205 Aubrey Street – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1912 home in Wolseley with 1,494 sq. ft. of living space and a 3,008 sq. ft. lot. What stands out most is the value proposition: the assessed value ($276K) is notably below the street, neighbourhood, and city averages, even though the living area is slightly above the street average and on par with the city average. The house itself is older than most city-wide (top 92% by year built), but within Wolseley and on Aubrey Street, its age is entirely typical—many surrounding homes were built around the same period.
The appeal here is not in a pristine, turnkey property with a big yard, but in getting more interior space than the street norm for a lower-than-average price. The lot is modest—roughly average for the street but small by city standards—so this suits someone who values square footage inside over outdoor space. It would work well for a buyer comfortable with an older home's character and upkeep, possibly someone looking to build equity through gradual improvements in a desirable central neighbourhood. It’s less suited for someone seeking a large yard, a newer build, or a property that ranks highly on assessed value relative to peers.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It’s larger than most homes on Aubrey Street (top 18% by living area, where the average is 1,243 sq. ft.). Within Wolseley as a whole, it's around average—the neighbourhood average is actually higher at 1,622 sq. ft., so this home sits slightly below that neighbourhood benchmark.
2. Why is the assessed value so much lower than the city average?
The home is older (1912) and likely hasn't been updated to the degree that drives up valuations in newer or more recently renovated segments of the market. It’s also in a neighbourhood where many homes have lower assessments relative to the citywide median—this is typical for Wolseley’s older housing stock.
3. Is the lot size a problem?
It depends on your expectations. At 3,008 sq. ft., the lot is right around the street average and slightly below the Wolseley average of 3,434 sq. ft. Compared to Winnipeg as a whole, it’s small—the citywide average for comparable homes is more than double at 6,570 sq. ft. This is common for older, inner-city properties.
4. What is the overall condition of a 1912 home in Wolseley?
That’s not something the data here answers directly, but the age profile is consistent with the area—many homes on this street and in Wolseley date from similar years. Buyers should expect the typical considerations for a century home: possible outdated electrical, plumbing, or insulation, and a need for ongoing maintenance. The lower assessed value may reflect deferred updates.
5. How does this property rank for value in its category?
It ranks below average on assessed value at every level—street (top 75%), neighbourhood (top 83%), and citywide (top 77%). In practical terms, this means you’re paying less than most comparable properties in each category. If the condition is sound, this could represent a relatively affordable entry into a popular central neighbourhood.