117 Ruby Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1912-built home on Ruby Street in Wolseley, with 1,760 sq. ft. of living space on a 2,858 sq. ft. lot. Its main draw is the interior size: well above average for Winnipeg as a whole (top 19% citywide), and slightly above the averages for both the street and the neighbourhood. The assessed value sits around $314,000—below the street average and close to the community and city medians. The land is on the smaller side, especially compared to city norms, which is typical for an older central-area property. The house itself is older than most across Winnipeg (built 1912 vs. a city average of 1966), but in line with the surrounding housing stock.
The appeal here is space per dollar. You get a generous floor plan in a well-established inner-city neighbourhood, without paying a premium for a large yard or a recently built structure. It suits buyers who prioritise square footage and location over lot size or a modern build—someone looking for a home with character and room to spread out, in a walkable, older part of the city. It's less suited to those wanting a big garden, a newer home, or a property with strong land value appreciation potential.
Five Possible FAQs
1. How does the property’s assessed value compare to similar homes nearby?
It’s below the average on Ruby Street ($314K vs. $373K) and close to the Wolseley average ($371K). Citywide, it's slightly below the median ($390K). So the assessment is fairly modest relative to the living space.
2. Is the lot size a concern for resale or future development?
At 2,858 sq. ft., it's smaller than the street and neighbourhood averages, and well below the city average. It’s typical for the area and era, but anyone expecting a large yard or subdivision potential should look elsewhere.
3. Why is the building year both a positive and a negative?
The home is from 1912—older than most houses in Winnipeg (which average 1966). On the positive side, it means the street and neighbourhood have a consistent, older character. The trade-off is potential maintenance or updating needs common in pre-war homes.
4. How does the living space compare within Wolseley specifically?
It’s slightly above the Wolseley average of 1,622 sq. ft., ranking in the top 39% of homes in the neighbourhood. That’s decent for the area, but not a standout locally the way it is citywide.
5. What does “接近平均” (close to average) actually mean in the rankings?
For most metrics—assessed value, lot size, build year within the community—the property falls near the middle of the pack. That means it's not exceptional in those categories, but also not a major outlier, which can be reassuring for buyers wanting a balanced, typical profile.