76 Chestnut Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,510-square-foot home built in 1909, set on a 3,164-square-foot lot in the Wolseley neighbourhood. The property sits slightly below its street's average for living area but holds its own compared to citywide figures—ranking in the top 30% across Winnipeg for interior space. Its assessed value of $314,000 is below both the neighbourhood and city averages, which suggests pricing that aligns with a more modest interior size relative to nearby homes.

The lot is nearly dead-on the Chestnut Street average but noticeably smaller than typical Winnipeg lots, which tend to run over 6,500 square feet. The house is older than much of the city, ranking in the oldest 5% citywide. That means character and construction era appeal, but also potential maintenance considerations.

The appeal here is twofold. First, this is a home in Wolseley—a dense, established area with mature trees and walkable streets—at a price point below many neighbouring properties. Second, the above-average citywide living area ranking means you’re getting more interior space than a typical Winnipeg house, even if the lot is compact and the building is old. A buyer who values older neighbourhood character, a smaller yard to maintain, and a relatively affordable entry point into Wolseley would find this property worth a close look. It may also suit someone open to gradual interior updates who is less concerned with modern house size conventions.

Frequently Asked Questions

1. How does the $314,000 assessed value compare to what I’d actually pay?
The assessment is roughly 12–19% below the street and neighbourhood averages. Assessed value is not a list price or market value, but it reflects the city’s view of the property relative to similar homes. In a competitive market, final sale prices can vary, but this home is positioned as a lower-cost option in the area.

2. The lot is only 3,164 square feet. Is that a problem for a house from 1909?
It’s almost identical to other lots on Chestnut Street, so it’s typical for the immediate area. However, it’s small by citywide standards. For an older home, a smaller lot sometimes means less room for additions or large gardens, but it also means less exterior upkeep. If you want a yard for recreation or expansion, this may be tight.

3. What does “Top 95%” for year built mean? Is that bad?
It means the house is among the oldest 5% of properties in Winnipeg. That’s not inherently bad, but it signals an older construction style—foundation, wiring, plumbing, and insulation may differ from newer homes. A home inspection that pays close attention to structural systems and energy efficiency is strongly advised.

4. How does the living area compare to other homes in Wolseley specifically?
It’s around average for the neighbourhood. The house ranks in the middle of Wolseley (top 55%), so you’re not sacrificing interior space relative to your direct neighbours. That said, the house is slightly smaller than the street average, so a few homes on Chestnut Street itself will be noticeably roomier.

5. The data mentions “assessed value” rankings. What do the percentage tiers actually tell me?
The tier shows where a property falls compared to similar homes. For example, “Top 66%” citywide for assessed value means the home is valued higher than 66% of comparable Winnipeg properties—so it’s in the mid-range, not especially cheap or expensive. A lower tier (like Top 30%) means it ranks higher relative to others. In this case, the living area tier (Top 30% citywide) is stronger than the value tier, which can sometimes indicate a property that feels more spacious than its price suggests.