109 Ruby Street – Property Summary
Overview & Appeal
This is a 1,568 sqft home on a 2,306 sqft lot, built in 1912 and assessed at $320,000. The property sits on Ruby Street in Winnipeg’s Wolseley neighbourhood.
What stands out here is the living space. At 1,568 sqft, the home is larger than 73% of comparable properties citywide, and it’s right around the average for Wolseley and Ruby Street itself. The assessed value, however, tells a different story—it's below the street average ($372.5k), close to the neighbourhood norm, and slightly under the city median ($390k). This gap between size and value is worth noting: you’re getting above-average square footage at a below-average price point.
The lot is small. At 2,306 sqft, it’s well below the Wolseley average of 3,434 sqft and far under the city average of 6,570 sqft. That’s typical for older infill homes, but it means outdoor space is limited. The house itself was built in 1912, making it one of the older homes on the street—though not unusual for the area—and significantly older than the citywide average (1966).
This property would suit a buyer who prioritizes interior space over a large yard and is comfortable with an older home. Given the assessed value relative to square footage, it could also appeal to someone looking for value in a neighbourhood that’s seeing ongoing interest. Wolseley has a strong sense of character and walkability, which offsets the compact lot for many buyers.
FAQs
1. Is the home move-in ready?
That's not indicated in the data. The property details focus on size, age, value, and lot. You’d want to request a condition report or book a viewing to assess the actual state of the house.
2. Why is the assessed value below average for the street when the house is larger?
Assessed value considers more than just square footage. Condition, updates, lot size, and recent sales all play a role. This home is older and sits on a smaller lot than many neighbours, which likely brings the assessed value down.
3. How does the small lot affect resale potential?
Smaller lots in older neighbourhoods can limit appeal for buyers wanting gardens, sheds, or room for additions. That said, in a desirable area like Wolseley, some buyers prioritize location over lot size. It may take a bit longer to find the right buyer, but it’s not a dealbreaker in this market.
4. Is the 1912 construction a concern?
Old homes often have charm and solid bones, but they can come with older electrical, plumbing, or insulation. The data doesn’t flag any issues. A home inspection would be essential here to check for common age-related concerns like knob-and-tube wiring, lead pipes, or foundation settling.
5. How does this property compare to others in Wolseley?
It’s fairly typical for the neighbourhood in terms of age and living area. The main difference is the smaller lot—Wolseley lots tend to be larger on average. The assessed value is near the neighbourhood median, so it’s priced in line with what you’d expect for the area, given the trade-offs.