Here is a clean, standalone summary of the property at 120 Walnut Street, written for direct display on a webpage.
Key Characteristics & Buyer Profile
This is a 1909 home with 1,727 sq. ft. of living space on a 3,043 sq. ft. lot, located on Walnut Street in Winnipeg’s Wolseley neighbourhood. What stands out here is the balance. The living area is slightly above the citywide average (top 20%), but the lot size is notably smaller than the city norm (bottom 13%). That’s typical for an older, central neighbourhood where land is at a premium. The assessed value sits right around the local street and neighbourhood averages (roughly $346k), meaning the pricing reflects the area’s reality without a premium for the home’s age or size.
The appeal lies in its character and solid proportions for the street. Built in 1909, it’s older than most homes in Wolseley (which average 1916) and significantly older than the typical Winnipeg home (1966). For buyers who value pre-war craftsmanship, established trees, and a walkable, mature neighbourhood over a new build or a large suburban lot, this property fits. It is not the largest home in Wolseley, nor the smallest lot on the block, but it lands very close to the street-level averages for its key metrics, suggesting a house that is representative of its immediate context.
This property is best suited for a buyer who appreciates historic character and wants to live in a central, older neighbourhood like Wolseley. It would likely appeal to someone who understands that an older home requires maintenance and that the smaller lot is a trade-off for location and a distinctive feel. It is less suited for someone prioritizing a large private yard, a brand-new build, or contemporary floor plans.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $346,000 is very close to the average for homes on Walnut Street ($337,500) and falls in the middle of the pack in Wolseley (top 50%). Citywide, it’s also around average (top 55%). In plain terms, the tax assessment reflects a home that is priced consistently with its immediate neighbours and the broader neighbourhood, without being a standout in either direction.
2. The lot size is small for the city—is that unusual for Wolseley?
Not really. The lot is 3,043 sq. ft., which is almost exactly average for Walnut Street (top 36%) and right at the neighborhood median for Wolseley (top 51%). Winnipeg’s citywide average lot size is much larger (6,570 sq. ft.) because it includes suburban and rural properties. In Wolseley, smaller lots are the norm and are part of the area’s dense, walkable character.
3. Is the home substantially older than others on the street?
It was built in 1909, which is older than the average house on Walnut Street (1911), but not dramatically so. In the context of Wolseley, 1909 is actually slightly older than the neighbourhood average (1916). Citywide, it’s significantly older than most Winnipeg homes (average 1966). You are buying into the older stock of the neighbourhood, which often comes with plaster walls, solid woodwork, and a different floor plan than newer homes.
4. What does the "Top 20% citywide for living area" really mean?
It means the 1,727 sq. ft. of living space is larger than about 80% of comparable homes across Winnipeg. But it’s only slightly above average for Walnut Street itself (average 1,723 sq. ft.). So while the home feels spacious compared to the whole city, it’s a standard size for the block. The ranking is a reflection of the fact that many city homes are smaller, not that this house is unusually large for its specific location.
5. What are the practical implications of the year built and smaller lot?
A 1909 home may have original systems or materials that need updating (wiring, plumbing, insulation). The smaller lot means less yard work (mowing, snow clearing) but also less outdoor space for gardens, sheds, or big gatherings. You get a tight-knit street with older homes close together, which can mean less privacy than a newer suburb, but also a stronger sense of community and a shorter commute to downtown and the river.