24 Evanson Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1910-built home with 1,312 sq. ft. of living space on a 2,454 sq. ft. lot in Winnipeg’s Wolseley neighbourhood. The property sits at an assessed value of $281,000.
Its appeal lies in the numbers that stand out from the average. The living area is slightly larger than the citywide average for comparable homes (1,342 sq. ft.), and the home ranks in the top 41% citywide by that measure. But the assessed value is notably below local benchmarks—$281,000 versus the neighbourhood average of $371,300 and the citywide average of $390,100. The lot, while close to the street average, is small by neighbourhood and city standards (Wolseley lots average 3,434 sq. ft., citywide lots average 6,570 sq. ft.).
This property would suit a buyer looking for an older home in an established Winnipeg neighbourhood at a price point that sits below typical local valuations. The gap between the home’s living space ranking (above average citywide) and its value ranking (below average citywide) suggests a possible opportunity for someone willing to work with an older structure and a compact lot. It’s less suited for buyers seeking a large yard, modern construction, or a property that aligns closely with neighbourhood averages for lot size or assessed value.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value of $281,000 is below average for Evanson Street ($328,200), well below the Wolseley neighbourhood average ($371,300), and significantly below the citywide average for comparable homes ($390,100). It ranks in the bottom quarter locally and around the bottom quarter citywide.
2. Is the lot size typical for the area?
Not really. The lot is 2,454 sq. ft., which is close to the street average (2,487 sq. ft.) but much smaller than the Wolseley neighbourhood average of 3,434 sq. ft. Citywide, comparable lots average 6,570 sq. ft., so this is a compact urban lot.
3. How old is the property and how does that compare to other homes?
Built in 1910, the home is older than the Wolseley neighbourhood average (1916) and significantly older than the citywide average (1966). On Evanson Street specifically, it’s around the middle of the pack—ranked #62 out of 117 properties.
4. What does “top 41% citywide for living area” actually mean in practice?
It means the living space (1,312 sq. ft.) is larger than about 59% of comparable homes across Winnipeg. The citywide average for this type of property is 1,342 sq. ft., so the home is very close to that benchmark but beats it slightly.
5. Why might the assessed value be lower than neighbourhood averages, even though the living space is close to average?
Assessed value considers multiple factors beyond square footage—lot size, condition, location within the neighbourhood, and market trends for similar sales. With a smaller-than-average lot and a 1910 build date, a lower valuation is consistent with what you’d expect for an older home on a compact site in a neighbourhood where larger lots and newer homes tend to push averages higher.