239 Lenore Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1937 home in Winnipeg’s Wolseley neighbourhood with 897 square feet of living space on a 3,023-square-foot lot. Its assessed value is $327,000.
The property’s strongest feature is its age. Built in 1937, it ranks among the oldest homes on its street (top 8%) and in Wolseley (top 6%). For buyers who value character, established construction, or a street with a more mature housing stock, this stands out. The living area is notably compact—well below average for the street and neighbourhood, and even below citywide averages for comparable homes. The lot is around average for the street but smaller than much of Winnipeg, which tends toward larger parcels.
The appeal here is not square footage or a premium lot. It’s about getting into Wolseley—a desirable central neighbourhood—at a price point that’s around average for the area. At $327,000, the assessed value sits slightly below the street and neighbourhood averages, which could indicate room for value appreciation if the interior or character is well maintained. This would suit a buyer who prioritizes location and older-home character over space, or someone looking for a smaller footprint that may be easier to maintain or update gradually. It may also appeal to investors eyeing Wolseley’s long-term demand, given the neighbourhood’s central location and established tree-lined streets.
Frequently Asked Questions
1. How does the living area compare to typical homes in Wolseley?
It’s significantly smaller. The average living area for comparable homes on Lenore Street is 1,717 sqft, and in Wolseley it’s 1,622 sqft. At 897 sqft, this property is below average at all three levels—street, neighbourhood, and citywide.
2. Is the assessed value above or below market expectations?
The assessed value of $327,000 is around average for Lenore Street (average $359.7k) and slightly below the Wolseley neighbourhood average ($371.3k). It ranks in the top 66% on the street and top 60% in the neighbourhood, meaning it’s not unusually low but sits comfortably in the middle range.
3. How old is the home, and what does that mean practically?
Built in 1937, it’s older than nearly all homes on Lenore Street and in Wolseley—only about 6% of neighbourhood homes are older or similar in age. Compared to Winnipeg as a whole, it’s newer than average (citywide average build year is 1966), so it’s old for its immediate area but not exceptionally old for the city. Buyers should expect character details but also potential maintenance related to an 80+ year-old structure.
4. What’s the lot size like for a property this age?
The lot is 3,023 sqft, which is around average for Lenore Street (2,946 sqft avg) and slightly below average for Wolseley (3,434 sqft avg). Citywide, lots average much larger at 6,570 sqft, so this is a compact urban lot. It means less yard maintenance but also limited outdoor space for expansion.
5. Does this property have good investment potential?
The central Wolseley location and below-average assessed value relative to the street suggest potential for long-term appreciation, especially if the interior or character is appealing to buyers who value older homes. However, the small living area and lot size limit upside compared to larger properties in the same neighbourhood. It’s a niche asset—best suited for buyers who aren’t prioritizing maximum square footage.