who wants Wolseley’s walkability and character without paying a premium for a fully updated home. It’s a good fit for someone willing to do cosmetic updates over time—or for a buyer who simply wants more square footage than a typical bungalow in the area. Not ideal for someone seeking a turnkey modern interior or a large suburban lot.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in Wolseley?
It ranks in the top 42% neighbourhood-wide, meaning it’s slightly below the neighbourhood average of $371,300. Citywide, it’s right around the middle. So you’re paying close to what you’d expect for Wolseley, but getting above-average living space.

2. Is the lot size unusual for this part of Winnipeg?
It’s above average for Wolseley (top 18%), which is notable because lots in this area tend to be narrower and shallower than in newer subdivisions. But it’s below average for the city as a whole, where newer lots often push past 6,500 sqft. So it’s generous for the neighbourhood, not by suburban standards.

3. What does the 1925 build date mean in practical terms?
On Sprague Street, only three homes are older. In Wolseley, most homes date from 1916 or earlier. So this house is newer than much of the surrounding stock, but still nearly a century old. Expect solid construction typical of the era—plaster walls, likely some original trim—but also older mechanicals unless upgraded. Citywide, it ranks in the bottom 15% for age, so it’s old relative to Winnipeg as a whole.

4. How does this rank against other listings in the same price range?
At $363,000, this home’s living area outperforms most properties at similar price points across Winnipeg (top 25% citywide). That’s its clearest advantage. Lot size lags behind citywide averages, but that’s typical for central neighbourhoods.

5. What might be overlooked by someone just looking at the numbers?
The ranking data compares this home to “comparable homes,” not all homes. That means the citywide stats already adjust for type and age. So when the lot rank drops to top 76% citywide, it’s compared to other homes of similar vintage and style—not brand-new infills. Also, Wolseley has mature tree canopy and lane access that don’t show up in square footage rankings, and both affect livability more than raw numbers suggest.