174 Lenore Street – Property Summary
Key Characteristics & Appeal
This is a 1909 home in Wolseley offering 1,848 square feet of living space on a 3,033-square-foot lot. The assessed value is $351,000. Where this property stands out is its interior size: it’s in the top 15% citywide for living area, giving it more room than most comparable homes in Winnipeg. The lot is also slightly larger than average for the street but noticeably smaller than the typical city lot—a common trade-off in older, established neighbourhoods.
The home’s age is its most distinctive trait. Built in 1909, it ranks among the oldest properties on Lenore Street and in the city overall. That means character features (original trim, higher ceilings, solid construction) are likely, but it also implies older systems, potential maintenance needs, and a floor plan that may not match modern open-concept layouts. The assessed value sits near the middle for the street and neighbourhood, suggesting the price aligns with local norms rather than standing out as either a bargain or a premium.
This property would suit buyers who prioritize interior space over lot size and who appreciate the quirks and craftsmanship of a century-old home. It’s less ideal for someone wanting a move-in-ready, low-maintenance property or a large yard. Renovators or buyers with an eye for restoring character homes would find it appealing, especially given its strong living-area ranking relative to the city.
Five Frequently Asked Questions
1. Why is the assessed value lower than the citywide average, even though the living area is larger?
The value reflects a balance of factors—living area, lot size, age, condition, and location. The home is older and sits on a smaller-than-average lot, which pulls the assessment down. Citywide, newer homes on larger lots tend to have higher assessed values, even if their interior square footage is smaller.
2. How old are the major systems (roof, furnace, electrical, plumbing)?
The listing data only gives the build year. For a 1909 home, you should expect that key systems have been updated at some point, but not necessarily recently. A home inspection and a review of any permits or renovation records would be essential to determine the actual age and condition of the roof, heating, wiring, and plumbing.
3. Is Wolseley a desirable neighbourhood for families or investors?
Wolseley is known for its tree-lined streets, older homes, and proximity to the Assiniboine River and downtown. It attracts a mix of families, professionals, and long-term residents who value walkability and community character. For investors, the area has steady demand, but the older housing stock means capital expenditures (major repairs) can be significant.
4. How does the lot size affect everyday use and resale value?
At 3,033 square feet, the lot is typical for the street but small by city standards. That means limited backyard space for gardens, play areas, or additions. Resale value tends to be more tied to the house itself and the location than the lot, but a small lot can be a limiting factor for buyers who want more outdoor space or future expansion potential.
5. What should I look for during a viewing that’s specific to a 1909 home?
Prioritize the foundation, roof structure, and basement for signs of settling, water damage, or outdated wiring (knob-and-tube). Check window condition—original single-pane windows lose heat and can be costly to replace. Also look at the layout: older homes often have smaller, separate rooms rather than open floor plans, so think about how the space would work for your daily life.