88 Canora Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2,127-square-foot home on a 3,688-square-foot lot in Wolseley, built in 1913. Its assessed value is $589,000.

The property’s strongest metric is its assessed value, which ranks in the top 5% within the neighbourhood and top 9% citywide. This suggests a home that has retained or grown in value more than most around it, likely due to a combination of size, location, and condition. The living area (2,127 sq ft) is above average for both Wolseley and Winnipeg as a whole, though it’s typical for Canora Street itself. The lot size is slightly below the street average and well below the city average, which is common for an older, established neighbourhood like Wolseley. The 1913 build date puts it among the older homes on the street and in the area, but not unusually so for this part of the city.

The appeal here lies in a substantial, well-valued home in a sought-after neighbourhood, rather than a large lot or a recent build. It suits buyers who prioritize interior space and a strong asset in a central, character-rich area—likely people who value proximity to amenities, mature trees, and a walkable street grid over a sprawling yard or a modern floor plan. Renovation history is not stated, so a buyer should expect some original features and the maintenance that comes with a home over a century old. It would not be ideal for someone wanting a large outdoor space or a move-in-ready, low-upkeep new build.

Frequently Asked Questions

1. How does the lot size compare to typical Winnipeg lots?
The lot is 3,688 sq ft, which is well below the citywide average of 6,570 sq ft. It ranks in the top 78% citywide, meaning 78% of homes have larger lots. However, it’s above average for Wolseley (where the average is 3,434 sq ft), so the lot is generous for the neighbourhood.

2. Is the assessed value of $589,000 a reliable indicator of market price?
Assessed value is a useful benchmark but not a direct market price. It reflects the city’s estimate for property tax purposes, which is based on recent sales data and property characteristics. A top 5% rank in Wolseley and top 9% citywide suggests strong comparative value, but a buyer should still review comparable recent sales and factor in the home’s specific condition and any recent upgrades.

3. What does the 1913 build year mean in terms of maintenance and character?
A home built in 1913 likely has solid construction (older framing, possibly brick or stone foundation) and period details like high ceilings, trim, and plaster walls. It will almost certainly require ongoing maintenance: updating wiring, plumbing, insulation, and windows is common. The home is older than 90% of Winnipeg homes, so a thorough inspection is particularly important. Character comes with trade-offs—less uniformity, more quirks.

4. How does this property rank compared to others on Canora Street?
On Canora Street, it ranks #6 out of 69 for assessed value (top 9%) and #9 for year built (top 13%), so it’s one of the more valuable and slightly newer homes on the street. For living area and lot size, it’s near the middle (top 64% and 67% respectively). So it stands out for value, not for being the largest.

5. What type of buyer would this home not suit?
It would not suit a buyer looking for a large, private yard—the lot is below average citywide and on the smaller side for the street. It’s also not ideal for someone wanting a recently built, low-maintenance home, given its age. A buyer seeking a bargain fixer-upper should note the strong assessed value, which likely rules out a deeply discounted price based on size alone.