525 Dominion Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,978 sqft home on a 4,974 sqft lot in the Wolseley neighbourhood, built in 1915. The property's assessed value is $479,000.

The appeal here is spatial. The lot ranks in the top 5% on the street and top 7% in the neighbourhood—significantly larger than typical Wolseley lots, which average around 3,434 sqft. The living area is also well above average at every geographic level: top 6% on Dominion Street, top 23% in Wolseley, and top 11% citywide. It's a property that stands out in a neighbourhood known for compact lots and older homes.

That said, the house itself is old—1915 puts it in the bottom 13% of homes on the street by year built, and the bottom 11% citywide. Buyers should expect the maintenance considerations that come with a century home: older systems, possible foundation or roof work, and likely less efficient insulation and windows. The high assessed value relative to neighbours ($479k vs. $286k street average) suggests significant improvements have been made, but due diligence on what was updated and when is important.

Who it suits: Buyers who value yard space and interior square footage in an established central neighbourhood, and are comfortable with the responsibilities of an older home. Less suited to someone wanting a move-in-ready modern build or a low-maintenance property.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in Wolseley?
The assessed value of $479,000 is well above the neighbourhood average of $371,300 and ranks in the top 13% locally. On Dominion Street specifically, it's in the top 3%. The value likely reflects the larger lot and living area, plus any recent renovations—but it's worth checking whether the assessment aligns with recent sale prices in the immediate area.

2. What condition is a 1915 home typically in?
It depends entirely on what's been updated. Many homes from this era still have original plaster walls, knob-and-tube wiring, and galvanized plumbing unless replaced. Buyers should expect that windows, insulation, and the roof may need attention. A thorough home inspection with a focus on the foundation, electrical panel, and HVAC age is strongly recommended.

3. Is the lot size unusual for Wolseley?
Yes. At just under 5,000 sqft, it's about 45% larger than the neighbourhood average (3,434 sqft) and ranks in the top 7% locally. However, it's still smaller than the citywide average for comparable homes (6,570 sqft), so the lot is generous for the area but not oversized by broader Winnipeg standards.

4. How does the living area compare to other homes on the street?
The 1,978 sqft living area is nearly 75% larger than the Dominion Street average of 1,126 sqft. This puts it in the top 6% of homes on the street. It's also significantly above the citywide average for comparable homes (1,342 sqft).

5. What should I know about the neighbourhood before making an offer?
Wolseley is a mature, walkable neighbourhood close to the downtown core, with a mix of century homes and infill development. Streets are tree-lined, and amenities like the Wolseley Elm and local shops are within walking distance. However, older neighbourhoods can have narrower streets, less off-street parking, and older underground infrastructure. It's also worth checking whether any flood prevention measures are needed, given the area's proximity to the Assiniboine River.