255 Aubrey Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,161 sqft home built in 1909, located in the Wolseley neighbourhood of Winnipeg, sitting on a 3,004 sqft lot. The property’s assessed value is $333,000.
The home’s appeal lies in its street-level value. On Aubrey Street, it ranks in the top 39% for assessed value, meaning you’re getting a property that is priced competitively relative to others on the same block. The living area is right around the street average, which suggests a solid, unremarkable footprint for the area.
However, the trade-off is clear: the home is older than most on the street (top 76% for age), and the lot is slightly smaller than the neighbourhood average for Wolseley. This isn’t a house that stands out in size or land—it’s a modest, century-old home that holds its ground on price.
This property would suit buyers who:
- Want to be in Wolseley but are priced out of the larger, more renovated homes nearby.
- Prioritize street-level value over neighbourhood-wide averages—you’re paying below the Wolseley median ($371.3k) and below the citywide median ($390.1k).
- Are comfortable with an older home (1909) and the maintenance that comes with it, but see the assessed value as a reasonable entry point for the area.
- Don’t need a large lot or expansive living space—this is a compact, urban infill property.
A less obvious perspective: the fact that the home’s lot (3,004 sqft) is smaller than the Wolseley average (3,434 sqft) but larger than many citywide lots means you’re getting a relatively efficient use of land for the neighbourhood. You’re not paying for extra yard you don’t use, which keeps the price down. Also, the home’s age (1909) puts it in a bracket where many of its peers have already been updated or are due for updates—so you may have less competition from buyers looking for turnkey, but more potential for negotiating based on deferred maintenance.
Frequently Asked Questions
1. How does this home’s assessed value compare to others on the street?
It ranks #46 out of 118 homes on Aubrey Street (top 39%), with an assessed value of $333,000. The street average is $320,500, so this home is slightly above average for the street. But compared to the Wolseley neighbourhood average ($371,300), it’s about 10% lower.
2. Is the living area small for this neighbourhood?
It’s 1,161 sqft, which is below the Wolseley average of 1,622 sqft (ranking in the bottom 20% of the neighbourhood). However, it’s close to the Aubrey Street average of 1,243 sqft, meaning it’s typical for the immediate street. If you compare it citywide, it’s slightly below the average of 1,342 sqft.
3. The home was built in 1909—should I be concerned about its condition?
That depends on what updates have been done. The property ranks in the bottom 76% for age on its street and bottom 79% in Wolseley. Citywide, it’s in the bottom 95%, meaning it’s significantly older than most homes in Winnipeg. A thorough inspection is essential, especially for foundations, knob-and-tube wiring, and lead plumbing common in homes of this era. The lower assessed value relative to newer homes may already reflect some needed work.
4. How does the lot size compare, and does it matter for resale?
The lot is 3,004 sqft. It’s slightly below the street average (2,982 sqft) and well below the Wolseley average (3,434 sqft). Citywide, it’s in the bottom 88%, because many Winnipeg homes sit on much larger lots. For resale, a smaller lot can limit appeal for families wanting outdoor space, but it also means lower property taxes and less maintenance. In Wolseley, where lots are generally smaller to begin with, this is less of a drawback than it would be in suburban areas.
5. Who is this property not a good fit for?
Buyers who want a move-in-ready home with modern finishes, a large yard, or a prime Wolseley location (closer to the river or the core of the neighbourhood) may want to look elsewhere. Also, if you’re looking for a property that’s competitive on size versus newer builds, this one falls short on both living area and lot size compared to citywide averages. It’s best suited for someone who values entry-level pricing in a desirable older neighbourhood and is willing to invest sweat equity or renovations over time.