1580 Wolseley Avenue W

1580 Wolseley Avenue W – Property Summary

Key Characteristics & Ideal Buyer

This home is a 1910-built residence with 1,627 square feet of living space on a notably large 6,115-square-foot lot. Its appeal lies in the land. While the house itself is older than most in the area—ranking in the lower quarter citywide by year built—the lot is among the largest in West Wolseley, ranking first out of 36 comparable properties in the neighborhood. The assessed value sits at $471,000, which is above average for the area and city but slightly below the street average, suggesting the land may be undervalued relative to its size.

The property would suit buyers who prioritize outdoor space and location over a move-in-ready or recently updated home. It is a strong candidate for someone planning renovations, an addition, or a rebuild, as the lot size offers flexibility that most nearby properties lack. It may also appeal to buyers who appreciate older character homes in established neighbourhoods and are comfortable with the trade-offs of an older structure. Families or gardeners who want a generous yard in a central Winnipeg neighbourhood should take note.

Frequently Asked Questions

1. How does the lot size compare to others in West Wolseley?
It is the largest lot among the 36 comparable homes in the neighbourhood—roughly 77% bigger than the local average of 3,443 square feet. Citywide, it ranks in the top 28% for land area.

2. Is the property priced fairly given its age and condition?
The assessed value is $471,000, which is above the neighbourhood average ($386,400) but below the street average ($514,700). This indicates the valuation accounts for the older structure, while the land itself likely carries significant value. Buyers should consider the cost of any needed updates when evaluating the price.

3. What does “ranked #1 out of 36” in the neighbourhood mean?
It means that when compared to 36 similar properties in West Wolseley, this home has the largest land area. The ranking is based on a specific set of comparable homes defined by the assessor, not every house in the area.

4. How much living space does the house actually have?
The living area is 1,627 square feet. This is above the neighbourhood average (1,321 sqft) and city average (1,342 sqft), but below the average for homes on the same street (1,858 sqft). It is a moderately sized home, not unusually large or small.

5. Should I be concerned that the house was built in 1910?
It depends on your tolerance for maintenance and renovation. The house is older than 94% of homes citywide, which likely means it has older systems, insulation, and finishes. A thorough home inspection is recommended. However, many buyers seek out pre-1920s homes for their craftsmanship, character, and established neighbourhoods, so this may be a feature rather than a flaw for the right person.