183 Chestnut Street | Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1911 home in Wolseley with 2,282 square feet of living space and a 2,944-square-foot lot. Its assessed value is $389,000.
The property’s strongest asset is its size. Citywide, it ranks in the top 5% for living area—significantly above average for Winnipeg, the neighbourhood, and even its own street. The assessed value, however, is essentially average across all three levels (street, neighbourhood, city), which suggests the home offers considerable square footage without a matching premium in valuation. The lot is below average for the street and citywide, though close to the neighbourhood norm.
The year built (1911) is a double-edged sword. It’s among the oldest on Chestnut Street and in the neighbourhood, but citywide it falls in the bottom 7%—which is common for Wolseley, a historic area. Buyers should expect older character details, possible maintenance quirks, and systems that may need updating.
This property would suit a buyer who wants generous interior space in an established, walkable neighbourhood, and who is comfortable with an older home on a modest lot. It’s less suited to someone seeking a turnkey property, a large yard, or modern construction.
Frequently Asked Questions
1. How does the assessed value compare to similar homes?
At $389,000, the home is around average for its street (top 38%), its neighbourhood (top 33%), and the city (top 41%). The assessed value does not stand out as either a bargain or an overvaluation relative to comparable properties.
2. What condition is a 1911 home likely to be in?
That depends entirely on the specific property. The data shows only the year built, not the quality of renovations or maintenance. Buyers should budget for a thorough home inspection, particularly for plumbing, electrical, foundation, and insulation—common concerns in homes of this age.
3. Is the lot size a disadvantage?
It depends on your priorities. The lot is below average for Chestnut Street and citywide, but close to the neighbourhood average. If you want a large garden, garage, or future expansion, this may feel tight. If you value indoor square footage and location over outdoor space, it’s likely fine.
4. Why is the living area so much larger than typical homes nearby?
The data doesn’t specify layout, but a home built in 1911 with 2,282 square feet on a 2,944-square-foot lot likely has a deep or multi-story design. It may include an attic conversion, a finished basement, or an addition. Buyers should confirm the usable layout matches their needs.
5. How does this property compare to others in Wolseley generally?
It’s larger than most homes in the neighbourhood (top 9% for living area), slightly older (top 50% for year built), and about average in assessed value and lot size. It’s a typical Wolseley home in pricing and character, but unusually spacious inside.