527 Stiles Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1912 home in Wolseley with 1,475 sq. ft. of living space on a 2,598 sq. ft. lot. Its assessed value is $299,000.

The property’s main appeal is size relative to cost. The living area ranks well above average on Stiles Street (top 13%) and slightly above citywide averages, yet the assessed value sits notably below both the Wolseley neighbourhood norm and the citywide median. In plain terms: you get more interior space than most nearby homes, for less money than most nearby homes.

The lot is another story. At 2,598 sq. ft., it’s a bit above average for the street itself, but well below what’s typical for Wolseley and the city as a whole. That’s partly a reflection of the area’s older, denser character—smaller lots are common in central neighbourhoods.

The house was built in 1912, which makes it one of the older homes on the street (top 16% for age) and older than the Wolseley average. Citywide, it’s in the bottom tier for newness. That’s not unusual for this part of town, but it does mean a buyer should be prepared for the maintenance realities of a century-plus-old house.

Who this suits: Buyers who want a solid amount of living space without paying a premium for a large yard or a recently built home. It’s a good fit for someone who values character and location over a big lot, and who is comfortable with the quirks and upkeep of an older house. First-time buyers looking to get into Wolseley without stretching to the neighbourhood’s upper price range should take a close look. It’s less suited to families wanting a big backyard or anyone seeking a turnkey modern build.

FAQs

1. How does the assessed value compare to similar homes in Wolseley?
It's below average. The neighbourhood median assessed value for comparable homes is about $371,000, while this property sits at $299,000. That gap is larger than what you’d typically see for a home of this size in the area, which is why it stands out on paper.

2. Is the living area actually larger than most homes in the area?
Yes, but with nuance. On Stiles Street specifically, it’s well above average. In the broader Wolseley neighbourhood, it’s closer to the middle of the pack. Citywide, it’s slightly above average. So it’s not a giant house, but it offers more square footage than many comparably priced options nearby.

3. The lot seems small—is that typical for Wolseley?
It’s smaller than the Wolseley average (which is about 3,434 sq. ft.), but that average includes a mix of properties. Many older homes in central Winnipeg sit on lots this size or smaller, and the street-level ranking (top 27%) suggests it’s not unusually tight compared to immediate neighbours. The biggest gap is against the citywide average lot size, which is much larger due to new development on the outskirts.

4. What should a buyer know about a 1912 home?
Expect older systems and materials. Electrical, plumbing, insulation, and foundation work may have been updated partially or not at all—it’s worth a thorough inspection. The upside is that homes from this era often have quality woodwork, high ceilings, and solid construction where they haven’t been compromised. Age doesn’t mean bad, but it does mean paying attention to what’s been maintained.

5. How does this property rank among listings in the same price range?
The data suggests strong value for the living space. Many homes under $300,000 in Winnipeg offer less square footage or are in less central neighbourhoods. The trade-off here is the older age and smaller lot—so it may not appeal to everyone, but for a buyer prioritizing interior space and location over yard size, it’s a competitive option.