Here is a clean, standalone summary of the property based on the data provided.

Key Characteristics & Buyer Profile

What It Is: A 1,176 sqft home built in 1941 on a compact 2,494 sqft lot in Wolseley. It sits on Westminster Avenue.

Where the Appeal Lies: The main draw is the home’s age and street presence. The property was built in 1941, which places it among the older, more established homes on its street (top 15%) and within an elite bracket for its neighborhood (top 5%). For someone who values pre-war construction, character, or a street with a mature feel, this is a standout feature. The assessed value sits near the neighborhood median, suggesting the price is in line with typical Wolseley expectations, even though the house itself is physically smaller than many nearby properties.

What to Consider: The living area is below average for both the street and the neighborhood. The lot is the smallest on the block, ranking last out of 34 homes on Westminster Avenue. This is not a property for someone seeking square footage or a large yard. The value is in the location and the era of the home, not its footprint.

Who It Suits: A buyer who prioritizes being in a sought-after, established neighborhood over having a large house or lot. It would likely appeal to someone downsizing, a first-time buyer looking for a more affordable entry point into Wolseley, or someone interested in a character home they can renovate and personalize over time.

Frequently Asked Questions

1. How does this house compare to other homes on the street?
It is one of the smallest and newest homes on Westminster Avenue. It ranks 29th out of 34 for living area and has the smallest lot on the block. However, it is also one of the newest—ranked 5th out of 34 by year built.

2. Is the assessed value a fair reflection of the home?
Locally, yes. The assessed value of $343k is slightly below the street average of $379k and roughly in line with the neighborhood average ($371k). The home is valued less than its neighbors primarily because it has less living space and a much smaller lot.

3. Why is the lot size so small compared to the city average?
This is typical for the area. The city-wide average lot size in Winnipeg is about 6,570 sqft. In Wolseley, the average drops to 3,434 sqft. This lot is even smaller than that, at 2,494 sqft, making it a particularly compact city property. Buyers should expect minimal outdoor space.

4. What does “elite” mean for the year built ranking?
In this context, it means the home is among the oldest 5% of properties in the Wolseley area. The neighborhood has a strong stock of pre-1920 homes, and this 1941 build is relatively recent for that pocket. It suggests the home may have a different structural character or foundation type than the very oldest houses nearby.

5. Should I expect the living area to feel cramped?
At 1,176 sqft, the home is about 575 sqft smaller than the average house on its street. It is also smaller than the average Wolseley home (1,622 sqft). However, it is slightly larger than the average city-wide comparable home (1,342 sqft). It is a genuinely compact house by neighborhood standards, not just by street standards.