115 Ruby Street – Property Summary
Key Characteristics & Buyer Profile
This 1,651 sqft home, built in 1912, sits on a 2,305 sqft lot in Winnipeg’s Wolseley neighbourhood. What stands out most is its living space: above average for the city (top 23%), about average for the street and neighbourhood. The assessed value of $347k is consistently around average across all three levels—street, neighbourhood, and city. The lot is notably smaller than typical (bottom 8% on the street, bottom 6% in the area). The home is older than most in Winnipeg (built 1912 vs. a citywide average of 1966), but in line with its street and neighbourhood where older homes are common.
Where the appeal lies: This property offers solid interior square footage at a reasonable assessed value, in a walkable, established neighbourhood known for its character homes and mature trees. The living-area advantage relative to price is the standout metric. The small lot and older construction mean less outdoor upkeep and a pre-war character that some buyers value—but also potential for maintenance and system upgrades over time.
Who it suits: Buyers who prioritize interior space over a large yard, and who appreciate older homes with neighbourhood character. It would work well for someone looking to downsize from a larger suburban lot, or for a small family wanting more living space than a typical starter home without paying a premium. It is less suited to buyers seeking a large lot, newer construction, or a property that is notably undervalued relative to its surroundings.
Five Possible FAQs
1. How does this home's lot size compare to others nearby?
The lot is well below average for its street and neighbourhood, and far below the Winnipeg average for comparable homes. If a large yard is important, this property may feel tight—especially for gardening, pets, or outdoor entertaining. The trade-off is less yard maintenance.
2. Is the assessed value likely to rise?
The $347k assessment is close to the street and neighbourhood averages, and slightly below the citywide average for comparable homes. It does not appear to be a "steal" or an overreach—it is priced in line with its immediate context. Future increases would depend more on broader market trends than on being currently undervalued.
3. What should a buyer know about a home built in 1912?
Older homes often have solid construction and desirable details like plaster walls, hardwood floors, and character trim. But they also come with older plumbing, electrical, and insulation. Buyers should budget for a thorough home inspection and potential upgrades to systems, windows, and the roof—especially since the home is older than 90% of Winnipeg’s comparable properties.
4. How does this compare to other Wolseley homes?
It is roughly average for Wolseley in terms of living area and assessed value. The lot is smaller than most in the neighbourhood, and the home is slightly older than the local average (1912 vs. 1916). It is not an outlier in any extreme way—it represents a typical Wolseley property with a bit less land.
5. What does "top 23%" for living area citywide actually mean?
It means this home has more indoor living space than 77% of comparable properties across Winnipeg. That is a genuine advantage—many homes in the city, especially at this price point, will have less square footage. If you want a home that feels spacious without paying for a large lot or a newer build, this is a rare combination.