Here is a clean, standalone summary of the property at 3-272 Home Street, written in two main sections.
Key Characteristics & Ideal Buyer Profile
This 704 sq ft unit, built in 1914, sits in the Wolseley neighbourhood. Its appeal lies in being a solid, middle-of-the-pack option rather than a standout in any single category. On its own street, it ranks in the top 36% for size, landing right near the local average of 690 sq ft. Its assessed value of $158,000 also sits close to the street and neighbourhood averages, suggesting the price is aligned with what similar properties nearby are trading for.
Where the property shows its age is on a city-wide scale. At 1914, it’s older than 96% of homes in Winnipeg (where the average build year is 1990). This isn’t necessarily a drawback, but it’s a defining feature. The unit is also noticeably smaller than the citywide average of 1,042 sq ft.
This property would suit a buyer who values location and character over space. Wolseley is a desirable central neighbourhood with mature trees and a strong sense of community. A buyer here is likely someone who wants a well-located, manageable home and is comfortable with an older building—someone who appreciates the quirks and craft of a 1914 build, rather than seeking a turnkey, modern interior. It’s less suited for someone expecting a large footprint or a home that feels new.
Five Possible FAQs
1. How does this property compare to the typical home in Wolseley?
It’s very much in line with the neighbourhood average. The size (704 sq ft) is 15% smaller than the Wolseley average of 830 sq ft, but its assessed value is slightly above the local norm. The 1914 build year is also consistent with the neighbourhood’s older housing stock.
2. Is the assessed value of $158,000 a reliable indicator of market price?
Assessed value is a good reference point for property tax calculations, but it can lag behind the actual market. Given that it ranks close to the average on its street and in the neighbourhood, it suggests the current assessment is competitive for the area. However, condition and recent sales would give a truer picture.
3. The property ranks in the bottom 4% city-wide for age. Should I be concerned?
Not necessarily, but it’s worth understanding. Older homes (especially from 1914) may have unique systems, materials, and maintenance needs. The upside is that homes of this vintage in a stable area like Wolseley often have strong bones and character that newer builds lack. A thorough inspection is advisable.
4. How does the location in Wolseley affect daily life?
Wolseley is a walkable, central neighbourhood with a mix of families, long-time residents, and professionals. You’re close to the Assiniboine River, parks, and local shops along Sherbrook and Osborne. It offers a quieter, more established feel than newer suburbs, but with less space and older infrastructure.
5. Would this be a good fit for an investor or a first-time buyer?
It could work for both, depending on expectations. A first-time buyer who wants to live in a central, character-rich area and is prepared for an older home might find it a good entry point. An investor would benefit from a property that is priced in line with its street and neighbourhood, but should note that its smaller footprint and age may limit appreciation compared to larger or newer units, though rental demand in Wolseley is typically steady.