Here is a clean, standalone summary of the property at 138 Home Street, formatted for direct display.
Key Characteristics & Buyer Profile
This is a large, early 20th-century home (built 1912) with 2,401 square feet of living space on a 3,312-square-foot lot. Its standout feature is its size and value relative to its immediate street. On Home Street, it ranks in the top 2% for both living area and assessed value, meaning it is significantly larger and more expensive than its direct neighbours. The home falls in the Wolseley neighborhood, an area known for its older, character-rich housing stock. While the lot is slightly smaller than the Wolseley average, the house itself is a clear standout on its block.
The appeal here is subtle. It’s not the biggest house in the city, nor is it on the largest lot. But it offers buyers a rare combination: a commanding presence on a specific street, a high-value asset that outpaces local benchmarks, and the bones of a 1912 home (which often means solid construction, unique details, and mature surroundings). The assessed value is considered “Elite” at the street and neighborhood level, suggesting strong equity positioning for its immediate area.
This property would suit a buyer who values a large, older home in a well-regarded central Winnipeg neighborhood—someone who isn’t looking for a sprawling suburban lot but wants generous interior space and a property that sits near the top of its local market. It’s a good fit for someone who understands that “best on the block” often retains value better than an average home in a pricier area.
Five Possible FAQs
1. How does the size of this home actually compare to others nearby?
The house has 2,401 sq. ft. of living area. On its street, that’s in the top 2%—the average home there is just 1,388 sq. ft. In the wider Wolseley neighborhood, it’s still in the top 6%, where the average is 1,622 sq. ft. So it is genuinely a large home for its immediate area and the broader neighborhood.
2. The lot is listed at 3,312 sq. ft. Is that considered small?
It depends on the comparison. On Home Street, that lot is above average (top 13%). But within Wolseley as a whole, it’s around average (top 38%). Compared to the entire city of Winnipeg, it is below average because many newer suburban lots are much larger (citywide average is 6,570 sq. ft.). The lot is typical for a central, older neighborhood.
3. The house was built in 1912. What does that mean practically?
It means this is a character home, not a modern build. It ranks near the top of its street for age (top 19%), meaning some neighbours may be even older. Citywide, it is older than 92% of homes. Buyers should expect features common to the era—thick plaster walls, possibly knob-and-tube wiring originally, and a layout that may differ from modern open-concept designs. It likely has good bones but may need system updates depending on what the current owner has done.
4. The assessed value seems high compared to other homes on the street. Why?
The assessed value is $589k. This places it in the top 2% on Home Street (where the average is $242.7k) and the top 5% in Wolseley (average $371.3k). The high assessment reflects the home’s much larger living area relative to its neighbours. It is not just a more expensive house—it is a significantly bigger structure on a street of smaller homes, which drives up the valuation.
5. How does this property rank in the broader Winnipeg market?
Citywide, it ranks in the top 4% for living area and the top 9% for assessed value. However, it ranks in the bottom 17% for lot size and is older than 92% of homes across the city. This means you are buying a large, older, central home that is a strong performer in its immediate context, but it is not competing on size or newness with suburban or newer developments.