296 Aubrey Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1921 home with 875 sqft of living space on a 3,007 sqft lot. The numbers tell a clear story: it's smaller than most homes on its street, in its Wolseley neighbourhood, and across Winnipeg. The assessed value (CAD $255,000) also runs below average at every level. The building itself is older than typical for the city overall, but fits right in with its neighbours—on Aubrey Street and in Wolseley, most homes were built around 1916–1917.
The appeal here is straightforward: this property offers entry into Wolseley at a below-average price point for the area. It’s not a standout in terms of size or lot, but that’s precisely what makes it a more accessible option in a desirable, character-rich neighbourhood. The home sits inside a street and community where the housing stock is similar in age, so a buyer won’t be an outlier in terms of maintenance expectations or architectural style.
This property would suit a buyer who values location over square footage. Someone looking to get into Wolseley without stretching for the neighbourhood average, or someone willing to invest in a smaller footprint while gaining access to the surrounding amenities, walkability, and street character. It could also work for an investor targeting the entry-level segment of this market, where the lower assessment may keep property taxes relatively manageable.
Five Frequently Asked Questions
1. How does the size compare to other homes nearby?
On Aubrey Street, this home is in the 86th percentile for smallest living area—meaning 86% of homes on the street are larger. The neighbourhood median is around 1,622 sqft, so this property is well below that. The lot is close to the street and neighbourhood average, but roughly half the size of the citywide typical lot.
2. Is the assessed value likely to change soon?
Assessments are comparative, and this home is below average at the street, neighbourhood, and city levels. Significant increases generally follow major renovations or broad market shifts. A buyer who updates the property could see reassessment catch up, but in its current state, the value reflects its relative size and condition in this market.
3. What’s the condition of a 1921 home in Wolseley like this?
Homes of this vintage in the area often have solid bones but need updates. Buyers should assume older mechanicals, original foundations, and possible knob-and-tube wiring or lead pipes. It's not unusual for this neighbourhood, but a thorough inspection is essential.
4. How are the property taxes relative to the purchase price?
With an assessed value of $255,000, taxes should be proportionally lower than average for the city. Citywide, the average assessment is $390,000, so a buyer here will likely pay less in annual tax than if they purchased a higher-valued property in the same neighbourhood.
5. Would this home be easy to resell later?
Resale in Wolseley depends more on the street and community desirability than raw square footage. This home sits on a street where smaller, older homes are common. If maintained and updated thoughtfully, it will appeal to the same buyer profile that found it attractive now—someone prioritizing location over size.