1175 Wolseley Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1924 home on Wolseley Avenue offers 1,576 square feet of living space on a 3,903-square-foot lot. The assessed value is $443,000.
The property performs well within the Wolseley neighbourhood. While its street-level figures are around average, the home sits in the top 19% of neighbourhood properties for assessed value and lot size. That gap is telling: the lot (3,903 sqft) is notably generous compared to other Wolseley homes, even if it’s smaller than the citywide average. The living area, meanwhile, is above average for Winnipeg as a whole but typical for its immediate street and neighbourhood.
The home was built in 1924, which makes it older than many citywide properties (only 15% of Winnipeg homes are older), but perfectly in line with the character of Wolseley. Age here is not a drawback—this neighbourhood is prized precisely for its pre-war homes, mature trees, and walkable blocks.
Appeal lies in the combination of a historically desirable neighbourhood, a solid lot size, and an assessed value that undercuts many nearby properties. You’re getting Wolseley character at a price that sits below the street average ($514.7k) but well above the neighbourhood average ($371.3k), suggesting the home offers a middle ground: more established than a starter home, but not at the premium end of the street.
Suitable for buyers who want an older character home in a central, established Winnipeg neighbourhood without paying for the most expensive house on the block. Renovators or owners comfortable with a 1920s build will find the lot size a strong asset. It’s less suited for someone seeking a large modern floor plan or a big suburban yard.
Frequently Asked Questions
1. How does the 1,576 sqft living area compare to other homes in Wolseley?
It’s right at the neighbourhood average of 1,622 sqft, so it’s a typical size for the area. Citywide, it’s above average (top 27%), meaning it’s more spacious than many Winnipeg homes.
2. What’s the significance of the 3,903 sqft lot size?
In Wolseley, this lot is larger than about 80% of nearby homes. However, it’s smaller than the citywide average (6,570 sqft) and the street average (5,947 sqft). Practically speaking, you get a generous yard for the neighbourhood, but not a sprawling suburban lot.
3. Why is the assessed value ($443k) above the neighbourhood average but below the street average?
The street includes a mix of homes, some of which are larger or more recently updated. Your property’s value sits in a sweet spot: it’s worth more than most Wolseley homes (top 19% neighbourhood-wide), but it’s not the priciest option on Wolseley Avenue itself. This often signals good value relative to the immediate neighbours.
4. What should I know about a home built in 1924?
It’s older than 85% of homes in Winnipeg, but it’s typical for Wolseley. Expect original character details, possible knob-and-tube wiring, and an older foundation. The age also means mature landscaping and established street trees are likely. A thorough home inspection should focus on plumbing, electrical, and insulation.
5. What does “Above Average” in the city ranking really mean for living area and value?
It means this home is more spacious than 73% of Winnipeg homes and has a higher assessed value than 70% of city homes. In practical terms, you’re getting above-average space and equity for the city, but a typical amount for Wolseley. This is common in older central neighbourhoods—citywide data is skewed by newer, smaller suburban houses.