1203 Wolseley Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,060 sqft home built in 1910, sitting on a 2,797 sqft lot in Winnipeg’s Wolseley neighbourhood. Compared to others on the same street, the property is smaller in both living area and lot size, and its assessed value is well below the street average. However, when measured against the rest of the city, the home is close to average in size and value—so it’s not unusually small by Winnipeg standards, just small for its immediate street. The house is older than most in the city (built 1910 vs. city average 1966), but roughly in line with other homes in Wolseley, where many houses date from the 1910s and 1920s.
Its appeal lies in affordability and location. The lower assessed value suggests a more accessible price point relative to neighbouring properties, which often have larger lots and higher valuations. For someone who values the character, tree-lined streets, and walkability of Wolseley, this property offers a chance to enter the neighbourhood without paying a premium for extra space or land. It would likely suit first-time buyers, downsizers, or investors looking for a smaller home in an established central area—especially those who are comfortable with an older building and a compact footprint.
Frequently Asked Questions
1. How does the property’s size compare to others in Wolseley?
The 1,060 sqft living area is smaller than the neighbourhood average of about 1,622 sqft, ranking in the bottom 14% of homes in Wolseley. The lot is also below average for the area.
2. Is the assessed value a good indicator of the asking price?
Assessed value is used for property tax purposes and may differ from market value. Since this home is assessed well below both the street and neighbourhood averages, it may be priced more affordably than nearby homes—but buyers should still compare recent sale prices in the area.
3. What should I know about a house built in 1910?
Older homes often have solid construction and character details, but may also require updates to electrical, plumbing, insulation, or roofing. Buyers should budget for a thorough home inspection and ongoing maintenance. The age is typical for Wolseley, so local contractors familiar with older homes are available.
4. Why is the lot size so much smaller than the street average?
At 2,797 sqft, this lot is in the bottom 5% on Wolseley Avenue, where the average is nearly 5,947 sqft. This suggests the property may sit on a narrower or more compact parcel, possibly part of an original subdivision with smaller lots. This limits expansion potential but keeps upkeep lower.
5. Does being “below average” in rankings mean it’s a worse property?
Not necessarily. The rankings compare size, age, and value to other homes—not quality or condition. A smaller, older, lower-assessed home can still be well-maintained and in a great location. The rankings are useful for context, not judgment.