123 Evanson Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1910-built home in Wolseley with 1,332 square feet of living space and a 2,412-square-foot lot. Its assessed value sits at $285,000.
Where the property stands out is its living area relative to price. Citywide, its square footage ranks in the top 40% (above the average of 1,342 sqft), yet its assessed value ranks in the bottom 25%—meaning you’re getting more interior space for a lower valuation than most comparable homes in Winnipeg. On its own street and in Wolseley, the living area is roughly average, but the assessed value is below average, reinforcing the same value-for-space dynamic.
The lot is small by city standards—in the bottom 3% for land area—which is typical for older infill neighbourhoods. The year built (1910) is early even for Wolseley, where the average is 1916. Age isn’t necessarily a drawback here, as buyers in this area often seek pre-war character.
This property would suit a buyer who wants a solid amount of indoor space in a central, established neighbourhood, at a price point below the local and citywide average. It’s less suited for someone who needs a large yard or a turnkey new build. Think first-time buyers, downsizers with an appreciation for older homes, or investors looking for below-market entry into a desirable area.
Five Possible FAQs
1. How does the assessed value compare to similar homes in Wolseley?
It’s below average. The neighbourhood average for comparable homes is about $371,000; this property is assessed at $285,000. That places it in the bottom 20% of homes in the area, which aligns with its smaller lot size and older construction.
2. Is the 1910 build a concern in terms of maintenance?
It depends on what’s been updated. Many homes from this era in Wolseley have had electrical, plumbing, and foundation work done over the decades. You’d want to confirm the condition of the roof, windows, and mechanicals. The age itself isn’t unusual for the street—most neighbours are similarly vintage.
3. Why is the lot so small compared to the city average?
The lot is 2,412 sqft, which is typical for a street like Evanson in an older, grid-style neighbourhood. Citywide, land averages 6,570 sqft, but that includes suburban and newer developments. This lot is average for its street and actually a bit below average for Wolseley, where the neighbourhood norm is around 3,434 sqft.
4. Does the below-average assessed value mean the asking price will be low?
Not necessarily. Assessment is one data point, but market value depends on recent sales, condition, and demand. A below-average assessment can sometimes indicate a buying opportunity if the home is in good shape, but it could also reflect deferred maintenance that would need budgeting.
5. How does this home rank compared to others on Evanson Street?
By living area, it’s near the middle (66th percentile). By assessed value, it falls in the lower third (72nd percentile). By lot size, it’s also around the middle (69th percentile). In short, it’s a fairly typical house for the street—neither standout nor outlier—but with a value proposition that looks better when you zoom out to the city level.