166 Ruby Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,973 sqft home on Ruby Street in Wolseley, Winnipeg, built in 1911 with a 3,033 sqft lot. Its assessed value is $388,000.
What stands out here is the living space. The home is significantly larger than average—not just on its street (top 21%) or in the neighbourhood (top 24%), but across the entire city (top 12%). For a 1911 build, that extra square footage likely comes from well-proportioned rooms rather than awkward additions, which appeals to buyers who want a genuine older home without feeling cramped.
The assessed value, while slightly above the street and neighbourhood averages, sits below the citywide average for comparable homes. That means the valuation hasn’t fully caught up with the size advantage, which could matter for property taxes or future resale.
The land is where you feel the trade-off of an inner-city location. At 3,033 sqft, the lot is average for Ruby Street and slightly below the Wolseley norm, but it’s small by citywide standards (bottom 12%). This is typical of older, walkable neighbourhoods—you get less yard, but you’re not paying for suburban land you don’t use. The year built (1911) is also older than most city homes, which means character features (trim, plaster walls, possibly a brick exterior) but also older systems that need attention.
This property would suit buyers who prioritize interior space over land—someone who wants room for a family, home office, or entertaining, and values being in a historic, central neighbourhood like Wolseley. It’s less ideal for someone expecting a big yard, a newer build, or a move-in-ready renovation-free home.
Five Possible FAQs
1. How does the assessed value compare to similar homes in Wolseley?
The assessed value of $388,000 is slightly above the neighbourhood average of $371,300 but below the citywide average of $390,100 for comparable properties. Given that the home is one of the larger ones in the area by living area, the valuation seems reasonable rather than inflated.
2. Is the lot size a concern for this type of property?
It depends on what you want. The lot is average for Ruby Street but small compared to newer suburban homes. In Wolseley, that’s normal—yards tend to be modest but usable. If you’re looking for a large garden or room for an addition, this wouldn’t be your best option.
3. What should I expect from a home built in 1911?
You should expect older construction methods and materials: lathe and plaster walls, possibly knob-and-tube wiring or galvanized plumbing that may need updating, and a foundation that may show its age. That said, many homes from this era have solid timber frames and good bones. A thorough inspection is essential.
4. How does this home rank for living area compared to other homes on Ruby Street?
It ranks in the top 21% on the street, meaning it’s one of the larger homes there. The average living area on Ruby Street is 1,686 sqft, so this house offers about 287 sqft more—roughly the size of an extra bedroom or a large family room.
5. Is this property a good investment for resale?
The combination of above-average living space and below-average land size in an established neighbourhood can be a mixed signal. The size gives it broad appeal, but the smaller lot and older systems may limit price growth unless updates are made. It’s a solid home for living in, rather than a speculative flip.