149 Walnut Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,240 sqft home built in 1907 on a 2,540 sqft lot in Wolseley, Winnipeg. The assessed value is $366,000.
The property sits slightly below average for living space compared to other homes on Walnut Street and within the neighbourhood, though it aligns closely with the citywide average. The lot size is modest—below the Wolseley norm and significantly smaller than the Winnipeg average—which is typical for older, established areas where lots were subdivided early on. The home itself is older than much of the surrounding housing stock, especially compared to newer citywide construction.
The appeal here is largely about location and character rather than square footage or land. Wolseley is a sought-after central neighbourhood known for its tree-lined streets, walkability, and older homes with original detailing. Buyers attracted to this property are likely those who prioritize being in an established, vibrant area over having a large house or yard. It would suit first-time buyers looking for an entry point into Wolseley, downsizers who want less maintenance, or anyone who values proximity to shops, cafes, and the river over interior space. The assessed value is around average for the street and neighbourhood, suggesting the price reflects the trade-off between size and location fairly accurately.
Frequently Asked Questions
1. How does the living space compare to other homes in Wolseley?
It's below the neighbourhood average. Wolseley homes typically have around 1,622 sqft, so this property is about 400 sqft smaller. That said, many older homes in the area have been expanded or have finished basements, so this is on the compact side even for the neighbourhood.
2. Is the lot size a concern for this property?
It depends on expectations. At 2,540 sqft, the lot is below average for Wolseley (3,434 sqft) and well below the citywide average (6,570 sqft). That's common for homes built before 1910 in central Winnipeg. It means limited outdoor space, but also less upkeep and a smaller footprint to maintain.
3. Why is the assessed value around average when the house is smaller and older?
Assessed value reflects market conditions, not just size or age. In a neighbourhood like Wolseley, location, demand, and the character of the area contribute significantly to value. A smaller, older home in a desirable central area can carry a similar price tag to a larger one in a less central location.
4. What should I know about a home built in 1907?
Older homes often have solid construction and unique architectural features, but they may also have outdated systems (electrical, plumbing, insulation). Buyers should budget for potential upgrades, especially if the home hasn't been updated recently. It's wise to get a thorough home inspection focused on structural and mechanical condition.
5. How does this property rank compared to others in Winnipeg overall?
It sits near the middle for assessed value and living space citywide (top 46–48%). For age, it's in the oldest 4% of homes citywide, meaning it's significantly older than most Winnipeg homes. For lot size, it's in the top 6% smallest, which reflects its central, older neighbourhood context.