163 Evanson Street – Property Summary
1. Key Characteristics & Buyer Profile
This is a 1909-built home with 1,740 sqft of living space on a 2,444 sqft lot, located in Winnipeg’s Wolseley neighbourhood. Its strongest feature is living area: it ranks in the top 21% on its street, top 40% in the neighbourhood, and top 19% citywide—meaning it offers noticeably more interior space than most comparable homes. The assessed value ($298k) sits below both the neighbourhood average ($371k) and citywide average ($390k), which reflects the older construction and smaller land parcel. The land area is around average for the street but well below average for Wolseley and the city, typical of older urban infill lots.
The appeal lies in getting more finished square footage for a lower assessed price than newer or larger-lot alternatives. It would suit a buyer who prioritizes interior space over outdoor area or a modern finish—someone comfortable with an older home’s character and maintenance needs, perhaps a first-time buyer or someone looking for a manageable urban footprint in a walkable neighbourhood.
2. Possible FAQs
1. Is this home a good value compared to others on the street?
It's priced below the street average ($328k vs. $298k assessed) while offering above-average living space. That suggests decent value per square foot, though the older age and smaller lot explain the lower figure.
2. How does the lot size affect usability?
At 2,444 sqft, it's typical for the street but tighter than the Wolseley norm. Expect a modest yard—fine for low-maintenance gardening or a small patio, but not for large gatherings or extensive landscaping.
3. What should I expect from a 1909 home?
Systems and structure may be original or partially updated. Older homes often have plaster walls, knob-and-tube wiring, or foundation quirks. A thorough inspection is essential, and budget for potential upgrades to insulation, plumbing, or electrical.
4. How does the neighbourhood compare citywide?
Wolseley is an older, established area with tree-lined streets and a mix of historic homes. It's walkable and central, but land values are higher per square foot than the city average—so you're paying for location and character, not lot size.
5. Could this property be a good rental or investment?
Given the below-average assessed value and above-average living area, it could yield favourable rent-to-price ratio. However, the older age means higher ongoing maintenance and possibly lower appreciation than newer builds. Run the numbers carefully with a local agent.