This is a 1942-built home with 1,298 square feet of living space on a substantial 10,000-square-foot lot in Winnipeg’s Wolseley neighbourhood. The standout feature is the lot: it ranks in the top 1% within the neighbourhood and top 6% citywide for size. While the living area is roughly average for the area, the assessed value is high—top 3% in Wolseley and top 6% citywide—reflecting the premium placed on the land itself rather than the square footage of the house.
The appeal lies in the scarcity of large lots in an established, mature neighbourhood. Most comparable properties in Wolseley sit on much smaller parcels (neighbourhood average is 3,434 sqft), so this offers rare outdoor space and potential for future expansion, gardens, or redevelopment if zoning allows. The house is older than many citywide, but its vintage is typical for the area where homes tend to be early 20th century.
This property would suit buyers who value land and location over a large or modern interior. It is ideal for someone willing to invest in renovations or who appreciates the character of an older home in a walkable, tree-lined neighbourhood. It is less suited to buyers seeking a move-in-ready, low-maintenance property or those who prioritize living space over yard size.
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Why is the assessed value so much higher than the neighbourhood average if the living area is only average?
The high assessed value is driven primarily by the lot size. Land in Wolseley is scarce, and a 10,000-sqft lot is significantly larger than most in the area. Property assessments in Winnipeg weigh land value heavily, especially in established neighbourhoods where building footprints are relatively similar.
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Does the house have original 1940s features, or has it been updated?
This summary does not include renovation history. Buyers should request a detailed inspection and ask about major systems (roof, furnace, electrical, plumbing) as well as any permits for structural changes. A home of this age often retains original details, but that varies per property.
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Could I tear down the house and build new?
That depends on current zoning, heritage restrictions, and lot coverage rules in Wolseley. The large lot may offer subdivision potential, but buyers should verify with the city’s planning department. Many older neighbourhoods have overlay regulations that limit demolition or require character retention.
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How does the 1,298 sqft living area compare to typical starter homes or family homes in Winnipeg?
It is slightly below the citywide average for comparable homes (1,342 sqft) and well below the Wolseley average (1,622 sqft). It would be considered a compact home for a family, but adequate for a couple or small household. The large lot compensates by offering outdoor living space.
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What is the neighbourhood like for walking, transit, and daily needs?
Wolseley is known for its walkability, mature trees, and proximity to the Assiniboine River, parks, and local shops along Sherbrook Street and Portage Avenue. The area has strong community character and is popular among families, academics, and creatives. Transit access is good, with several bus routes nearby.