525 Sprague Street

Wolseley, Winnipeg

Property score

61.3

Fair

Overall 61.3 · Smaller but newer than most nearby homes

1,080 sqft (bottom 15%) · Built in 1925 (9 yrs newer than avg)

Located in a high-income area with median household income of ~100k

Transit 92.0 · 2-min walk to transit with 5 nearby routes · Within 500m: 10 dining spots, 3 schools, 3 healthcare facilitys, and 1 shop nearby

Living Area

Below average

33% smaller than neighborhood avg.

Year Built

Above average

9 yrs newer than neighborhood avg.

Mother tongue

English · 88%French · 4%

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

61.3 is composed by the two sections below.

Property Score

44.8Low
Living Area1,080 sqft52Fair
Year Built192520Low
Lot Size3,934 sqft46Low
Neighbourhood Sales Activity53Fair

Community Score

86.1Excellent
Household Income85Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health83Excellent

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: #46110109

Community deep dive

$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

Population, labour & age

Population (2021)603
Labour force participation rate75%
Median age40.0
Avg household size2.5
Unemployment rate6%
Population density4638 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households18%
Couple families with children35%
Median household income (2020)$100K

Housing

Renter households14%
Condominium dwellings0%
Median dwelling value (owners)$324K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority11%
Bachelor's or higher (25–64)55%
Mother tongue (1st)English · 88%
Mother tongue (2nd)French · 4%

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

Rankings

Living Area

around average
1,080 sqft
0255075100
Same streetBottom 40%Same areaBottom 15%CitywideBottom 37%
Same street · Sprague Street
#30 / 50
Bottom 40% · Avg 1,267 sqft
Same area · Wolseley
#2,004 / 2,349
Bottom 15% · Avg 1,622 sqft
Citywide · Winnipeg
#121,563 / 194,458
Bottom 37% · Avg 1,342 sqft

Tax-Assessed Value

above average
395k
0255075100
Same streetTop 24%Same areaTop 31%CitywideTop 40%
Same street · Sprague Street
#12 / 50
Top 24% · Avg 367.2k
Same area · Wolseley
#730 / 2,349
Top 31% · Avg 371.3k
Citywide · Winnipeg
#77,040 / 194,458
Top 40% · Avg 390.1k

Year Built

above average
1925
0255075100
Same streetTop 8%Same areaTop 15%CitywideBottom 15%

Lot Size

above average
3,934 sqft
0255075100
Same streetBottom 8%Same areaTop 18%CitywideBottom 24%

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

525 Sprague Street — 27 amenities found within 500 m, across 9 categories, including 10 dining (nearest 78 m), 3 education (nearest 211 m), 3 healthcare (nearest 272 m).

Search radius
🍽️Dining10
🏫Education3
🏥Healthcare3
🛒Shopping1
🌳Parks3
🏦Finance2
Fuel Stations1
Worship3
🏛️Government1

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 11/2021CA$400k–450k
Sold price

Same street

Top 20%

Same area

Top 26%

City-wide

Top 33%

Related homes

Highlights & common questions: 525 Sprague Street, Winnipeg

525 Sprague Street – Property Summary

Key Characteristics & Buyer Profile

This 1925 home in Wolseley offers 1,080 sq ft of living space on a 3,934 sq ft lot. Its assessed value is $395,000. The property sits slightly below the average living area for its own street and well below the Wolseley neighbourhood average, but it tracks close to the citywide median. The land is smaller than typical for the street and the city, though above average for the surrounding area. The home is older than most properties in Winnipeg, but it ranks among the newer builds on Sprague Street and within Wolseley, where many homes date to the 1910s.

The appeal here lies in relative value. The assessed price is above the street average and competitive within the neighbourhood, despite the smaller floor plan and lot. That suggests the premium is attached to the home’s condition, location, or character—not sheer size. Buyers drawn to Wolseley’s established, walkable streets and older housing stock will find this property less of a fixer-upper relative to neighbours, while still being priced below many newer or larger homes in the city. It suits buyers who prioritise neighbourhood feel and a well-positioned, modestly sized home over square footage or a large yard. It may also appeal to those who see value in a property that's slightly newer for the area, potentially requiring fewer immediate updates than a 1910s build.


Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $395,000 is above the Sprague Street average ($367,000) but closely aligned with the Wolseley average ($371,000) and the citywide average ($390,000). This suggests the home is priced consistently with its immediate area and the broader market.

2. Is this property considered small for the neighbourhood?
Yes, in terms of both living area and lot size. The 1,080 sq ft is below the Wolseley average of 1,622 sq ft, and the 3,934 sq ft lot is smaller than the street average (4,129 sq ft). However, the lot is actually larger than the typical Wolseley lot (3,434 sq ft), so outdoor space is not unusually tight by local standards.

3. How old is this home, and does that affect its value?
Built in 1925, it’s newer than most homes on Sprague Street (average 1923) and in Wolseley (average 1916), but significantly older than the citywide average (1966). Its age places it in the top 15% of homes in the neighbourhood by newer build date, which can be a practical advantage in terms of structural updates and maintenance history.

4. What does "ranked 12/50 on the street" for assessed value mean?
It means that out of 50 comparable properties on Sprague Street, this home has the 12th highest assessed value. In other words, it’s in the top 24% of the street by price, which is above average. This ranking reflects both the home’s relative appeal and the local market’s valuation of its features.

5. How does this property compare to others in the city overall?
Across Winnipeg, this home ranks in the top 40% by assessed value and the top 63% by living area. That means it’s priced slightly higher than many homes, but is smaller than average. The lot is in the bottom 24% citywide. Buyers should expect a modest footprint in a historically desirable neighbourhood rather than space or land, which aligns with Wolseley’s character.

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