Property Overview & Key Characteristics
This 1913 two-and-a-half storey home on Wolseley Avenue presents a classic character property with modern updates. Its key appeal lies in the combination of generous space, a desirable location, and a renovated basement. With over 2,000 square feet of living area on a 3,333 sqft lot, it offers more interior space than 92% of Winnipeg homes and sits on a lot larger than 83% of city properties. The detached garage adds practical value in this established neighbourhood.
The home suits buyers looking for a character home in a mature, tree-lined community who also value move-in readiness, particularly from the basement renovation. Its assessed value is notably low compared to recent sale prices, suggesting potential equity or a unique valuation scenario. A thoughtful perspective is that while the home is older, its building year is newer than 91% of Winnipeg properties, indicating a relatively younger home in a city of historic housing stock. It would especially suit a buyer who appreciates space over brand-new condition and is comfortable with the upkeep of a century-old home.
Frequently Asked Questions
1. How does the assessed value compare to recent sales?
The property was last assessed at $55,400k, but sold for $53.30k in July 2023 and $36.50k in August 2022. This significant increase in sale price over a short period, now closely aligned with the assessment, may reflect market trends, recent improvements, or a previous below-market sale.
2. Is the living space typical for Wolseley?
At 2,057 sqft, this home has more living area than 81% of properties in the Wolseley neighbourhood, making it a notably spacious option in the area.
3. What does the "renovated basement" entail?
The listing confirms a renovated basement but does not specify the scope. This should be verified for the quality of finish, ceiling height, permits, and whether it includes a secondary suite or additional living space.
4. How does the property rank for size on its street?
The land size (3,333 sqft) is in the top 16% on Wolseley Avenue, meaning it has a larger-than-average lot for the street. The living area is in the top 30%, confirming it as one of the larger homes on the block.
5. What is the broader neighbourhood context?
The home is centrally located in the established Wolseley neighbourhood. The provided comparable listings show a mix of similarly aged character homes, with assessed values generally lower than this property's recent sale price, highlighting the importance of viewing condition, specific location, and updates.