Property Overview & Key Characteristics
This 1912 two-and-a-half storey home in Winnipeg's Wolseley neighbourhood offers a classic character footprint with a generous 2,580 sqft lot. Its primary appeal lies in its established location and solid foundation, presenting a clear opportunity for personalization. The 1,793 sqft living space is above average for the immediate street, and the property ranks highly for lot size within the wider city, suggesting valuable outdoor potential. The basement exists but is noted as not renovated, indicating that the home is likely best suited for a buyer comfortable with updates or a gradual renovation plan. It would be an ideal match for a pragmatic first-time buyer seeking character in a desirable area, a hands-on owner looking to add value over time, or an investor considering the long-term potential of a well-located Wolseley property. A less obvious perspective is that the relatively low assessed value compared to some neighbours could indicate a more manageable property tax burden, providing some budgetary flexibility for improvements.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
This usually indicates a functional but unfinished or dated basement space. It likely has essential utilities but would require investment to become a modern living area, offering the next owner a blank canvas.
2. How significant is the 1912 build date?
Homes of this era in Wolseley are common and prized for their character, but they come with expectations. Buyers should budget for potential updates to older mechanical systems, windows, or insulation, balanced against the charm and solid construction of the period.
3. The assessed value seems low compared to some similar listings. Why?
Municipal assessed value for taxation purposes often lags behind current market values and is calculated using a specific formula. It should not be used as a direct indicator of listing or sale price, which is determined by current market conditions, the home's specific condition, and recent comparable sales.
4. What are the advantages of a larger lot in Wolseley?
A lot size ranking in the top 6% for Winnipeg is a standout feature. It provides more private outdoor space, better potential for gardening, landscaping, or additions, and often allows for more natural light and spacing from neighbours compared to tighter lots.
5. Is the lack of a garage a major drawback?
For many in walkable, mature neighbourhoods like Wolseley, on-street parking is common and accepted. However, it is a consideration for households with multiple vehicles or those who prioritize secure storage. The lot size may allow for the future construction of a garage or shed, subject to local bylaws.