793 Wolseley Avenue – Property Summary

1. Key Characteristics, Appeal, and Ideal Buyer

This is a 1913 home in Wolseley, Winnipeg, with 1,806 sq. ft. of living space on a 2,521 sq. ft. lot. The assessed value is $382,000.

What stands out here is the living area: it’s above average citywide (top 17%), but the lot size is very small — among the smallest on the street (top 99%) and below average across the neighbourhood and city. The house was built before most others in the area, which is typical for Wolseley but notably older than the Winnipeg average (top 90%).

Its appeal lies in the interior space relative to the footprint. You get a generous house on a compact lot, which often means less yard maintenance and a more urban feel. The assessed value is in line with the neighbourhood average, not a bargain but also not stretched for what you’re getting. The location in Wolseley is a draw — known for its character homes, mature trees, and walkability.

This property would suit buyers who prioritize interior square footage and a central, established neighbourhood over a large yard. It’s a good fit for someone who wants an older home with character, doesn’t need outdoor space for gardening or kids’ play, and values being close to amenities. It’s less suited for families wanting a big lot or a move-in-ready modern finish.

2. Five Possible FAQs

Is this a good investment for its lot size?
It depends on your goals. The lot is among the smallest on the street, so you’re not buying land value here. The value is in the house itself and the location. If you’re looking for land appreciation or future redevelopment potential, this isn’t that property. But as a place to live with decent square footage in a popular area, it holds its own.

How does the age of the home affect maintenance?
Built in 1913, it’s older than about 90% of homes citywide. That means you should expect systems (plumbing, electrical, foundation) that may need updating or have already been updated. It’s common for century homes in Wolseley to have been renovated in parts — ask about what’s been done. The age adds character but requires a buyer comfortable with ongoing upkeep.

Why is the assessed value similar to the neighbourhood average but below the street average?
The street average ($514,700) is skewed by some higher-value homes — likely larger lots or more recent renovations. Your home’s value ($382,000) matches the neighbourhood average ($371,300) closely, suggesting it’s in line with what similar Wolseley homes are worth. The street comparison matters less because it includes a wider mix of property types.

Is the living area really above average, given the small lot?
Yes. The living area (1,806 sq. ft.) beats 83% of comparable homes citywide, and is close to the street average (1,858 sq. ft.). The small lot means the house is likely built upward or with a compact footprint — common in older urban neighbourhoods. You get more indoor space than most homes in Winnipeg, just on less land.

How does this compare to other homes in Wolseley?
It’s typical for the neighbourhood in terms of year built and assessed value, but the lot is smaller than most (top 80% smaller). The living area is slightly above the Wolseley average (1,622 sq. ft.). So it’s a bit more house on a bit less land — a trade-off that’s fairly common in the area, but more pronounced here.