Key Characteristics & Buyer Profile
This 1909 home on Chestnut Street in Wolseley offers 1,889 square feet of living space, which puts it above average for both the neighbourhood (29% percentile) and the city as a whole. Its assessed value of $425,000 is also notably above the Wolseley median, though it sits close to the city-wide average. The lot measures 3,086 square feet—right in line with the street and neighbourhood averages, but smaller than typical Winnipeg lots.
The property’s primary appeal lies in its generous interior size relative to its age and location. In Wolseley, homes of this vintage tend to be smaller on average, so this house offers rare breathing room without leaving a historically established, walkable area. The trade-off is the land: you get a modest yard for the neighbourhood, not a sprawling lot. The home is older than most in the city (top 5% by age) and older than the Wolseley median, so buyers should be prepared for ongoing maintenance and period-specific quirks.
This property would suit someone who values square footage and street-level character over a large yard—perhaps a family, a couple with home-office needs, or a buyer who appreciates pre-war craftsmanship and doesn’t mind investing in upkeep. It’s less suited to those seeking a move-in-ready modern home or a large garden plot.
Frequently Asked Questions
1. How does this home’s living space compare to other Wolseley houses?
It’s about 15% larger than the neighbourhood average of 1,622 sqft, and it ranks in the top 30% of Wolseley homes for interior size. Across Winnipeg, it’s in the top 14%, so it’s genuinely spacious for the city.
2. Is the assessed value of $425,000 realistic for this area?
Yes—it’s above the Wolseley average of $371,000 and well above the Chestnut Street average of $358,000. This reflects the extra square footage and possibly some interior updates, but it remains close to the city average, suggesting no dramatic overvaluation for the size.
3. The house was built in 1909—should I expect major issues?
Likely. It’s older than 95% of homes in Winnipeg. Expect original materials (plaster walls, knob-and-tube wiring possibly), foundation concerns, and potentially outdated insulation or windows. A thorough inspection is essential. Many period homes in Wolseley have been updated, but this one may need more attention than the neighbourhood norm.
4. How does the lot size affect usability?
The 3,086 sqft lot is average for Chestnut Street but smaller than the typical Winnipeg lot (6,570 sqft). You’ll have a manageable yard for gardening or small gatherings, but don’t expect room for a large addition, pool, or extensive landscaping. It’s a compact urban plot.
5. Is this property a good investment relative to others on the street?
It depends on your priorities. The home ranks higher in assessed value (top 23% on the street) and living area (top 41%), but its land is slightly below average for the street. If square footage and central location matter more than land appreciation, it’s competitive. If land value is your focus, other properties on Chestnut might offer more upside.