748 Westminster Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1910-built detached home in Winnipeg’s Wolseley neighbourhood, with 2,478 sq ft of living space and a 4,997 sq ft lot. It ranks among the top 6% of homes on Westminster Avenue for living area and sits on the largest lot on the street (top 3%). Within Wolseley, living space ranks in the top 5%, and lot size in the top 7%. The assessed value of $424,000 is above the street and neighbourhood averages, but close to the citywide median.

The appeal lies in the combination of generous interior space and a notably large lot—uncommon on this block. The home is older than many citywide properties, but its lot size and square footage make it stand out within both the immediate street and the broader Wolseley area. This is not a move-in-ready modern home, but a property with bones and potential.

This property would suit: buyers who prioritize space and land over a newer build, those interested in older character homes with room to renovate or update, and families or households looking for a large lot in a mature, established neighbourhood. It may also appeal to someone who values a quieter street with solid comparative metrics—this home punches above average locally even if it sits near the city median for overall assessment.

Five Possible FAQs

1. How does the property's age compare to other homes in the area?
It was built in 1910, which is close to the average for the Wolseley neighbourhood (1916) and slightly older than the average on Westminster Avenue (1922). Compared to all of Winnipeg (median build year ~1966), it is significantly older. Buyers should expect systems and structure to reflect its age.

2. Is the assessed value a good indicator of market price?
The assessed value is $424,000, which is above the street and neighbourhood averages but close to the citywide average of $390,000. However, assessment and market value are not the same—particularly for properties with unusual lot size or living area. The large lot and top-tier living space rankings may command a premium or discount depending on condition.

3. How large is the lot, and what does that mean practically?
The lot is 4,997 sq ft—the largest on Westminster Avenue and in the top 7% within Wolseley. It is above the neighbourhood average of 3,434 sq ft but slightly below the Winnipeg average of 6,570 sq ft. In a dense, older neighbourhood like Wolseley, this amount of land is relatively rare and offers room for gardens, expansions, or outdoor space.

4. What does the ranking data really tell me about this home?
The rankings compare this property only to other single-detached homes in the same street, neighbourhood, and city. The living area and lot size rankings are excellent relative to the immediate area, meaning this is one of the bigger homes on its block. The assessment ranking is more modest—suggesting the value is solid but not exceptional. It’s a home that stands out for size and land, not for price.

5. Is this a good investment for a renovation project?
That depends on the current condition, which is not detailed here. The data shows strong fundamentals—large lot, above-average square footage, and a location in a sought-after older neighbourhood. But a 1910 home often requires significant updates to electrical, plumbing, insulation, and foundation. The property’s potential is tied to how much work a buyer is willing to take on, not just the raw stats.