122 Ethelbert Street – Property Summary
Key Characteristics & Buyer Profile
This is a large, early 20th-century home in Wolseley with standout living space. At 2,664 square feet, it ranks in the top 3% within the neighbourhood and top 2% city-wide—well above typical sizes for both the area and Winnipeg as a whole. The lot is also generous by local standards, ranking 8th on the street and in the top 20% of Wolseley, though below average for the city.
The property was built in 1912, which is typical for the street and neighbourhood but older than much of Winnipeg’s housing stock. Its assessed value sits close to the local average, meaning the purchase price likely reflects the home’s size and age in a reasonable way—not inflated by speculative pressure.
The appeal here is space and location, especially for buyers who want a walkable, established neighbourhood with mature character homes and don’t mind an older structure. It suits someone who values interior square footage over a large yard, or who sees potential in a home from this era—whether that’s restoring original details or updating systems. It may be less ideal for buyers seeking a move-in-ready, low-maintenance property or a large backyard.
Five Possible FAQs
1. How does the living space compare to other homes in Wolseley?
It’s significantly larger. The average living area in the neighbourhood is about 1,622 sq ft, while this home is over 1,000 sq ft larger. On Ethelbert Street itself, it ranks 4th out of 63 homes.
2. Is the property overvalued given its age?
The assessed value is close to the median for both the street and the neighbourhood, which suggests the price is in line with comparable homes. The age is typical for the area, so there’s no obvious premium or discount tied to the build year.
3. What’s the lot like compared to others on the street?
It’s above average locally—8th largest on the street and within the top 20% of Wolseley. That said, it’s smaller than the citywide average, which is expected for an older, central neighbourhood with smaller lots.
4. Does the 1912 build year mean expensive upkeep?
It depends on how well the home has been maintained. Many homes from that era in Wolseley have updated electrical, plumbing, and insulation. It’s worth checking recent upgrades, especially for heating and windows, since the home is older than the Winnipeg average by several decades.
5. Who typically buys homes like this in Wolseley?
Often buyers who appreciate character, walkability, and proximity to the river and shops. Families, professionals, or renovators looking for a larger home in a central neighbourhood at a reasonable assessed value are common. It’s less likely to appeal to someone seeking a modern open-concept layout or a low-maintenance new build.